Solowin Holdings' AX Coin receives in-principle stablecoin license approval from Bahrain's central bank, expanding compliant digital asset infrastructure in MiddleSolowin Holdings' AX Coin receives in-principle stablecoin license approval from Bahrain's central bank, expanding compliant digital asset infrastructure in Middle

Solowin Holdings Subsidiary Receives In-Principle Stablecoin License Approval from Bahrain Central Bank

2026/01/28 22:25
3 min read

Solowin Holdings, a financial technology company trading on NASDAQ under the ticker SWIN, announced that its subsidiary AlloyX Group’s stablecoin issuance entity, AX Coin, has received an in-principle approval letter for a stablecoin license from the Central Bank of Bahrain. This approval is subject to final regulatory clearance and follows several months of regulatory engagement between the company and Bahraini authorities.

The in-principle approval positions AlloyX Group to pursue the launch of a compliant stablecoin within Bahrain’s regulatory framework. This development supports the expansion of Solowin’s stablecoin ecosystem across the Middle East and Africa region and internationally. The company views this regulatory milestone as significant for its broader strategy of bridging traditional and digital assets through compliant financial infrastructure.

Solowin Holdings describes itself as a global financial technology firm focused on digital currency payments and asset tokenization. Founded in 2016, the company has developed what it calls a multi-jurisdictional, vertically integrated, enterprise-grade financial platform. This platform encompasses global stablecoin payments, corporate treasury and private wealth management, and tokenization as a service.

The company leverages its Hong Kong Securities and Futures Commission-licensed subsidiary Solomon JFZ (Asia) Holdings Limited, along with other key subsidiaries including AlloyX Group and AX Coin. According to the company, it manages compliant and transparent digital assets that are closely connected to the real economy and is backed by leading international institutional investors.

Solowin’s commitment to regulatory compliance across different jurisdictions appears central to its business model. The company states it is dedicated to building secure, efficient, and compliant financial infrastructure that provides integrated digital asset solutions for global investors and institutions. The Bahrain approval represents another step in the company’s stated goal of establishing itself as a leading global digital asset financial platform that drives convergence between traditional finance and the digital assets ecosystem.

For investors seeking additional information about the company, the latest news and updates relating to SWIN are available in the company’s newsroom at https://ibn.fm/SWIN. The press release announcing this development was distributed through InvestorWire, a specialized communications platform that is part of the Dynamic Brand Portfolio at IBN, which provides wire-grade press release syndication and other corporate communications services. More information about InvestorWire is available at https://www.InvestorWire.com.

Blockchain Registration, Verification & Enhancement provided by NewsRamp™

This news story relied on content distributed by InvestorBrandNetwork (IBN). Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is Solowin Holdings Subsidiary Receives In-Principle Stablecoin License Approval from Bahrain Central Bank.

The post Solowin Holdings Subsidiary Receives In-Principle Stablecoin License Approval from Bahrain Central Bank appeared first on citybuzz.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

The post Fed forecasts only one rate cut in 2026, a more conservative outlook than expected appeared on BitcoinEthereumNews.com. Federal Reserve Chairman Jerome Powell talks to reporters following the regular Federal Open Market Committee meetings at the Fed on July 30, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve is projecting only one rate cut in 2026, fewer than expected, according to its median projection. The central bank’s so-called dot plot, which shows 19 individual members’ expectations anonymously, indicated a median estimate of 3.4% for the federal funds rate at the end of 2026. That compares to a median estimate of 3.6% for the end of this year following two expected cuts on top of Wednesday’s reduction. A single quarter-point reduction next year is significantly more conservative than current market pricing. Traders are currently pricing in at two to three more rate cuts next year, according to the CME Group’s FedWatch tool, updated shortly after the decision. The gauge uses prices on 30-day fed funds futures contracts to determine market-implied odds for rate moves. Here are the Fed’s latest targets from 19 FOMC members, both voters and nonvoters: Zoom In IconArrows pointing outwards The forecasts, however, showed a large difference of opinion with two voting members seeing as many as four cuts. Three officials penciled in three rate reductions next year. “Next year’s dot plot is a mosaic of different perspectives and is an accurate reflection of a confusing economic outlook, muddied by labor supply shifts, data measurement concerns, and government policy upheaval and uncertainty,” said Seema Shah, chief global strategist at Principal Asset Management. The central bank has two policy meetings left for the year, one in October and one in December. Economic projections from the Fed saw slightly faster economic growth in 2026 than was projected in June, while the outlook for inflation was updated modestly higher for next year. There’s a lot of uncertainty…
Share
BitcoinEthereumNews2025/09/18 02:59
Rap Star Drake Uses Stake to Wager $1M in Bitcoin on Patriots Despite Super Bowl LX Odds

Rap Star Drake Uses Stake to Wager $1M in Bitcoin on Patriots Despite Super Bowl LX Odds

Drake has never been shy about betting big, but on the eve of Super Bowl LX, the global music star took it up another notch by placing a $1 million wager on the
Share
Coinstats2026/02/09 04:00
Milk & Mocha $HUGS Whitelist: Key Details on the 2025 Presale

Milk & Mocha $HUGS Whitelist: Key Details on the 2025 Presale

In crypto presales, early participants often gain access to lower entry prices before later rounds increase costs. That’s why all eyes are on Milk & Mocha ($HUGS) right now. With The post Milk & Mocha $HUGS Whitelist: Key Details on the 2025 Presale appeared first on CryptoNinjas.
Share
Crypto Ninjas2025/09/18 21:44