Bahrain’s central bank issues Solowin a full license for stablecoins

SOLOWIN HOLDINGS (Nasdaq: AXG) said it has secured a full stablecoin issuance license for AX Coin Bahrain B.S.C. (c) from the Central Bank of Bahrain, alongside Sharia-compliant certification, and outlined an ambitious AI and high-performance computing (HPC) expansion that targets more than 100 MW of operational capacity by 2028 with a development pipeline exceeding 1 GW across Europe, the United States and sub‑Arctic markets.

“A full stablecoin issuance license through AX Coin Bahrain B.S.C. (c), issued by the Central Bank of Bahrain, together with Sharia‑compliant stablecoin certification,” the company said in its update issued on Sept. 14, 2026, describing the regulatory milestone for its regulated digital‑asset strategy.

Context and strategic pillars

The update frames AXG’s growth as the creation of a regulated, AI‑native financial infrastructure platform spanning three core technology areas: regulated digital assets, high‑performance AI computing and quantum‑enhanced financial modeling. AXG said these capabilities will be combined into an ecosystem for payments, tokenization, wealth management and institutional financial services.

• Stablecoins and compliance: AXG noted that AX Coin Bahrain B.S.C. (c) obtained a full issuance license from the Central Bank of Bahrain and Sharia certification in 2026, positioning the firm to issue compliant stablecoins under Bahrain’s regulatory regime.
• AI/HPC expansion: AXG launched AXG Digital in August 2026, headquartered in Utah, and set a target of more than 100 MW of operational AI and HPC capacity by 2028. The company reported a development pipeline that exceeds 1 GW of potential capacity globally.
• Quantum and partnerships: AXG disclosed a non‑binding Memorandum of Understanding (MOU) with EvolveQ Limited to explore quantum‑powered financial optimization using AI, HPC and quantum computing. The company also referenced work on intelligent, agent‑driven payments through initiatives KOVAR and AGENPAY and earlier MOUs with SC Ventures to co‑develop payment technologies.

Details and corporate background

AXG traces its operating history to 2016 and has expanded from traditional financial services into regulated digital finance. The company obtained Hong Kong Securities and Futures Commission licenses, listed on Nasdaq in 2023, completed a virtual‑asset business upgrade in 2024 and acquired AlloyX Limited in 2025 to broaden tokenization and cross‑border payment capabilities. The latest regulatory approval in Bahrain and Sharia certification add a compliance layer the company highlights as core to its roadmap.

The company’s market update also noted short‑term investor reactions: AXG was reported as down 2.29% at the prior close ahead of this announcement, and a related Aug. 21 ecosystem announcement was followed historically by a 5.8% move the next trading day, which AXG cited as contextual market data rather than causal evidence.

Outlook

With regulatory clearance in Bahrain and a stated plan to scale AI and HPC capacity rapidly, AXG is positioning itself at the intersection of regulated digital payments and compute‑intensive financial services. The non‑binding MOU with EvolveQ and partnerships on agent‑driven payments indicate a near‑term focus on product integration between tokenization, payments and advanced compute for financial optimization. Execution risks remain, particularly around deploying over 1 GW of capacity and converting MOUs into commercial agreements, but the company’s stated roadmap sets clear targets for 2028 and beyond.