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 SOLOWIN HOLDINGS. 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, is a 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 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 license from the Central Bank of Bahrain is significant as it places AX Coin under the oversight of a sovereign central bank, which could enhance trust and institutional adoption. The regulated framework allows the company to offer stablecoin services that comply with international standards, potentially attracting partners and clients seeking to integrate digital assets into their payment and settlement systems.
For more information, visit the company’s website at https://www.alloyx.com or the Investor Relations webpage at https://ir.alloyx.com.
This development underscores the growing trend of regulatory clarity for stablecoins, as jurisdictions like Bahrain establish frameworks to govern digital currencies. The approval could pave the way for other stablecoin issuers to seek similar licenses, potentially accelerating the adoption of digital assets in traditional financial systems.
