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 marks a strategic step for both entities as they seek to bridge traditional banking with digital asset ecosystems.
According to the announcement, the MOU outlines plans to integrate AX Coin's compliant stablecoin platform with SGB's banking and payment networks. This includes the development of cross-border settlement solutions, digital asset treasury frameworks, and institutional-grade payment rails for corporate and institutional clients. The partnership aims to leverage SGB's banking license and regional presence in the Middle East and Asia, combined with AX Coin's expertise in regulated stablecoin issuance and blockchain technology.
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 Singapore Gulf Bank is expected to enhance the utility of AX Coin's stablecoin platform by integrating it with SGB's established banking infrastructure, potentially enabling faster and more cost-effective cross-border transactions. This collaboration aligns with the growing trend of traditional financial institutions exploring digital assets and blockchain technology to improve efficiency and expand service offerings.
For more information, visit the company's website at https://www.alloyx.com or the Investor Relations webpage at https://ir.alloyx.com.
The full press release is available at https://ibn.fm/9KHZT.
