Solowin’s AX Coin Gains Bahrain’s First In-Principle Stablecoin License

Solowin Holdings ( (AXG) ) just unveiled an update.

On January 28, 2026, Solowin announced that AlloyX subsidiary AX Coin secured in-principle approval from the Central Bank of Bahrain to become the first stablecoin issuer licensed in the kingdom, positioning the company to launch a regulated token and extend its MEA stablecoin ecosystem once final authorization is granted. The regulatory milestone bolsters Solowin’s foothold in compliant digital asset services, potentially accelerating adoption across Middle East and African markets while reinforcing the firm’s strategy of bridging traditional finance with digital currencies.

The most recent analyst rating on (AXG) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Solowin Holdings stock, see the AXG Stock Forecast page.

Spark’s Take on AXG Stock

According to Spark, TipRanks’ AI Analyst, AXG is a Neutral.

Overall score is held down primarily by weak financial performance (declining revenues, ongoing losses, and negative operating/free cash flow). Technicals are comparatively strong with an uptrend across major moving averages and positive MACD, but valuation remains pressured due to negative earnings and no dividend yield data.

To see Spark’s full report on AXG stock, click here.

More about Solowin Holdings

Solowin Holdings (NASDAQ: AXG) is a Hong Kong-headquartered financial technology firm that integrates traditional and decentralized finance by offering digital currency payments, asset tokenization, and stablecoin infrastructure through subsidiaries such as Solomon JFZ, AlloyX Group, and AX Coin, targeting global institutional and high-net-worth clients with compliant multi-jurisdictional platforms.

Average Trading Volume: 786,152

Technical Sentiment Signal: Buy

Current Market Cap: $781M

For an in-depth examination of AXG stock, go to TipRanks’ Overview page.