AX Coin Bahrain B.S.C. (c) (“AX Coin”), the stablecoin issuer under SOLOWIN HOLDINGS, announced the signing of a non-binding Memorandum of Understanding (“MOU”) with Infinios Financial Services B.S.C. (c) (“INFINIOS”), a leading fintech company in the Gulf Cooperation Council. The collaboration focuses on developing regulated wallet infrastructure and digital payment solutions to advance the adoption of stablecoins.

This partnership establishes a foundational framework for digital asset integration, centered on a comprehensive, regulated wallet stack. Under the MOU, AX Coin—which has received in-principle approval from the Central Bank of Bahrain—will plug directly into INFINIOS’ payments infrastructure. It will allow the parties to enable custodial and non‑custodial wallet solutions through regulated third‑party and partner frameworks, multi-currency virtual accounts, and seamless fiat on/off ramps for stablecoins.

The integration is designed to bridge the gap between traditional banking and digital assets, providing institutional clients with a single, compliant environment to manage the entire lifecycle of their digital positions. By linking client fiat balances held with regulated banking partners to AX Coin settlement flows, the platform is expected to enable real-time settlement, business-to-business (B2B) cross-border payments, and dedicated pay-in/pay-out solutions that connect digital assets to global banking ecosystems.

To ensure institutional-grade utility, the collaboration includes full application programming interface (API) integration and robust reporting, reconciliation, and analytics. Beyond the underlying technology, the partnership will focus on the strategic distribution of AX Coin across institutional, merchant, and retail channels. The result is a unified user experience where clients can fund accounts, hold digital assets via integrated wallet solutions, settle transactions, and move funds end-to-end without friction, setting a new benchmark for regulated stablecoin applications globally.

Xavier George, Managing Director of AlloyX Limited and CEO of AX Coin, said: “Wallets are how AX Coin reaches the real economy. Our partnership with INFINIOS builds the regulated wallet rail that lets institutional clients hold stablecoins through multi-currency virtual accounts, and settle in real time across borders. By combining AX Coin’s regulated infrastructure with INFINIOS’ payment expertise, we are well-positioned to deliver next-generation digital payment solutions that drive financial innovation in the region.”

Sherif Abdelsalam, CEO of INFINIOS, added: “We are pleased to partner with AX Coin to advance stablecoin adoption in a regulated and scalable manner. This collaboration aligns with our strategy to bridge traditional payment systems with emerging digital financial infrastructure. Together, we look forward to driving tangible value for our clients by delivering faster, more cost-effective, and more secure payment solutions across the Gulf region and beyond.”

The strategic partnership between AX Coin and INFINIOS aims to redefine the digital finance landscape by establishing a robust framework for regulated stablecoin integration. By combining compliant issuance with advanced wallet and payment infrastructure, the two firms aim to set a new regional benchmark for how regulated stablecoins are held, moved, and settled.