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. The company stated that 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 the license will enable AX Coin to scale compliant stablecoin operations globally while supporting 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, Know-Your-Agent verification, and token router.
The licensing milestone is significant as it provides a regulatory pathway for stablecoin issuance under a sovereign central bank, which could enhance trust and adoption among institutional investors. The Central Bank of Bahrain’s framework is part of broader efforts in the region to establish clear regulations for digital assets, potentially positioning Bahrain as a hub for regulated crypto activities.
For more information, visit the company’s website at https://www.alloyx.com or the Investor Relations webpage at https://ir.alloyx.com.
