Solowin Holdings' AX Coin receives in-principle stablecoin license approval from Bahrain's central bank, expanding compliant digital asset infrastructure in MiddleSolowin Holdings' AX Coin receives in-principle stablecoin license approval from Bahrain's central bank, expanding compliant digital asset infrastructure in Middle

Solowin Holdings Subsidiary Receives In-Principle Stablecoin License Approval from Bahrain Central Bank

2026/01/28 22:25
3 min read

Solowin Holdings, a financial technology company trading on NASDAQ under the ticker SWIN, announced that its subsidiary AlloyX Group’s stablecoin issuance entity, AX Coin, has received an in-principle approval letter for a stablecoin license from the Central Bank of Bahrain. This approval is subject to final regulatory clearance and follows several months of regulatory engagement between the company and Bahraini authorities.

The in-principle approval positions AlloyX Group to pursue the launch of a compliant stablecoin within Bahrain’s regulatory framework. This development supports the expansion of Solowin’s stablecoin ecosystem across the Middle East and Africa region and internationally. The company views this regulatory milestone as significant for its broader strategy of bridging traditional and digital assets through compliant financial infrastructure.

Solowin Holdings describes itself as a global financial technology firm focused on digital currency payments and asset tokenization. Founded in 2016, the company has developed what it calls a multi-jurisdictional, vertically integrated, enterprise-grade financial platform. This platform encompasses global stablecoin payments, corporate treasury and private wealth management, and tokenization as a service.

The company leverages its Hong Kong Securities and Futures Commission-licensed subsidiary Solomon JFZ (Asia) Holdings Limited, along with other key subsidiaries including AlloyX Group and AX Coin. According to the company, it manages compliant and transparent digital assets that are closely connected to the real economy and is backed by leading international institutional investors.

Solowin’s commitment to regulatory compliance across different jurisdictions appears central to its business model. The company states it is dedicated to building secure, efficient, and compliant financial infrastructure that provides integrated digital asset solutions for global investors and institutions. The Bahrain approval represents another step in the company’s stated goal of establishing itself as a leading global digital asset financial platform that drives convergence between traditional finance and the digital assets ecosystem.

For investors seeking additional information about the company, the latest news and updates relating to SWIN are available in the company’s newsroom at https://ibn.fm/SWIN. The press release announcing this development was distributed through InvestorWire, a specialized communications platform that is part of the Dynamic Brand Portfolio at IBN, which provides wire-grade press release syndication and other corporate communications services. More information about InvestorWire is available at https://www.InvestorWire.com.

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