MANAMA, Bahrain, February 15, 2026 — AlloyX Limited (the “Company” or “AlloyX”) today unveiled a strategic alliance with Bahrain FinTech Bay aimed at fostering innovation and accelerating the uptake of regulated stablecoin solutions, further solidifying Bahrain’s position as a regional hub for digital finance.
Xavier George, AlloyX’s Managing Director (left), and Bader Sater, Chief Executive Officer of Bahrain FinTech Bay (right)
As part of this collaboration, AlloyX will partner with Bahrain FinTech Bay’s innovation ecosystem—alongside leading global and regional payments and technology partners—to explore and develop next-gen stablecoin use cases. This alliance aligns with AlloyX’s ongoing efforts to secure regulatory approval and subsequent market launch of its stablecoin.
Dr. Thomas Zhu, Co-Founder and CEO of AlloyX, stated: “This partnership with Bahrain FinTech Bay closely aligns with our vision for the future of digital finance. We are committed to building compliant, scalable stablecoin solutions in Bahrain that deliver tangible benefits to the GCC region and its global partners.”
Xavier George, Managing Director of AlloyX, added:
“As we strengthen our leadership position in the region, this strategic collaboration lays a solid foundation for upcoming innovations. We are grateful for the exceptional support from the Bahrain FinTech Bay leadership team as we progress toward launching our stablecoin.”
Group photo of representatives from Bahrain FinTech Bay and AlloyX Limited
About AlloyX Limited:
AlloyX Limited, a subsidiary of Solowin Holdings (Nasdaq: AXG), acts as a bridge between traditional finance and the digital assets ecosystem as a global integrated financial services institution. The company operates across stablecoin payments, tokenization services, digital brokerage, and on-chain financial infrastructure. By integrating traditional brokerage and banking systems with blockchain technology, AlloyX delivers secure, efficient, and auditable digital financial solutions for institutions. Backed by leading international investors, we are building next-generation digital financial infrastructure that empowers the global transition toward a regulated digital economy.
For more information, visit the Company’s website at or please visit: .
About Bahrain FinTech Bay (BFB):
Founded in 2018, Bahrain FinTech Bay (BFB) is the Kingdom’s leading ecosystem builder, dedicated to advancing innovation and collaboration across financial services. It incubates impactful, scalable fintech initiatives through innovation labs, acceleration programs, curated activities, and educational opportunities.
As an ecosystem builder, BFB plays a pivotal role in driving the growth and maturity of Bahrain’s fintech ecosystem by fostering connectivity between government bodies, financial institutions, corporates, consultancy firms, universities, associations, venture capital firms, and fintech startups. Through its ecosystem-building initiatives, BFB continues to support the Kingdom’s vision to position Bahrain as a regional hub for fintech innovation and digital transformation.
Bahrain FinTech Bay is a subsidiary of The BENEFIT Company.
For more information, please visit BFB’s website: .
Contact
Charlotte Qi
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