Solowin Holdings (NASDAQ: AXG), through its regulated stablecoin issuer AX Coin Bahrain B.S.C. Closed, has announced that its AXBHD stablecoin framework has completed a formal Sharia review, making it the first central bank-regulated stablecoin to receive Sharia certification. The certification was conducted by Shariyah Review Bureau W.L.L., which evaluated AXBHD's issuance mechanism, reserve investment framework, governance arrangements, and revenue model for compliance with Islamic finance principles. The company also established an ongoing Sharia governance framework as part of this process.
This development positions Solowin at the forefront of integrating traditional Islamic finance with modern digital assets. The certification is expected to enhance trust and credibility among Muslim investors and financial institutions seeking Sharia-compliant investment options. With the growing demand for ethical and compliant financial products, this move could potentially open new markets and attract a broader investor base.
Solowin Holdings, established in 2016, is a global regulated fintech company that combines blockchain and artificial intelligence technologies. It operates a dual-token digital economy super platform under the mission “Mobilizing Tokens 24/7.” The company's offerings include stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services such as cloud infrastructure, Know-Your-Agent verification, and token router.
The company's integrated ecosystem includes AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR, which are designed to empower global institutions and investors to capitalize on the growth of the dual-token economy. The Sharia certification of AXBHD is a key step in the company's preparation to launch the stablecoin, reinforcing its commitment to transparency and responsible governance.
Industry analysts suggest that this certification could set a precedent for other stablecoin issuers seeking to cater to the Islamic finance sector, which is estimated to be worth over $2 trillion globally. By achieving Sharia compliance, Solowin may gain a competitive edge in attracting investment from Islamic financial institutions and individual investors who adhere to Sharia law.
The press release also highlights the company's dedication to regulatory compliance and ethical practices. As the stablecoin market continues to evolve, certifications like this could become a differentiator for issuers. For more information about Solowin Holdings, visit the company's website at https://www.alloyx.com or its Investor Relations page at https://ir.alloyx.com.
The announcement comes amid increasing regulatory scrutiny of stablecoins globally. Solowin's proactive approach to obtaining Sharia certification may serve as a model for other companies looking to navigate complex regulatory and cultural requirements. The company's newsroom provides further updates at https://cnw.fm/AXG.
