Solowin Holdings Ltd. $(AXG)$ announced that its subsidiary, AlloyX Group, has received an In-Principle Approval letter for a stablecoin license from the Central Bank of Bahrain. This approval, which is subject to final regulatory clearance, allows AX Coin, the stablecoin issuance entity under AlloyX Group, to move forward with plans to launch a compliant stablecoin within Bahrain’s regulatory framework. The company intends to expand its stablecoin ecosystem across the Middle East and Africa region. No other beneficiary organizations were mentioned in the announcement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Solowin Holdings Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9644396) on January 28, 2026, and is solely responsible for the information contained therein.