Solowin Holdings (NASDAQ: AXG) announced that its subsidiary, AX Coin Bahrain, has signed a non-binding memorandum of understanding 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 marks a significant step in bridging traditional banking with digital assets, potentially enhancing efficiency in cross-border transactions. By combining AX Coin’s stablecoin technology with SGB’s established banking infrastructure, the collaboration aims to provide more seamless and cost-effective payment solutions for businesses operating in Asia and the Middle East. The move comes amid growing interest from financial institutions in leveraging blockchain technology to streamline operations and reduce costs.
Solowin Holdings, a global regulated fintech company established in 2016, combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform. The company’s mission is “Mobilizing Tokens 24/7,” 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.
Through its integrated ecosystem, including AXCOIN, AXONE, FERION, SOLOMON, SCION, and KOVAR, Solowin Holdings empowers global institutions and investors to capitalize on the rapid growth of the dual-token economy. For more information, visit the Company’s website at https://www.alloyx.com or Investor Relations webpage at https://ir.alloyx.com.
The non-binding nature of the MOU means that specific terms and timelines are yet to be finalized, but the agreement signals a growing trend of collaboration between traditional financial institutions and digital asset companies. As regulatory frameworks evolve, such partnerships could pave the way for broader adoption of stablecoins and other digital assets in mainstream finance.
Solowin Holdings’ stock trades on the Nasdaq under the ticker AXG. The latest news and updates relating to AXG are available in the company’s newsroom at https://ibn.fm/AXG.
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