Curated News
By: NewsRamp Editorial Staff
January 28, 2026
Solowin's AX Coin Gains Bahrain Stablecoin License Approval, Expanding Digital Finance
TLDR
- Solowin's subsidiary AX Coin gains in-principle approval for a stablecoin license in Bahrain, positioning it for first-mover advantage in Middle Eastern and African digital finance markets.
- AX Coin, under Solowin's AlloyX Group, secured in-principle approval from Bahrain's central bank after months of regulatory engagement, enabling compliant stablecoin issuance within Bahrain's framework.
- This regulatory approval supports Solowin's expansion of compliant stablecoins, potentially improving financial inclusion and secure digital payments across the Middle East, Africa, and globally.
- Solowin's AX Coin received Bahrain's in-principle stablecoin license approval, bridging traditional and digital finance with a focus on tokenization and global payments since 2016.
Impact - Why it Matters
This development matters because it represents a key step in the global legitimization and regulation of stablecoins, which are crucial for the growth of digital finance. For investors and institutions, Solowin's regulatory approval in Bahrain signals enhanced trust and compliance in the often-volatile crypto space, potentially reducing risks associated with digital asset transactions. It also opens up new opportunities in the Middle East and Africa, regions with growing fintech adoption, by providing a stable, regulated payment solution that can facilitate cross-border trade and financial inclusion. As stablecoins become more integrated into traditional finance, such approvals pave the way for broader acceptance and innovation, impacting everything from remittances to corporate treasury management.
Summary
Solowin Holdings (NASDAQ: AXG), a global financial technology company, has achieved a significant regulatory milestone as its subsidiary AlloyX Group's stablecoin issuance entity, AX Coin, received an in-principle approval letter for a stablecoin license from the Central Bank of Bahrain. This approval, which follows months of regulatory engagement and is subject to final regulatory approval, positions the company to launch a compliant stablecoin within Bahrain's framework, supporting the expansion of its stablecoin ecosystem across the Middle East and Africa region and internationally. The company, founded in 2016 and backed by leading international institutional investors, operates through key subsidiaries including Solomon JFZ (Asia) Holdings Limited, which is licensed by Hong Kong's Securities and Futures Commission (SFC), and focuses on bridging traditional and decentralized finance with services like global stablecoin payments, corporate treasury, private wealth management, and tokenization as a service.
To view the full press release, visit the provided link, which is part of the InvestorBrandNetwork's Dynamic Brand Portfolio. InvestorWire, a specialized communications platform within this network, offers advanced wire-grade press release syndication, article and editorial syndication to over 5,000 outlets, enhanced press release enhancement, social media distribution via IBN to millions of followers, and tailored corporate communications solutions. This news underscores Solowin's commitment to establishing itself as a leading global digital asset financial platform, driving the seamless convergence of traditional finance and the digital assets ecosystem, as detailed in the company's newsroom and other resources available through the InvestorWire platform.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Solowin's AX Coin Gains Bahrain Stablecoin License Approval, Expanding Digital Finance
