Solowin Holdings Subsidiary Receives In-Principle Stablecoin License Approval from Bahrain Central Bank

Solowin Holdings, a financial technology company trading on NASDAQ under the symbol SWIN, announced that its subsidiary AlloyX Group's stablecoin issuance entity, AX Coin, has received an in-principle approval letter for a stablecoin license from the Central Bank of Bahrain. This approval is subject to final regulatory confirmation and follows several months of regulatory engagement between the company and Bahraini authorities.

The in-principle approval positions AlloyX Group to pursue the launch of a compliant stablecoin within Bahrain's regulatory framework. This development supports the expansion of Solowin's stablecoin ecosystem across the Middle East and Africa region, as well as internationally. The company's multi-jurisdictional approach includes leveraging its Hong Kong Securities and Futures Commission-licensed subsidiary Solomon JFZ (Asia) Holdings Limited, along with other key subsidiaries such as AlloyX Group and AX Coin.

Solowin Holdings has developed what it describes as a vertically integrated, enterprise-grade financial platform encompassing global stablecoin payments, corporate treasury and private wealth management, and tokenization as a service. The company manages compliant and transparent digital assets that are closely connected to the real economy, backed by leading international institutional investors. This regulatory milestone in Bahrain represents a strategic step in the company's commitment to establishing itself as a leading global digital asset financial platform.

The approval from Bahrain's central bank comes as the company works to bridge traditional and decentralized finance by building what it characterizes as secure, efficient, and compliant financial infrastructure. This infrastructure provides integrated digital asset solutions for global investors and institutions. The company's news and updates relating to SWIN are available through its communications channels, including specialized platforms that distribute financial information to investment communities.

This regulatory development in Bahrain represents a significant step for Solowin's expansion strategy in the Middle East and Africa region. The company's approach focuses on creating a seamless convergence between traditional finance and the digital assets ecosystem through regulated, compliant channels. The in-principle approval demonstrates Bahrain's position as a growing hub for digital asset innovation within the Gulf region.