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, 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.
SOLOWIN HOLDINGS (Nasdaq: AXG) is a global regulated fintech company established in 2016, combining 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.
This regulatory approval is significant as it demonstrates a path for stablecoin issuers to operate under sovereign central bank oversight, potentially setting a precedent for other jurisdictions. The Central Bank of Bahrain’s framework provides clarity and credibility, which could accelerate institutional adoption of stablecoins for payments and settlements. As the first licensee under this framework, AX Coin gains a first-mover advantage in the region and may serve as a model for compliant stablecoin operations globally.
The development also highlights the growing trend of regulatory engagement with digital assets, as central banks worldwide explore frameworks for stablecoins. For SOLOWIN HOLDINGS, this license supports its strategy to scale its stablecoin business and integrate digital assets into mainstream financial systems. The company’s ecosystem includes brands such as AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR, which together empower global institutions and investors to capitalize on the dual-token economy.
For more information, visit 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.
