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. According to the company, 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.
Company executives said the license will enable AX Coin to scale compliant stablecoin operations globally while supporting institutional adoption and programmable digital payment ecosystems. This development is crucial as it demonstrates regulatory clarity and acceptance of stablecoins in the Middle East, potentially paving the way for broader adoption of digital currencies in traditional finance. SOLOWIN HOLDINGS, a global regulated fintech company, combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform. Its mission, “Mobilizing Tokens 24/7,” drives its core business pillars: Digital Asset Tokens and AI Tokens.
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. Through its integrated ecosystem, including AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR, SOLOWIN HOLDINGS empowers global institutions and investors to capitalize on the rapid growth of the dual-token economy. This license is a milestone for the company and the broader cryptocurrency industry, as it establishes a precedent for other stablecoin issuers seeking regulatory approval. The Central Bank of Bahrain’s proactive stance on digital assets could attract more fintech firms to the region, fostering innovation while ensuring consumer protection and financial stability.
For more information, visit the company's website or Investor Relations webpage. The full press release is available here.
