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SOLOWIN HOLDINGS’s AX Coin Becomes the First Stablecoin Issuer Granted In-Principle License Approval from the Central Bank of Bahrain
Bahrain, Manama, Jan. 28, 2026 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (NASDAQ: AXG) (“AXG” or the “Company”), a leading financial technology firm bridging
About this update from Solowin Holdings
[{"type":"text","content":"Bahrain, Manama, Jan. 28, 2026 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (NASDAQ: AXG) (“AXG” or the “Company”), a leading financial technology firm bridging traditional and digital assets, today announced that AX Coin, the stablecoin issuance entity under AlloyX Group, a key subsidiary of the Company, has received an In-Principle Approval letter for a stablecoin license from the Central Bank of Bahrain (“CBB”), subject to final regulatory approval. Dr. Thomas Zhu, Co-Founder and Chief Executive Officer of AlloyX Group, commented: \"We would like to express our gratitude to the Central Bank of Bahrain for its guidance over the past six months. We look forward to launching a compliant stablecoin within the regulatory framework and driving the development of AlloyX Group’s stablecoin ecosystem across the Middle East and Africa (MEA) region and beyond.\" About SOLOWIN HOLDINGS SOLOWIN HOLDINGS (NASDAQ: AXG) is a global leading financial technology firm focused on digital currency payments and asset tokenization. Founded in 2016, it has dedicated to bridging traditional and decentralized finance by building a secure, efficient and compliant financial infrastructure that provides integrated digital asset solutions for global investors and institutions. Leveraging its Hong Kong Securities and Futures Commission (SFC)-licensed subsidiary Solomon JFZ (Asia) Holdings Limited, along with other key subsidiaries such as AlloyX Group and AX Coin, the Company has developed a multi-jurisdictional, vertically integrated, enterprise-grade new financial platform encompassing global stablecoin payments, corporate treasury and private wealth management and tokenization as a service. Backed by leading international institutional investors, the Company manages compliant and transparent digital assets that are closely connected to the real economy. The Company is committed to establishing itself as a leading global digital asset financial platform, driving the seamless convergence of traditional finance and the digital assets ecosystem. For more information, visit the Company’s website at https://www.alloyx.com or investor relations webpage at https://ir.alloyx.com. Forward-Looking Statements Certain statements in this announcement are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of...