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. This makes AX Coin 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, according to the company. Company executives said the license will enable AX Coin to scale compliant stablecoin operations globally while supporting institutional adoption and programmable digital payment ecosystems.
This development is significant as it marks a milestone in the regulatory acceptance of stablecoins, which are digital assets designed to maintain a stable value relative to a reference asset, typically a fiat currency. The Central Bank of Bahrain’s licensing framework provides a clear regulatory pathway for stablecoin issuers, which could encourage broader institutional adoption and integration into traditional financial systems.
SOLOWIN HOLDINGS is a leading global regulated fintech company that 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,” and it operates 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 AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR, AXG empowers global institutions and investors to capitalize on the rapid growth of the dual-token economy. More information is available on the company’s website at https://www.alloyx.com or its Investor Relations webpage at https://ir.alloyx.com.
The full press release can be viewed at https://ibn.fm/GmoUR. The latest news and updates relating to AXG are available in the company’s newsroom at https://ibn.fm/AXG.
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