Bahrain, Manama, Jan. 28, 2026 — SOLOWIN HOLDINGS (NASDAQ: AXG) (“AXG” or the “Company”), a prominent financial technology company connecting traditional and digital assets, announced today that AX Coin, the stablecoin issuance unit under AlloyX Group, a major subsidiary of the Company, has secured an In-Principle Approval letter for a stablecoin license from the Central Bank of Bahrain (“CBB”), contingent upon final regulatory authorization.
Dr. Thomas Zhu, Co-Founder and Chief Executive Officer of AlloyX Group, stated: “We wish to convey our appreciation to the Central Bank of Bahrain for its direction during the past six months. We anticipate introducing a regulation-compliant stablecoin and advancing the growth of AlloyX Group’s stablecoin ecosystem throughout the Middle East and Africa (MEA) region and further.”
About SOLOWIN HOLDINGS
SOLOWIN HOLDINGS (NASDAQ: AXG) is a worldwide leader in financial technology specializing in digital currency payments and asset tokenization. Established in 2016, the Company has committed itself to connecting traditional and decentralized finance through constructing a secure, efficient, and regulation-compliant financial infrastructure that delivers comprehensive digital asset solutions to global investors and institutions. Utilizing its Hong Kong Securities and Futures Commission (SFC)-licensed subsidiary Solomon JFZ (Asia) Holdings Limited, together with other principal subsidiaries including AlloyX Group and AX Coin, the Company has built a multi-jurisdictional, vertically integrated, enterprise-level financial platform covering global stablecoin payments, corporate treasury, private wealth management, and tokenization services. Supported by prominent international institutional investors, the Company oversees compliant and transparent digital assets closely linked to the real economy. The Company is dedicated to positioning itself as a premier global digital asset financial platform, facilitating the smooth integration of traditional finance with the digital assets ecosystem.
For more information, visit the Company’s website at or investor relations webpage at .
Forward-Looking Statements
Specific statements in this announcement constitute forward-looking statements under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements entail known and unknown risks and uncertainties, and are founded on the Company’s present expectations and forecasts regarding future events that the Company anticipates may impact its financial position, operational outcomes, business strategy, and financial requirements. The Company has sought to identify these forward-looking statements through terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue,” or comparable expressions. The Company assumes no responsibility to publicly update or revise any forward-looking statements to reflect events or circumstances that occur subsequently, or changes in its expectations arising after the date hereof, except as legally mandated. These statements are exposed to uncertainties and risks, including but not restricted to, uncertainties associated with market conditions and other elements discussed in the Company’s submissions to the U.S. Securities and Exchange Commission (the “SEC”), including the “Risk Factors” section of the Company’s latest Annual Report on Form 20-F and in other reports periodically filed or furnished with the SEC. While the Company believes the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that such expectations will prove accurate, and the Company advises investors that actual outcomes may vary significantly from projected results and urges investors to examine other factors that could influence its future performance in the Company’s SEC filings, accessible for review at .
For investor and media inquiries please contact:
SOLOWIN HOLDINGS
Investor Relations Department
Email:
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email:
