Table of Contents
MANAMA, Bahrain — AlloyX Limited, a subsidiary of Nasdaq-listed Solowin Holdings (Nasdaq: AXG), has announced a strategic partnership with Bahrain FinTech Bay to accelerate innovation and adoption of regulated stablecoin applications, further strengthening Bahrain’s position as a regional hub for digital finance.
The Partnership
Under the collaboration, AlloyX will work within Bahrain FinTech Bay’s innovation ecosystem alongside global and regional payments and technology partners to explore next-generation stablecoin application scenarios. The partnership aligns with AlloyX’s ongoing efforts to secure regulatory approval for its stablecoin and subsequent market launch in Bahrain.
Dr. Thomas Zhu, Co-Founder and CEO of AlloyX, stated: “This partnership with Bahrain FinTech Bay aligns closely with our vision for the future of digital finance. We are committed to building compliant and scalable stablecoin solutions in Bahrain, driving tangible benefits for the GCC region and its global counterparts.”
Xavier George, Managing Director of AlloyX, added: “As we accelerate our leadership position in the region, this strategic collaboration lays a strong foundation for future innovations to come. We appreciate the amazing support from the Bahrain FinTech Bay leadership team as we progress toward the launch of our stablecoin.”
Strategic Context
Bahrain has positioned itself as a regional leader in fintech innovation, with Bahrain FinTech Bay serving as the Kingdom’s premier ecosystem builder since its founding in 2018. The partnership represents another step in the country’s effort to attract digital finance companies and establish itself as a testing ground for regulated blockchain applications.
About the Companies
AlloyX Limited operates as a bridge between traditional finance and the digital assets ecosystem, offering services across stablecoin payments, tokenization, digital brokerage, and on-chain financial infrastructure. The company integrates traditional brokerage and banking systems with blockchain technology to deliver secure, auditable digital financial solutions for institutions.
Bahrain FinTech Bay, a subsidiary of The BENEFIT Company, serves as the Kingdom’s leading ecosystem builder, incubating fintech initiatives through innovation labs, acceleration programs, and curated activities. It fosters connectivity between government bodies, financial institutions, corporations, and fintech startups to advance Bahrain’s digital transformation vision.
