Solowin Holdings Signs Strategic MOU with BENEFIT
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Solowin Holdings announced that AX Coin Bahrain, the company's stablecoin issuance entity and a key subsidiary, has signed a non-binding memorandum of understanding with The Benefit Company. "This strategic MOU with BENEFIT represents a defining step in shaping the future of payments in the region. By combining a national payments backbone with stablecoin-powered infrastructure, we are creating a platform that can seamlessly connect local economies to global financial networks," said Xavier George, managing director of AlloyX Limited and CEO of AX Coin
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About AXG
Solowin Holdings Ltd is a holding company principally engaged in the corporate financial services provision. The Company operates through four business segments. The Wealth Management Services segment provides securities brokerage and investment advisory services. The Corporate Finance Services segment provides corporate consultancy services such as initial public offering (IPO) planning and advisory as well as company secretarial services such as statutory compliance and corporate structuring. The Asset Management Services segment provides investment management, investment advisory and fund subscription services. The Virtual Assets Services segment provides virtual assets trading, cryptocurrencies, security token offering (STO) and blockchain solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SOLOWIN and BENEFIT Sign MOU for Stablecoin Collaboration
- Strategic Collaboration Framework: SOLOWIN HOLDINGS' AX Coin has signed a Memorandum of Understanding with Bahrain's national electronic financial transaction hub, BENEFIT, to jointly explore how stablecoin technology can integrate with Bahrain's national payments ecosystem, thereby driving innovation in financial infrastructure.
- Regulatory Approval Support: AX Coin has received in-principle approval from the Central Bank of Bahrain, and this collaboration is intended to facilitate deeper exploration of digital asset solutions within Bahrain's regulatory framework, enhancing compliance and transparency in the region's fintech landscape.
- Evolution of Payment Ecosystem: The CEO of BENEFIT stated that this partnership represents a significant step in exploring how Bahrain's national payment solutions can evolve alongside emerging digital asset infrastructure, aiming to enhance payment efficiency and transparency, thus modernizing financial services in the region.
- Advancement of Internationalization Strategy: This MOU is part of BENEFIT's broader internationalization strategy, aiming to evolve Bahrain's payment ecosystem through secure and scalable solutions, reinforcing its position as a leading hub for fintech innovation and digital payments in the region.
See More
AX Coin Partners with INFINIOS to Enhance Stablecoin Adoption
- Strategic Partnership: AX Coin has signed a non-binding MOU with INFINIOS to develop regulated wallet infrastructure and digital payment solutions aimed at advancing stablecoin adoption, establishing a foundational collaboration for digital asset integration.
- Technological Integration: Under the MOU, AX Coin will directly integrate with INFINIOS' payment infrastructure, enabling custodial and non-custodial wallet solutions, multi-currency virtual accounts, and seamless fiat on/off ramps, which is expected to enhance client efficiency in managing digital assets.
- Real-Time Settlement Capability: By linking client fiat balances held with regulated banks to AX Coin's settlement flows, the platform is set to enable real-time settlement and B2B cross-border payments, significantly improving transaction speed and security while driving financial innovation in the region.
- Market Expansion Potential: This collaboration combines AX Coin's compliant infrastructure with INFINIOS' payment expertise, facilitating strategic distribution of stablecoins across institutional, merchant, and retail channels, thereby setting a new benchmark for regulated stablecoin applications globally.
See More
Solowin Projects Nearly Tenfold Revenue Growth for FY 2026
- Revenue Growth Projection: Solowin expects revenue for the fiscal year ending March 31, 2026, to be between $27 million and $29 million, indicating a nearly tenfold increase year-over-year, reflecting a robust recovery in business and significant market demand.
- Net Loss Management: The anticipated net loss is projected to be between $11 million and $13 million, which, while still a loss, demonstrates the company's efforts in cost control and operational efficiency in light of rapid revenue growth.
- Improved Cash Position: As of March 31, 2026, Solowin's cash and cash equivalents are expected to rise to between $14 million and $16 million, enhancing the company's liquidity and future investment capacity to support its expansion plans.
- Optimistic Market Outlook: The strong revenue expectations and improved cash flow position suggest that Solowin has a stronger financial foundation for future market competition, potentially attracting more investor interest in its growth potential.
