AlloyX partnered with Bahrain Fintech Bay after receiving in principle approval

AlloyX Limited (the “Company” or “AlloyX”) recently partnered with Bahrain FinTech Bay, after it received its in principle approval from the Central Bank of Bahrain for its upcoming stablecoin issuance. The partnership aims to drive and accelerate the adoption of regulated stablecoin applications.

AlloyX, which is a subsidiary of Solowin Holdings listed on Nasdaq, operates as a bridge between traditional finance and digital assets ecosystem. The Company operates across stablecoin payments, tokenization service, digital brokerage, and on-chain financial infrastructure. By integrating traditional brokerage and banking systems with blockchain technology.

In depth, AllyX and Bahrain Fintech Bay will work on next generation stablecoin application scenarios in collaboration with global and regional payment and technology partners.

Dr. Thomas Zhu, Co-Founder and CEO of AlloyX, noted that the partnership with Bahrain Fintech Bay is aligned with their vision for digital finance and the building of compliant and scalable stablecoin solutions in Bahrain.

Xavier George, Managing Director of AlloyX, added, the collaboration lays the foundation for future innovations to come. He added, ” We appreciate the amazing support from the Bahrain FinTech Bay leadership team as we progress toward the launch of our stablecoin.”