SOLOWIN HOLDINGS (NASDAQ: AXG) announced that its subsidiary, AlloyX Limited, has entered into a strategic partnership with Bahrain FinTech Bay to accelerate the development and adoption of regulated stablecoin applications. This collaboration aims to strengthen Bahrain's position as a regional hub for digital finance by leveraging AlloyX's expertise in stablecoin solutions and Bahrain FinTech Bay's innovation ecosystem.
Under the partnership, AlloyX will work alongside global and regional payments and technology partners within Bahrain FinTech Bay to explore next-generation stablecoin application scenarios. The company is advancing plans toward regulatory approval and the subsequent market launch of its stablecoin. Leadership stated that the partnership aligns with its vision to build compliant and scalable stablecoin solutions in Bahrain, delivering benefits for the GCC region and global markets.
AlloyX Limited, a subsidiary of Solowin Holdings (Nasdaq: AXG), serves as a bridge between traditional finance and the digital assets ecosystem. The company operates across stablecoin payments, tokenization services, digital brokerage, and on-chain financial infrastructure. By integrating traditional brokerage and banking systems with blockchain technology, AlloyX delivers secure, efficient, and auditable digital financial solutions for institutions. Backed by leading international investors, the company is building the next-generation digital financial infrastructure to empower the global transition toward a regulated digital economy.
SOLOWIN HOLDINGS is a global financial technology firm focused on digital currency payments and asset tokenization. Founded in 2016, the company has dedicated itself to bridging traditional and decentralized finance by building a secure, efficient, and compliant financial infrastructure. Leveraging its Hong Kong Securities and Futures Commission (SFC)-licensed subsidiary Solomon JFZ (Asia) Holdings Limited, along with other key subsidiaries such as AlloyX Group and AX Coin, the company has developed a multi-jurisdictional, vertically integrated, enterprise-grade new financial platform. This platform encompasses global stablecoin payments, corporate treasury and private wealth management, and tokenization as a service.
For more details, the full press release is available at https://ibn.fm/DTOgY. The latest news and updates relating to AXG are available in the company's newsroom at https://ibn.fm/AXG.