See More
SOLOWIN Reports Nearly Tenfold Revenue Growth for FY 2026
- Significant Revenue Growth: SOLOWIN anticipates revenue for the fiscal year ending March 31, 2026, to reach between $27 million and $29 million, representing nearly a tenfold increase year-over-year, highlighting strong market demand and business expansion in the digital asset sector.
- Net Loss Overview: Despite the substantial revenue growth, the company expects a net loss in the range of $11 million to $13 million, reflecting ongoing investments in technology, compliance, and global business expansion, indicating a commitment to its long-term growth strategy.
- Cash Flow Status: As of March 31, 2026, SOLOWIN's cash and cash equivalents are projected to increase to between $14 million and $16 million, with net cash used in operating activities primarily driven by an increase in receivables, illustrating the company's cash utilization in operations.
- Strategic Positioning: Through its dual-token strategy, SOLOWIN has further solidified its position as a compliant digital financial platform, emphasizing its market leadership amid accelerating global regulatory maturity and institutional adoption.
See More
AlloyX Partners with Bahrain FinTech Bay to Drive Stablecoin Innovation
- Strategic Partnership: AlloyX has announced a strategic partnership with Bahrain FinTech Bay to drive innovation in regulated stablecoin applications, further solidifying Bahrain's status as a regional hub for digital finance.
- Innovation Ecosystem: By collaborating with Bahrain FinTech Bay's innovation ecosystem, AlloyX will explore next-generation stablecoin application scenarios and work alongside leading global and regional payment and technology partners to enhance market competitiveness.
- Regulatory Approval Plans: This partnership aligns with AlloyX's ongoing plans to gain regulatory approval and launch its stablecoin in the market, demonstrating the company's commitment to building compliant and scalable stablecoin solutions in the GCC region.
- Foundation for Future Innovations: AlloyX's Managing Director, Xavier George, emphasized that this collaboration lays a strong foundation for future innovations, showcasing the company's determination to accelerate its leadership position in the region.
See More
Solowin Secures $100M Financing Agreement with Streeterville Capital
- Financing Agreement: Solowin (AXG) has entered into a securities purchase agreement with Streeterville Capital, LLC for up to $100 million, indicating the company's proactive approach to strengthening its digital asset initiatives and future growth potential.
- Initial Financing Closed: An initial tranche of approximately $5.415 million has already been closed, with further purchases to be made by mutual agreement, ensuring financial support for the company's expansion in stablecoin and asset tokenization operations.
- Investment in R&D: The proceeds will primarily fund the expansion of stablecoin operations, asset tokenization businesses, and R&D in AI and blockchain security technologies, highlighting the company's strategic focus on innovation and market growth.
- Stock Price Reaction: Following the financing announcement, Solowin's stock price dropped approximately 1.8% to $3.83 during pre-market trading on Thursday, reflecting market caution regarding the company's financing plans.
See More
SOLOWIN and BENEFIT Sign MOU for Stablecoin Collaboration
- Strategic Collaboration Framework: SOLOWIN HOLDINGS' AX Coin has signed a Memorandum of Understanding with Bahrain's national electronic financial transaction hub, BENEFIT, to jointly explore how stablecoin technology can integrate with Bahrain's national payments ecosystem, thereby driving innovation in financial infrastructure.
- Regulatory Approval Support: AX Coin has received in-principle approval from the Central Bank of Bahrain, and this collaboration is intended to facilitate deeper exploration of digital asset solutions within Bahrain's regulatory framework, enhancing compliance and transparency in the region's fintech landscape.
- Evolution of Payment Ecosystem: The CEO of BENEFIT stated that this partnership represents a significant step in exploring how Bahrain's national payment solutions can evolve alongside emerging digital asset infrastructure, aiming to enhance payment efficiency and transparency, thus modernizing financial services in the region.
- Advancement of Internationalization Strategy: This MOU is part of BENEFIT's broader internationalization strategy, aiming to evolve Bahrain's payment ecosystem through secure and scalable solutions, reinforcing its position as a leading hub for fintech innovation and digital payments in the region.
See More
AX Coin Partners with INFINIOS to Enhance Stablecoin Adoption
- Strategic Partnership: AX Coin has signed a non-binding MOU with INFINIOS to develop regulated wallet infrastructure and digital payment solutions aimed at advancing stablecoin adoption, establishing a foundational collaboration for digital asset integration.
- Technological Integration: Under the MOU, AX Coin will directly integrate with INFINIOS' payment infrastructure, enabling custodial and non-custodial wallet solutions, multi-currency virtual accounts, and seamless fiat on/off ramps, which is expected to enhance client efficiency in managing digital assets.
