SOLOWIN HOLDINGS Subsidiary Receives Stablecoin License Approval from Central Bank of Bahrain
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
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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.
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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.
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SOLOWIN HOLDINGS' AX COIN RECEIVES IN-PRINCIPLE LICENSE APPROVAL AS BAHRAIN'S FIRST STABLECOIN ISSUER FROM THE CENTRAL BANK
SAX Coin Approval: Solowin Holdings' SAX Coin has received in-principle licensing approval from the Central Bank of Bahrain.
First Stablecoin Issuer: This marks Solowin Holdings as the first stablecoin issuer to be granted such approval in Bahrain.
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