AX Coin, Backed By AXG, Granted First Stablecoin Issuer License By The Central Bank Of Bahrain

(MENAFN- GlobeNewsWire - Nasdaq) MANAMA, Bahrain, June 03, 2026 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (Nasdaq: AXG) (“AXG” or the“Company”), a leading financial technology firm bridging traditional and digital assets, today announced that AX Coin Bahrain B.S.C. (c) (“AX Coin”), the Company's stablecoin issuance entity and a key subsidiary, has been officially licensed by the Central Bank of Bahrain (“CBB”) to carry out stablecoin issuer activities. This marks a major milestone in the global regulated digital asset industry. As the first to be granted a license under the CBB's stablecoin regulatory framework, AX Coin joins a select group of globally regulated issuers under sovereign central bank oversight, reinforcing Bahrain's position as a leading hub for digital asset innovation.

Dr. Thomas Zhu, Co-Founder of AXG and Chairman of AX Coin, said:

“This CBB approval is a defining milestone for AX Coin that validates our ability to scale compliant digital financial infrastructure globally. With this regulated foundation, we are positioned to integrate stablecoins into the real-world systems, enabling institutional-grade adoption across payments and settlement.”

Xavier George, CEO of AX Coin added:

“This CBB approval is a huge win for AX Coin and for global stablecoin infrastructure, enabling trusted, programmable settlement across institutions and markets. By keeping compliance at its core, this license allows us to scale globally and build the future of agentic digital payment ecosystems.”

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