SOLOWIN HOLDINGS (NASDAQ: AXG) announced that its stablecoin issuance subsidiary, AX Coin Bahrain B.S.C. (C), has signed a non-binding memorandum of understanding (MOU) with The Benefit Company B.S.C. (C) (BENEFIT), Bahrain’s national electronic financial transactions hub, to explore potential applications for stablecoin technology within the kingdom’s payments ecosystem. The collaboration will assess how stablecoin capabilities could integrate with BENEFIT’s existing national payments infrastructure, subject to regulatory and technical feasibility, as part of a broader evaluation of emerging digital asset infrastructure in Bahrain.
AX Coin has received in-principle approval from the Central Bank of Bahrain, with the initiative intended to support continued exploration of regulated digital asset solutions in the region. This development underscores Bahrain’s proactive approach to embracing digital finance while maintaining regulatory oversight. For SOLOWIN HOLDINGS, the partnership represents a strategic move to position its stablecoin offerings within a national payments framework, potentially expanding the use case of its AX Coin ecosystem beyond isolated applications.
The MOU is non-binding, meaning further due diligence and regulatory approvals are required before any concrete integration. However, the collaboration signals growing interest from both private and public sectors in leveraging stablecoin technology for efficient and transparent payment systems. If successful, the integration could enable faster and cheaper cross-border transactions, improve financial inclusion, and provide a regulated alternative to traditional payment methods in Bahrain.
SOLOWIN HOLDINGS, established in 2016, combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform. Its core business pillars include Digital Asset Tokens and AI Tokens, with offerings spanning stablecoin issuance, payments, asset tokenization, securities trading, and AI-powered services. The company’s ecosystem includes brands such as AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR. For more information, visit the Company’s website at https://www.alloyx.com or its Investor Relations webpage at https://ir.alloyx.com.
The full press release is available at https://nnw.fm/emVgZ. For the latest news and updates relating to AXG, visit the company’s newsroom at https://nnw.fm/AXG.
