AX Coin partners with Singapore Gulf Bank to advance stablecoin and digital asset services in Asia and Middle East.

AX Coin, a subsidiary of Solowin Holdings, has signed a non-binding Memorandum of Understanding with Singapore Gulf Bank to collaborate on stablecoin infrastructure, cross-border payments, and digital asset initiatives. This partnership aims to integrate AX Coin’s stablecoin technology with SGB’s banking network to develop compliant payment solutions for institutional clients across Asia and the Middle East. The collaboration highlights a shared commitment to innovation within a regulated and secure framework, potentially expanding the use of stablecoins in high-growth markets. This strategic move positions both companies to lead in the evolving digital finance ecosystem.