MoUMay 27, 2026, 07:32 AM
Solowin Holdings Subsidiary AX Coin Signs MoU with BENEFIT
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 The Benefit Company B.S.C. (C) (BENEFIT), Bahrain's national electronic financial transactions hub. The MoU aims to jointly explore how stablecoin technology could complement Bahrain's national payments ecosystem, building on AX Coin's in-principle approval from the Central Bank of Bahrain. This strategic collaboration is intended to position Bahrain at the forefront of regulated digital asset innovation and enhance cross-border transactions.
Key Highlights
- AX Coin, a Solowin Holdings subsidiary, signed a non-binding MoU with The Benefit Company (BENEFIT).
- The MoU establishes a framework to explore integrating stablecoin technology into Bahrain's national payments ecosystem.
- AX Coin has received in-principle approval from the Central Bank of Bahrain for stablecoin issuance.
- The collaboration supports BENEFIT's strategy to evolve national payment solutions and internationalize its services.
- This initiative follows a strategic partnership between AXG and Bahrain FinTech Bay (a BENEFIT subsidiary) in February 2026.
- The partnership aims to position the region as a leader in regulated digital asset innovation and real-time global payments.
Price Impact
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