SOLOWIN HOLDINGS (NASDAQ: AXG) announced that its AX Coin stablecoin subsidiary has signed a non-binding memorandum of understanding with INFINIOS to develop regulated wallet infrastructure and digital payment solutions. The collaboration aims to accelerate stablecoin adoption across the Gulf region by integrating AX Coin into INFINIOS' payments infrastructure.
According to the announcement, the partnership will focus on enabling compliant custodial and non-custodial wallet solutions, multi-currency virtual accounts, fiat on/off ramps, and real-time cross-border settlement capabilities for institutional clients. This move is significant as it targets the growing demand for stablecoin-based payment systems in the Gulf, a region increasingly embracing digital finance.
The integration of AX Coin into INFINIOS' infrastructure could streamline cross-border transactions and provide institutional clients with more efficient payment options. For SOLOWIN HOLDINGS, this partnership represents a strategic expansion into the Gulf region, leveraging INFINIOS' local expertise and network. The non-binding nature of the MOU suggests that while both parties are committed to exploring the collaboration, final agreements will require further negotiation.
SOLOWIN HOLDINGS is a global regulated fintech company established in 2016, combining blockchain and artificial intelligence technologies. The company operates a fully compliant dual-token digital economy super platform with two core business pillars: Digital Asset Tokens and AI Tokens. Its offerings include stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services such as cloud infrastructure, Know-Your-Agent verification, and token router.
The company's ecosystem includes AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR, designed to empower global institutions and investors in the dual-token economy. For more information, visit the Company's website at https://www.alloyx.com or the Investor Relations webpage at https://ir.alloyx.com.
The latest news and updates relating to AXG are available in the company's newsroom at https://ibn.fm/AXG.
