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FAQ: Solowin Holdings' Subsidiary Receives In-Principle Stablecoin License Approval from Bahrain Central Bank
TL;DR
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.
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Solowin Holdings announced that AX Coin, the stablecoin issuance entity under its AlloyX Group subsidiary, has received an in-principle approval letter for a stablecoin license from the Central Bank of Bahrain, subject to final regulatory approval.
This approval positions AlloyX Group to pursue the launch of a compliant stablecoin within Bahrain's regulatory framework, supporting the expansion of its stablecoin ecosystem across the Middle East and Africa region and internationally.
The approval followed several months of regulatory engagement with the Central Bank of Bahrain.
Solowin Holdings (NASDAQ: SWIN), its subsidiary AlloyX Group, and AX Coin (the stablecoin issuance entity under AlloyX Group) are involved, with approval granted by the Central Bank of Bahrain.
Solowin Holdings is a global financial technology firm focused on digital currency payments and asset tokenization, bridging traditional and decentralized finance through secure, efficient, and compliant financial infrastructure.
Key subsidiaries include Solomon JFZ (Asia) Holdings Limited (licensed by Hong Kong's SFC), AlloyX Group, and AX Coin, which together form a multi-jurisdictional, vertically integrated financial platform.
The latest news and updates relating to SWIN are available in the company's newsroom at https://ibn.fm/SWIN.
The platform encompasses global stablecoin payments, corporate treasury and private wealth management, and tokenization as a service, managing compliant digital assets connected to the real economy.
Curated from InvestorBrandNetwork (IBN)
