Solowin Holdings (NASDAQ: AXG) reported fiscal 2026 revenue of $28.05 million, an increase of approximately 895% from $2.82 million a year earlier, as stablecoin and fiat trading volume rose 395% to $1.04 billion and client assets under administration climbed 347% to $848.8 million. The results underscore the rapid expansion of the company’s regulated digital asset platform and its growing role in the global stablecoin economy.
The growth comes as global stablecoin market capitalization reached $311 billion in 2025 and annualized stablecoin payments reached an estimated $390 billion based on December 2025 activity, including approximately $226 billion in business-to-business payments. Those figures highlight the increasing adoption of stablecoins for commercial transactions and cross-border settlements, a market that Solowin is positioning itself to serve through its dual-token digital economy platform.
Following AX Coin Bahrain’s receipt of its full stablecoin issuer license in June 2026, AXG stated that its priorities include commercializing AXUSD and AXBHD, integrating banking and payment partners, and developing GCC-Asia and GCC-Africa payment corridors. The company’s ability to secure a full stablecoin issuer license in Bahrain gives it a regulated foothold in the Gulf region, where demand for compliant digital payment infrastructure is growing.
Chairman and CEO Ling Ngai Lok also highlighted AXG’s “license-first” approach amid evolving U.S. digital asset regulation, pointing to its central-bank oversight in Bahrain and SFC framework in Hong Kong. “When the U.S. rules land, we won’t be scrambling. We’ll be operating. Washington’s delay isn’t a threat to us. It’s runway,” Lok said. The comments reflect a strategic bet that regulatory clarity will favor operators that have already built compliance infrastructure, rather than those seeking to adapt after the fact.
For investors, the revenue surge and trading volume growth signal that Solowin’s regulated model is gaining commercial traction. The company’s dual-token approach, spanning digital asset tokens and AI tokens, aims to serve institutions and investors seeking exposure to the expanding token economy. Its integrated ecosystem includes AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR, through which it offers stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services such as cloud infrastructure, Know-Your-Agent verification, and token router.
To view the full press release, visit https://ibn.fm/YBsAi. For more information about Solowin Holdings, visit the company’s website at https://www.alloyx.com or its Investor Relations webpage at https://ir.alloyx.com. The latest news and updates relating to AXG are available in the company’s newsroom at https://ibn.fm/AXG.
The stablecoin sector’s growth trajectory, combined with Solowin’s licensed operations in Bahrain and Hong Kong, positions the company to benefit if U.S. regulators eventually provide clearer rules for digital assets. Its early compliance investments could serve as a competitive advantage, allowing it to scale payment corridors and institutional services while peers may need to pause and adjust. For the broader fintech industry, Solowin’s results offer a data point on how regulated stablecoin infrastructure can generate substantial revenue growth even before the largest market, the United States, finalizes its regulatory framework.
