SOLOWIN HOLDINGS (NASDAQ: AXG) announced that its AX Coin stablecoin subsidiary has signed a non-binding memorandum of understanding with INFINIOS to develop regulated wallet infrastructure and digital payment solutions aimed at accelerating stablecoin adoption across the Gulf region. The collaboration is expected to integrate AX Coin into INFINIOS’ payments infrastructure, enabling compliant custodial and non-custodial wallet solutions, multi-currency virtual accounts, fiat on/off ramps, and real-time cross-border settlement capabilities for institutional clients. This partnership marks a significant step toward bridging traditional finance with blockchain-based digital assets in a region that has shown increasing interest in cryptocurrency and stablecoin adoption.
The importance of this announcement lies in its potential to streamline cross-border transactions and provide regulated digital payment options for institutional clients in the Gulf Cooperation Council (GCC) countries. By combining AX Coin's stablecoin technology with INFINIOS' payment infrastructure, the collaboration could reduce transaction costs and settlement times for businesses operating across borders. This is particularly relevant for the Gulf region, which has a high volume of international trade and remittances. The integration of compliant wallet solutions and fiat on/off ramps addresses key barriers to stablecoin adoption, including regulatory compliance and ease of conversion between digital and traditional currencies.
For SOLOWIN HOLDINGS, this partnership aligns with its mission of “Mobilizing Tokens 24/7” and expands its footprint in the Middle East. The company, established in 2016, operates a fully compliant dual-token digital economy super platform, combining blockchain and artificial intelligence technologies. Its offerings span stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services including cloud infrastructure, Know-Your-Agent verification, and token router. Through its integrated ecosystem, including AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR, AXG empowers global institutions and investors to capitalize on the rapid growth of the dual-token economy.
The Gulf region has been actively exploring digital currencies, with several central banks launching pilot programs for central bank digital currencies (CBDCs) and regulatory frameworks being developed for stablecoins. This partnership positions AX Coin to tap into this growing market, potentially setting a precedent for regulated stablecoin use in the region. For investors and industry observers, this development signals a move toward more institutional-grade stablecoin infrastructure, which could lead to broader acceptance and integration of digital assets in traditional financial systems.
For more information, visit the Company’s website at https://www.alloyx.com or Investor Relations webpage at https://ir.alloyx.com.
