SOLOWIN HOLDINGS (NASDAQ: AXG) announced that its stablecoin issuance subsidiary, AX Coin Bahrain B.S.C. (C), has signed a non-binding memorandum of understanding with The Benefit Company B.S.C. (C), Bahrain’s national electronic financial transactions hub, to explore potential applications for stablecoin technology within the kingdom’s payments ecosystem. The collaboration will assess how stablecoin capabilities could potentially integrate with BENEFIT’s existing national payments infrastructure, subject to regulatory and technical feasibility, as part of a broader evaluation of emerging digital asset infrastructure in Bahrain.
AX Coin has received in-principle approval from the Central Bank of Bahrain, with the initiative intended to support continued exploration of regulated digital asset solutions in the region. This development is significant as it marks a step toward mainstream adoption of stablecoins within a regulated framework, potentially setting a precedent for other jurisdictions. The partnership could enhance payment efficiency and financial inclusion in Bahrain, aligning with the kingdom's vision to become a regional fintech hub.
SOLOWIN HOLDINGS, established in 2016, is a global regulated fintech company that combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform. Its offerings span stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services. Through its integrated ecosystem, including AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR, the company empowers global institutions and investors to capitalize on the rapid growth of the dual-token economy.
For more information, visit the Company’s website at https://www.alloyx.com or Investor Relations webpage at https://ir.alloyx.com.
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