AlloyX, a digital asset infrastructure company under Nasdaq-listed Solowin Holdings, has signed a partnership agreement with Bahrain FinTech Bay. The collaboration aims to develop and test stablecoin use cases within Bahrain's fintech ecosystem, focusing on cross-border payments, settlements, and tokenized financial services. AlloyX is seeking approval from Bahraini regulators to launch a regulated stablecoin, though no timeline or financial terms have been disclosed.