SOLOWIN HOLDINGS (NASDAQ: AXG) announced that its stablecoin issuance subsidiary, AX Coin Bahrain B.S.C. (c), has received approval from the Central Bank of Bahrain to conduct stablecoin issuer activities. According to the company, AX Coin is the first entity licensed under the regulator’s stablecoin framework, positioning it among a select group of stablecoin issuers operating under sovereign central bank oversight.
The approval provides a regulated foundation for expanding stablecoin-based financial infrastructure and supports the integration of digital assets into payments and settlement systems. Company executives said the license will enable AX Coin to scale compliant stablecoin operations globally while supporting institutional adoption and programmable digital payment ecosystems.
SOLOWIN HOLDINGS, established in 2016, combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform. Its offerings span stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services including cloud infrastructure, Know-Your-Agent verification, and token router.
The Central Bank of Bahrain's stablecoin framework is part of a broader regulatory push to provide clear guidelines for digital assets, which is expected to boost institutional confidence and adoption. This milestone positions AX Coin to leverage the regulatory clarity in Bahrain to attract partners and clients seeking compliant stablecoin solutions.
For more information on the full press release, visit https://ibn.fm/GmoUR. For the latest news and updates relating to AXG, visit the company’s newsroom at https://ibn.fm/AXG.
