Solowin Holdings' AX Coin signs MoU with BBK for stablecoin infra

Solowin Holdings announced that its regulated stablecoin issuer, AX Coin Bahrain B.S.C. Closed, has signed a non-binding Memorandum of Understanding with Bank of Bahrain and Kuwait (BBK). This collaboration aims to explore the development of regulated stablecoin infrastructure to support institutional payments, treasury operations, and cross-border settlement. The partnership leverages BBK's banking expertise and AX Coin's digital asset infrastructure to create secure, compliant, and scalable financial solutions, addressing the growing institutional demand for efficient digital finance.