AXG News & Events

Solowin (AXG) announced a partnership with Taobao Shangou, a subsidiary of Alibaba Group (BABA) and Hangzhou Bossen, to implement an innovative model integrating "high-quality carbon assets + consumer platform incentives + on-chain carbon credit circulation." This initiative establishes a replicable pathway for scaling carbon assets applications and advancing inclusive carbon reduction. Within the partnership framework, Hangzhou Bossen supplies high-quality carbon assets to Alibaba Group's food delivery platform, Taobao Shangou, where carbon benefits are embedded into the platform's incentive system. Through AXG's Ferion system, these benefits are then allocated to Taobao Shangou users as rewards based on their carbon reduction behaviors, such as opting for green delivery or making low-carbon product choices, thereby encouraging consumers to participate in emission reduction through everyday consumption.

Solowin announced that it is advancing expansion into two major East Asian markets-Korea and Japan, as a part of its ongoing strategy to further enhance its global digital asset business layout and regional market penetration. This initiative aims to fully explore growth opportunities in the region's compliant digital asset sector. Dr. Thomas Zhu, Co-Founder and Chief Executive Officer of AlloyX Group, a subsidiary of AXG, commented: "Our expansion into Korea and Japan represents both a crucial step in executing our globalization strategy, and a core move in our systematic effort to build a regional, compliance-focused bridge between traditional finance and blockchain innovation. This marks a new phase of AXG's global development strategy, characterized by rapid execution and in-depth cultivation. Moving forward, we will continue to leverage our compliance advantages and technical capabilities to unlock the vast potential of the East Asian digital asset markets."

SOLOWIN HOLDINGS 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 subject to final regulatory approval.

Solowin announced that its wholly owned subsidiary, AlloyX Limited, has entered into a strategic partnership with Quantum and Time Group, QTG. The collaboration will focus on the tokenization of revenue rights derived from QTG's established new energy projects. The two parties aim to jointly develop a benchmark project that integrates green assets with digital finance, injecting innovative momentum into the energy transition across the ASEAN region.