Curated News
By: NewsRamp Editorial Staff
January 28, 2026
Solowin's AX Coin Gets Bahrain Stablecoin License Approval
TLDR
- Solowin's subsidiary AX Coin gains in-principle approval for a stablecoin license in Bahrain, positioning the company for first-mover advantage in the Middle East and Africa region.
- AX Coin's approval follows months of regulatory engagement with Bahrain's central bank, enabling the launch of a compliant stablecoin within the country's established regulatory framework.
- This approval supports Solowin's expansion of a compliant stablecoin ecosystem, potentially improving financial inclusion and secure digital payments across the Middle East and Africa.
- Solowin's fintech bridge between traditional and digital assets advances as its stablecoin entity secures a key regulatory milestone from the Central Bank of Bahrain.
Impact - Why it Matters
This regulatory approval represents a significant step in legitimizing and expanding stablecoin adoption in the Middle East and Africa region. For investors and financial institutions, it signals growing regulatory acceptance of digital assets in key markets, potentially paving the way for more efficient cross-border payments and financial inclusion. The development matters because stablecoins backed by proper licensing can reduce volatility concerns associated with cryptocurrencies while offering faster, cheaper international transactions compared to traditional banking systems. As more jurisdictions establish clear regulatory frameworks for stablecoins, we may see accelerated mainstream adoption of digital assets in global finance, potentially transforming how businesses and individuals conduct international transactions and manage digital wealth.
Summary
Solowin Holdings (NASDAQ: SWIN), a global financial technology company that bridges traditional and digital assets, has achieved a significant regulatory milestone through its subsidiary AlloyX Group. The company's stablecoin issuance entity, AX Coin, has received an in-principle approval letter for a stablecoin license from the Central Bank of Bahrain, subject to final regulatory approval. This development follows months of regulatory engagement and positions AlloyX Group to launch a compliant stablecoin within Bahrain's established regulatory framework, supporting the expansion of its stablecoin ecosystem across the Middle East and Africa region and internationally.
Founded in 2016, SOLOWIN HOLDINGS operates as a leading fintech firm focused on digital currency payments and asset tokenization. The company leverages its Hong Kong Securities and Futures Commission (SFC)-licensed subsidiary Solomon JFZ (Asia) Holdings Limited, along with other key subsidiaries like AlloyX Group and AX Coin, to build a multi-jurisdictional, vertically integrated financial platform. This platform encompasses global stablecoin payments, corporate treasury and private wealth management, and tokenization as a service. Backed by leading international institutional investors, the company manages compliant digital assets connected to the real economy and aims to establish itself as a premier global digital asset financial platform driving convergence between traditional finance and digital ecosystems.
The announcement was distributed through InvestorWire, a specialized communications platform within the Dynamic Brand Portfolio at IBN that provides advanced wire-grade press release syndication for companies and the investment community. InvestorWire offers services including article and editorial syndication to over 5,000 outlets, enhanced press release features, social media distribution via IBN to millions of followers, and tailored corporate communications solutions. For more details, readers can view the full press release at the provided link or visit the company's newsroom for the latest updates relating to SWIN.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Solowin's AX Coin Gets Bahrain Stablecoin License Approval
