AlloyX Group's AX Coin Becomes the First to Secure In-Principle Stablecoin License Approval from Central Bank of Bahrain

AX Coin, the stablecoin issuer under AlloyX Group (NASDAQ: AXG), has recently received the in-principle approval letter for a stablecoin license issued by the Central Bank of Bahrain (CBB), subject to final CBB approval.

Dr. Thomas Zhu, Co-founder and Chief Executive Officer of AlloyX Group, stated: "We would like to express our gratitude to the Central Bank of Bahrain for its guidance over the past six months. We look forward to launching a compliant stablecoin within the regulatory framework and driving the development of AlloyX Group’s stablecoin ecosystem across the Middle East and Africa (MEA) region and beyond."

About AlloyX Group: 

AlloyX Group (Nasdaq: AXG) is a global integrated financial services institution bridging traditional finance and digital assets ecosystem. The Group operates across stablecoin payments, tokenization service, digital brokerage, and on-chain financial infrastructure. By integrating traditional brokerage and banking systems with blockchain technology, AlloyX Group delivers secure, efficient, and auditable digital financial solutions for institutions. Backed by leading international investors, we are building the next generation digital financial infrastructure empowering the global transition toward a regulated digital economy.