Solowin Holdings, which trades under the ticker AXG on the NASDAQ, marked its 10th anniversary on Friday, reflecting a decade of expansion from traditional finance in Hong Kong to a digital-asset platform with global regulatory approvals.
The company, founded in 2016, completed its transition into the digital-asset sector in 2024, following its initial public listing on the NASDAQ in 2023. Its operations now span two core segments: digital-asset tokens focused on stablecoins and tokenized real-world assets, and AI-related tokens tied to infrastructure and financial services. The group’s stated mission is to enable 24/7 tokenized financial services, including stablecoin issuance, asset tokenization, securities trading, and asset management.
Solowin’s subsidiaries include AlloyX Limited, a stablecoin infrastructure provider specializing in tokenized money-market funds and cross-border payments, and AX Coin Bahrain B.S.C. (c), which secured a stablecoin issuance license from the Central Bank of Bahrain in 2026. That same year, the subsidiary also obtained the world’s first Sharia-compliant stablecoin certification, positioning the company at the intersection of Islamic finance and digital assets.
Peter Lok, Chairman and Chief Executive Officer, said in a statement that the company’s trajectory was guided by a dual focus on innovation and regulatory compliance. 'Ten years ago, we began with a clear conviction: the future of finance would require both technological innovation and trusted regulatory foundations,' he said. Dr. Thomas Zhu, a Director, emphasized the role of compliance, citing the Bahraini license and Sharia certification as key milestones in the group’s development.
Shares of AXG closed at $2.50 on Friday, down $0.05, or 1.96%, at 15:59:59 ET. After-hours trading showed no change, with the stock last quoted at $2.50 at 13:10:04 ET.
The company’s ecosystem includes AXCOIN, AXONE, FERION, KOVAR, AgentX, and Solomon JFZ, reflecting its diversified approach to digital-asset infrastructure and services. Its operations remain subject to oversight from the Hong Kong Securities and Futures Commission and the Central Bank of Bahrain, aligning with its regulatory-first strategy.
