Solowin (NASDAQ: AXG), a financial technology company bridging traditional and digital assets, announced that AX Coin, the stablecoin issuance entity under its AlloyX Group subsidiary, has received an in-principle approval letter for a stablecoin license from the Central Bank of Bahrain, subject to final regulatory approval. The company said the approval follows several months of regulatory engagement and positions AlloyX Group to pursue the launch of a compliant stablecoin within Bahrain’s regulatory framework, supporting the expansion of its stablecoin ecosystem across the Middle East and Africa region and internationally
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About Solowin Holdings
Solowin Holdings (NASDAQ: AXG) is a global leading financial technology firm focused on digital currency payments and asset tokenization. Founded in 2016, it has dedicated to bridging traditional and decentralized finance by building a secure, efficient and compliant financial infrastructure that provides integrated digital asset solutions for global investors and institutions. Leveraging its Hong Kong Securities and Futures Commission (SFC)-licensed subsidiary Solomon JFZ (Asia) Holdings Limited, along with other key subsidiaries such as AlloyX Group and AX Coin, the Company has developed a multi-jurisdictional, vertically integrated, enterprise-grade new financial platform encompassing global stablecoin payments, corporate treasury and private wealth management 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. The Company is committed to establishing itself as a leading global digital asset financial platform, driving the seamless convergence of traditional finance and the digital assets ecosystem.
NOTE TO INVESTORS: The latest news and updates relating to AXG are available in the company’s newsroom at https://ibn.fm/SWIN
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