SOLOWIN HOLDINGS (NASDAQ: AXG) announced that its stablecoin issuance subsidiary, AX Coin Bahrain B.S.C. (c), has received approval from the Central Bank of Bahrain to conduct stablecoin issuer activities. According to the company, AX Coin is the first entity licensed under the regulator’s stablecoin framework, positioning it among a select group of stablecoin issuers operating under sovereign central bank oversight.
The approval provides a regulated foundation for expanding stablecoin-based financial infrastructure and supports the integration of digital assets into payments and settlement systems, company executives said. They noted that the license will enable AX Coin to scale compliant stablecoin operations globally while fostering institutional adoption and programmable digital payment ecosystems.
SOLOWIN HOLDINGS, established in 2016, 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 including cloud infrastructure and Know-Your-Agent verification. The company’s ecosystem includes brands such as AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR.
The license from the Central Bank of Bahrain marks a significant milestone for the region’s crypto regulatory landscape, as it establishes a clear pathway for stablecoin issuers to operate under central bank supervision. This development could attract other digital asset firms seeking a regulated environment in the Middle East.
For more information, visit the company’s website at https://www.alloyx.com or its Investor Relations webpage at https://ir.alloyx.com. The full press release is available at https://ibn.fm/GmoUR.
