Solowin Holdings (NASDAQ: AXG) announced that its subsidiary AX Coin Bahrain has signed a non-binding memorandum of understanding (MOU) with Singapore Gulf Bank (SGB) to collaborate on stablecoin infrastructure, cross-border payments, and digital asset initiatives across Asia and the Middle East. The agreement outlines plans to integrate AX Coin's compliant stablecoin platform with SGB's banking and payment networks, including development of cross-border settlement solutions, digital asset treasury frameworks, and institutional-grade payment rails for corporate and institutional clients.
This partnership is significant as it combines AX Coin's expertise in compliant stablecoin issuance with SGB's established banking infrastructure, potentially accelerating the adoption of digital assets in traditional finance. The collaboration aims to create seamless cross-border payment solutions that leverage blockchain technology while adhering to regulatory standards. By integrating AX Coin's platform, SGB could offer its clients enhanced digital asset services, including faster and more cost-effective international transfers.
Solowin Holdings, established in 2016, is a global regulated fintech company that combines blockchain and artificial intelligence technologies. The company operates a fully compliant dual-token digital economy super platform, focusing on tokenization through two core business pillars: Digital Asset Tokens and AI Tokens. Its offerings span stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services including cloud infrastructure, Know-Your-Agent verification, and token router.
The MOU with SGB aligns with Solowin's mission of “Mobilizing Tokens 24/7” and could expand its reach in key markets. The partnership is expected to drive innovation in digital asset infrastructure, potentially setting a precedent for collaborations between fintech companies and traditional banks. For more information, visit the company's website at https://www.alloyx.com or its Investor Relations webpage at https://ir.alloyx.com.
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