Solowin Holdings (NASDAQ: AXG) reported fiscal 2026 revenue of $28.05 million, an increase of approximately 895% from $2.82 million a year earlier, according to a company press release. The surge was fueled by a 395% rise in stablecoin and fiat trading volume to $1.04 billion and a 347% increase in client assets under administration to $848.8 million.
The results come as the global stablecoin market capitalization reached $311 billion in 2025, with annualized stablecoin payments estimated at $390 billion based on December 2025 activity, including approximately $226 billion in business-to-business payments. This growth underscores the increasing adoption of digital assets for commercial transactions.
Following AX Coin Bahrain’s receipt of a full stablecoin issuer license in June 2026, AXG outlined priorities including commercializing its AXUSD and AXBHD tokens, integrating banking and payment partners, and developing payment corridors between the Gulf Cooperation Council (GCC) and Asia as well as the GCC and Africa. These initiatives aim to capture a share of the expanding stablecoin payment market.
Chairman and CEO Ling Ngai Lok emphasized the company’s “license-first” approach amid evolving U.S. digital asset regulation. He noted AXG’s central-bank oversight in Bahrain and its Securities and Futures Commission (SFC) framework in Hong Kong. “When the U.S. rules land, we won’t be scrambling. We’ll be operating. Washington’s delay isn’t a threat to us. It’s runway,” Lok stated.
The company’s regulatory strategy could provide a competitive advantage as U.S. authorities finalize digital asset rules. By securing licenses in key jurisdictions, AXG positions itself to operate seamlessly once U.S. regulations are implemented. This proactive stance may appeal to investors seeking exposure to a compliant digital asset platform.
Solowin Holdings, established in 2016, describes itself as a leading global regulated fintech company that combines blockchain and artificial intelligence to operate a fully compliant dual-token digital economy super platform. Its mission, “Mobilizing Tokens 24/7,” guides 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.
Through its integrated ecosystem, including AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR, AXG aims to empower global institutions and investors to capitalize on the growth of the dual-token economy. For more information, visit the company’s website at https://www.alloyx.com or its investor relations page at https://ir.alloyx.com. The full press release is available at https://ibn.fm/YBsAi.
The substantial revenue growth and strategic licensing moves highlight the potential for regulated digital asset firms to thrive amid regulatory uncertainty. As stablecoin adoption accelerates, AXG’s performance and roadmap could signal broader trends in the intersection of traditional finance and blockchain technology.