- Real-Time Settlement Capability: By linking client fiat balances held with regulated banks to AX Coin's settlement flows, the platform is set to enable real-time settlement and B2B cross-border payments, significantly improving transaction speed and security while driving financial innovation in the region.
- Market Expansion Potential: This collaboration combines AX Coin's compliant infrastructure with INFINIOS' payment expertise, facilitating strategic distribution of stablecoins across institutional, merchant, and retail channels, thereby setting a new benchmark for regulated stablecoin applications globally.
See More
Solowin Projects Nearly Tenfold Revenue Growth for FY 2026
- Revenue Growth Projection: Solowin expects revenue for the fiscal year ending March 31, 2026, to be between $27 million and $29 million, indicating a nearly tenfold increase year-over-year, reflecting a robust recovery in business and significant market demand.
- Net Loss Management: The anticipated net loss is projected to be between $11 million and $13 million, which, while still a loss, demonstrates the company's efforts in cost control and operational efficiency in light of rapid revenue growth.
- Improved Cash Position: As of March 31, 2026, Solowin's cash and cash equivalents are expected to rise to between $14 million and $16 million, enhancing the company's liquidity and future investment capacity to support its expansion plans.
- Optimistic Market Outlook: The strong revenue expectations and improved cash flow position suggest that Solowin has a stronger financial foundation for future market competition, potentially attracting more investor interest in its growth potential.
See More
SOLOWIN Reports Nearly Tenfold Revenue Growth for FY 2026
- Significant Revenue Growth: SOLOWIN anticipates revenue for the fiscal year ending March 31, 2026, to reach between $27 million and $29 million, representing nearly a tenfold increase year-over-year, highlighting strong market demand and business expansion in the digital asset sector.
- Net Loss Overview: Despite the substantial revenue growth, the company expects a net loss in the range of $11 million to $13 million, reflecting ongoing investments in technology, compliance, and global business expansion, indicating a commitment to its long-term growth strategy.
- Cash Flow Status: As of March 31, 2026, SOLOWIN's cash and cash equivalents are projected to increase to between $14 million and $16 million, with net cash used in operating activities primarily driven by an increase in receivables, illustrating the company's cash utilization in operations.
- Strategic Positioning: Through its dual-token strategy, SOLOWIN has further solidified its position as a compliant digital financial platform, emphasizing its market leadership amid accelerating global regulatory maturity and institutional adoption.
See More
AlloyX Partners with Bahrain FinTech Bay to Drive Stablecoin Innovation
- Strategic Partnership: AlloyX has announced a strategic partnership with Bahrain FinTech Bay to drive innovation in regulated stablecoin applications, further solidifying Bahrain's status as a regional hub for digital finance.
- Innovation Ecosystem: By collaborating with Bahrain FinTech Bay's innovation ecosystem, AlloyX will explore next-generation stablecoin application scenarios and work alongside leading global and regional payment and technology partners to enhance market competitiveness.
- Regulatory Approval Plans: This partnership aligns with AlloyX's ongoing plans to gain regulatory approval and launch its stablecoin in the market, demonstrating the company's commitment to building compliant and scalable stablecoin solutions in the GCC region.
- Foundation for Future Innovations: AlloyX's Managing Director, Xavier George, emphasized that this collaboration lays a strong foundation for future innovations, showcasing the company's determination to accelerate its leadership position in the region.
See More
Solowin Secures $100M Financing Agreement with Streeterville Capital
- Financing Agreement: Solowin (AXG) has entered into a securities purchase agreement with Streeterville Capital, LLC for up to $100 million, indicating the company's proactive approach to strengthening its digital asset initiatives and future growth potential.
- Initial Financing Closed: An initial tranche of approximately $5.415 million has already been closed, with further purchases to be made by mutual agreement, ensuring financial support for the company's expansion in stablecoin and asset tokenization operations.
- Investment in R&D: The proceeds will primarily fund the expansion of stablecoin operations, asset tokenization businesses, and R&D in AI and blockchain security technologies, highlighting the company's strategic focus on innovation and market growth.
- Stock Price Reaction: Following the financing announcement, Solowin's stock price dropped approximately 1.8% to $3.83 during pre-market trading on Thursday, reflecting market caution regarding the company's financing plans.
See More
