MoUMay 5, 2026, 04:07 PM
Solowin Holdings' AX Coin Signs MoU with Singapore Gulf Bank
AI Summary
Solowin Holdings announced that its stablecoin issuance subsidiary, AX Coin Bahrain B.S.C. (C), has signed a non-binding Memorandum of Understanding (MOU) with Singapore Gulf Bank (SGB). This strategic partnership aims to deepen cooperation on stablecoin infrastructure, cross-border payments, and digital asset initiatives, marking a significant step in expanding regulated stablecoin applications across Asia and the Middle East. The collaboration will focus on integrating AX Coin's compliant infrastructure with SGB's banking networks to develop next-generation digital payment solutions for institutional clients.
Key Highlights
- AX Coin, Solowin Holdings' stablecoin subsidiary, signed a non-binding Memorandum of Understanding (MOU) with Singapore Gulf Bank (SGB).
- The MOU aims to deepen cooperation on stablecoin infrastructure, cross-border payments, and digital asset initiatives.
- This partnership is a major milestone for expanding regulated stablecoin applications in Asia and the Middle East.
- Key areas of cooperation include integrating AX Coin's compliant stablecoin infrastructure with SGB's banking and payment networks.
- Both parties will explore stablecoin-based cross-border settlement solutions.
- The MOU also covers joint development of treasury management frameworks for digital assets.
- They will co-create institutional-grade payment rails to serve corporate and institutional clients.
Price Impact
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