SOLOWIN HOLDINGS Explores Stablecoin Integration with Bahrain's National Payments Hub

SOLOWIN HOLDINGS (NASDAQ: AXG) announced that its stablecoin issuance subsidiary, AX Coin Bahrain B.S.C. (C), has signed a non-binding memorandum of understanding with The Benefit Company B.S.C. (C), Bahrain’s national electronic financial transactions hub, to explore potential applications for stablecoin technology within the kingdom’s payments ecosystem.

The collaboration will assess how stablecoin capabilities could potentially integrate with BENEFIT’s existing national payments infrastructure, subject to regulatory and technical feasibility, as part of a broader evaluation of emerging digital asset infrastructure in Bahrain. AX Coin has received in-principle approval from the Central Bank of Bahrain, with the initiative intended to support continued exploration of regulated digital asset solutions in the region.

This partnership is significant because it signals a move toward integrating stablecoins into a national payment system, potentially enhancing transaction efficiency and financial inclusion. By working with BENEFIT, which operates Bahrain's national electronic financial transactions hub, SOLOWIN aims to test the practical applications of stablecoins in a regulated environment. The in-principle approval from the Central Bank of Bahrain adds credibility and underscores the regulatory support for digital asset innovation in the region.

SOLOWIN HOLDINGS, established in 2016, is a global regulated fintech company that combines blockchain and artificial intelligence technologies. The company operates a fully compliant dual-token digital economy super platform, guided by the mission “Mobilizing Tokens 24/7.” 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, SOLOWIN empowers global institutions and investors to capitalize on the rapid growth of the dual-token economy. The company’s stock trades on NASDAQ under the ticker AXG. For more information, visit the Company’s website at https://www.alloyx.com or Investor Relations webpage at https://ir.alloyx.com.

This MOU represents a strategic step for SOLOWIN as it seeks to expand its stablecoin operations in the Middle East. The outcome of the feasibility study could pave the way for broader adoption of stablecoins in Bahrain and potentially serve as a model for other nations exploring digital currency integration. The collaboration aligns with Bahrain's efforts to position itself as a hub for fintech and digital asset innovation.