Solowin Holdings (NASDAQ: AXG) announced that its subsidiary AX Coin Bahrain has signed a non-binding memorandum of understanding 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 highlights the growing importance of regulated stablecoin solutions in facilitating efficient cross-border transactions. By combining AX Coin’s expertise in compliant stablecoin issuance and payments with SGB’s established banking network, the collaboration aims to create seamless payment corridors between Asia and the Middle East. The initiative also targets the development of robust digital asset treasury management tools, which are increasingly sought after by corporate clients navigating the complexities of digital finance.
Solowin Holdings, established in 2016, is a global regulated fintech company that combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform. Its mission, “Mobilizing Tokens 24/7,” focuses on tokenization through two core business pillars: Digital Asset Tokens and AI Tokens. 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 MOU comes at a time when regulatory clarity around digital assets is improving in key jurisdictions. Bahrain has emerged as a progressive hub for digital asset regulation, while Singapore continues to refine its framework for payment services and digital tokens. The collaboration between AX Coin and SGB is expected to leverage these regulatory environments to create compliant solutions that meet institutional standards.
For investors, this announcement signals Solowin Holdings’ strategic expansion into the Middle Eastern market through a partnership with a licensed bank. The success of this collaboration could pave the way for broader adoption of stablecoin-based payment systems in cross-border trade and remittances. The full press release is available at https://ibn.fm/9KHZT. More information about Solowin Holdings can be found on its website at https://www.alloyx.com or its investor relations page at https://ir.alloyx.com.
