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 AXG, announced that its subsidiary AlloyX Group has received an in-principle approval letter for a stablecoin license from the Central Bank of Bahrain. The approval, which is subject to final regulatory clearance, follows several months of regulatory engagement and positions AlloyX Group to pursue the launch of a compliant stablecoin within Bahrain's regulatory framework. This development supports the expansion of the company's stablecoin ecosystem across the Middle East and Africa region and internationally.

The company's stablecoin issuance entity, AX Coin, operates under the AlloyX Group subsidiary and will be responsible for the stablecoin operations. Solowin Holdings focuses on bridging traditional and digital assets through its multi-jurisdictional, vertically integrated financial platform. The company's infrastructure includes global stablecoin payments, corporate treasury and private wealth management services, and tokenization as a service. Backed by leading international institutional investors, the company manages compliant and transparent digital assets that are closely connected to the real economy.

This regulatory milestone in Bahrain represents a strategic expansion for Solowin Holdings' digital asset operations beyond its existing Hong Kong Securities and Futures Commission-licensed subsidiary, Solomon JFZ (Asia) Holdings Limited. The company has developed an enterprise-grade financial platform that encompasses various digital asset solutions for global investors and institutions. The Bahrain approval aligns with the company's commitment to establishing itself as a leading global digital asset financial platform and driving the convergence of traditional finance and the digital assets ecosystem.

The in-principle approval from Bahrain's central bank comes as regulatory frameworks for digital assets continue to evolve globally. Stablecoins, which are digital currencies pegged to stable assets like fiat currencies, have gained increasing attention from regulators seeking to balance innovation with consumer protection and financial stability. Bahrain has been actively developing its regulatory approach to digital assets, positioning itself as a hub for financial technology in the Middle East region. The company's news and updates relating to AXG are available through its communications channels, including specialized platforms that provide wire-grade press release syndication for public companies and the investment community.