Core Insights - SOLOWIN HOLDINGS has received an In-Principle Approval letter for a stablecoin license from the Central Bank of Bahrain for its subsidiary AX Coin, pending final regulatory approval [1][2] Company Overview - SOLOWIN HOLDINGS (NASDAQ: AXG) is a leading financial technology firm established in 2016, focusing on bridging traditional and decentralized finance through secure and compliant financial infrastructure [2] - The company operates through its subsidiaries, including AlloyX Group and AX Coin, and offers integrated digital asset solutions for global investors and institutions [2] - The firm is backed by prominent international institutional investors and aims to manage compliant and transparent digital assets closely linked to the real economy [2] Strategic Goals - The company aims to launch a compliant stablecoin within the regulatory framework and expand AlloyX Group's stablecoin ecosystem across the Middle East and Africa (MEA) region and beyond [2]

Core Insights - SOLOWIN HOLDINGS has received an In-Principle Approval letter for a stablecoin license from the Central Bank of Bahrain for its subsidiary AX Coin, pending final regulatory approval [1][2] Company Overview - SOLOWIN HOLDINGS (NASDAQ: AXG) is a leading financial technology firm established in 2016, focusing on bridging traditional and decentralized finance through secure and compliant financial infrastructure [2] - The company operates through its subsidiaries, including AlloyX Group and AX Coin, and offers integrated digital asset solutions for global investors and institutions [2] - The firm is backed by prominent international institutional investors and aims to manage compliant and transparent digital assets that are closely linked to the real economy [2] Strategic Goals - The company aims to launch a compliant stablecoin within the regulatory framework and expand AlloyX Group's stablecoin ecosystem across the Middle East and Africa (MEA) region and beyond [2]

Group 1 - AX Coin, a stablecoin issuer under Huaying Group, has received preliminary approval for a stablecoin license from the Central Bank of Bahrain, pending final approval [1] - The Central Bank of Bahrain has established a regulatory framework for stablecoin issuance, which will be officially released in July 2025, marking the first systematic regulation in the Gulf region [1] - All stablecoin issuers are required to obtain official licenses and must be strictly pegged to a single fiat currency, including the Bahraini Dinar (BHD) or the US Dollar (USD) [1] Group 2 - Each stablecoin must be backed by high-quality, low-risk, and liquid reserve assets at a 1:1 ratio [1] - The Bahraini stablecoin license allows for a "yield-bearing stablecoin" model, indicating potential for innovative financial products in the region [1]

Core Viewpoint - Solowin Holdings is undergoing a significant transformation by focusing on Web3 business through the acquisition of AlloyX Limited and the development of AX Coin, which positions the company at the forefront of asset tokenization and global digital payments [1][3]. Company Developments - The company's Class A ordinary shares will begin trading under the new ticker symbol "AXG" on Nasdaq effective October 10, 2025, reflecting its strategic shift [1]. - Solowin's subsidiary, Solomon JFZ (Asia) Holding Limited, has obtained upgraded crypto licenses from the Hong Kong Securities & Futures Commission and is actively participating in the spot BTC/ETH ETFs market [2]. - The acquisition of AlloyX in September 2025 combines Solowin's traditional finance strengths with AlloyX's technological innovations, creating a compliant ecosystem that bridges traditional finance and the crypto economy [6]. Strategic Initiatives - The company plans to launch a USD 100 million ecosystem fund, AX Venture, aimed at accelerating innovation in the digital asset landscape, focusing on stablecoin infrastructure and tokenization technology [3]. - AX Coin is being developed as a next-generation payment instrument to enhance cross-border payment efficiency and promote a compliant ecosystem [6]. - The launch of the Ferion RWA platform provides end-to-end digital asset solutions, including tokenization and compliance management [6]. Leadership Insights - The CEO of Solowin emphasized that the new ticker "AXG" embodies the company's vision and strategic direction, aiming to capture opportunities in the evolving digital finance landscape [3][4].