Bahrain regulated stablecoin issuer AX Coin and ARP Digital partner for liquidity and settlement

Bahrain regulated AX Coin, a Subsidiary of AXG (Solowin Holdings), has partnered with UAE and Bahrain regulated ARP Digital on Institutional Liquidity and Settlement which will connect regulated stablecoin infrastructure with institutional OTC liquidity and settlement rails across GCC and International markets. The partnership will initially focus on Bahrain and UAE.

As the first licensed stablecoin issuer regulated by the Central Bank of Bahrain and the world’s first Sharia-compliant stablecoin, AX Coin brings a fully regulated issuance and reserve infrastructure to the partnership. ARP Digital contributes its institutional OTC desk, on- and off-ramp conversion capabilities, and international corridor settlement rails. Together, the collaboration aims to bring AX Coin on-chain, enable greater interoperability with other stablecoin ecosystems, and deliver faster, more efficient, and compliant cross-border value movement for corporates, financial institutions, payment fintechs, and payment service providers.

The two entities plan to expand across additional markets and continents. Together, AX Coin and ARP Digital will support corporates, financial institutions, payment fintechs, PSPs and other institutional participants seeking faster, more efficient and compliant ways to move and settle value across borders.

Xavier George, Managing Director of AXG (Solowin Holdings) and CEO of AX Coin, commented that the collaboration brings regulated digital money and real-world payment and liquidity infrastructure together to make AX Coin usable across the flows that corporates and payment fintechs already depend on, while enabling faster, more transparent and more cost-efficient cross-border settlement.

Abdulla Kanoo, Co-Founder & Co-CEO of ARP Digital, added, that ARP Digital was built to connect global digital capital with the financial rails of the GCC.