Solowin Holdings (NASDAQ: AXG) reported fiscal 2026 revenue of $28.05 million, an increase of approximately 895% from $2.82 million a year earlier. The surge was driven by a 395% rise in stablecoin and fiat trading volume to $1.04 billion and a 347% increase in client assets under administration to $848.8 million. These results highlight the company's rapid expansion in the digital asset sector and its growing role in the stablecoin market.
The growth comes as global stablecoin market capitalization reached $311 billion in 2025, with annualized stablecoin payments estimated at $390 billion based on December 2025 activity, including approximately $226 billion in business-to-business payments. This context underscores the increasing adoption of stablecoins for commercial transactions and the potential for further expansion. Solowin's performance suggests it is capitalizing on these trends, particularly through its focus on regulated stablecoin issuance and payment infrastructure.
Following the receipt of a full stablecoin issuer license by AX Coin Bahrain in June 2026, Solowin outlined key priorities: commercializing its AXUSD and AXBHD tokens, integrating banking and payment partners, and developing payment corridors between the Gulf Cooperation Council (GCC) and Asia, as well as between the GCC and Africa. These initiatives aim to facilitate cross-border payments and enhance the utility of its digital assets. Chairman and CEO Ling Ngai Lok emphasized the company's "license-first" approach amid evolving U.S. digital asset regulation, noting its central-bank oversight in Bahrain and the Securities and Futures Commission (SFC) framework in Hong Kong. "When the U.S. rules land, we won't be scrambling. We'll be operating," Lok said. "Washington's delay isn't a threat to us. It's runway." This strategy positions Solowin to operate within established regulatory frameworks while awaiting clearer U.S. guidelines, potentially giving it a competitive advantage.
Solowin Holdings, established in 2016, operates as a global regulated fintech company combining blockchain and artificial intelligence technologies. Its mission, "Mobilizing Tokens 24/7," is built on two core pillars: Digital Asset Tokens and AI Tokens. Offerings include stablecoin issuance and payments, asset tokenization, securities trading, asset management, and AI-powered services such as cloud infrastructure, Know-Your-Agent verification, and token router. Through its integrated ecosystem—including AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR—the company aims to empower institutions and investors in the dual-token economy.
For more information, visit the company's website at https://www.alloyx.com or its Investor Relations page at https://ir.alloyx.com. The full press release can be accessed at https://ibn.fm/YBsAi.
