Solowin Holdings Subsidiary AX Coin Signs MOU with Singapore Gulf Bank for Stablecoin and Cross-Border Payment Infrastructure

Solowin Holdings (NASDAQ: AXG) announced that its subsidiary AX Coin Bahrain has signed a non-binding memorandum of understanding (MOU) 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 regulated digital asset solutions with traditional banking services, potentially enabling faster and more cost-effective cross-border transactions for businesses in two of the world’s most dynamic economic regions. The collaboration aims to leverage SGB’s banking license and infrastructure alongside AX Coin’s blockchain expertise to create compliant payment corridors that could reduce reliance on conventional correspondent banking networks.

For more details on the announcement, view the full press release at https://ibn.fm/9KHZT.

Solowin Holdings, established in 2016, is a global regulated fintech company 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.

The company’s integrated ecosystem includes AXCOIN, AXONE, FERION, SOLOMON, SCION, and KOVAR, empowering 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 its Investor Relations webpage at https://ir.alloyx.com.

The MOU between AX Coin and SGB underscores a growing trend of collaboration between fintech firms and traditional banks to build infrastructure for digital assets. The initiative could pave the way for more efficient cross-border payments, particularly in regions like the Middle East and Asia where remittance volumes are high and digital adoption is accelerating. By combining AX Coin’s stablecoin platform with SGB’s banking network, the partnership aims to offer corporate clients faster settlement times and lower transaction costs compared to traditional methods.

As the regulatory landscape for stablecoins evolves globally, this partnership positions both entities to potentially benefit from clearer frameworks. The non-binding nature of the MOU indicates that the collaboration is still in early stages, but it reflects strategic intent to capture market share in the growing digital payments ecosystem.