SINGAPORE, June 10, 2026 — AXG announced today that AX Coin, the first stablecoin issuer licensed under the Central Bank of Bahrain’s regulatory framework and AXG’s core stablecoin issuance and operating entity, has formalized a strategic agreement with FOMO Pay, a Singapore licensed major payment institution and Asia’s leading payment network. Hosted at FOMO Pay’s global headquarters in Singapore, the official signing ceremony marks a major milestone in the integration of next-generation digital assets and traditional payment infrastructure. The agreement was formally executed by Zack Yang, Co-Founder of FOMO Pay; Dr. Thomas Zhu, Co-Founder of AXG and Chairman of AX Coin; and Xavier George, Managing Director of AXG and CEO of AX Coin.
The partnership brings together AX Coin’s regulated stablecoin infrastructure, including the in-development AXUSD and AXBHD, pegged to the US Dollar and the Bahraini Dinar respectively, with FOMO Pay’s licensed payment network and extensive merchant and payment channels across Southeast Asia, the Greater Bay Area, and the Middle East and North Africa. This collaboration marks FOMO Pay as AX Coin's first international payment distribution partner, representing a significant step in AX Coin's expansion beyond Bahrain and into global payment networks.
Under this agreement, AX Coin and FOMO Pay will evaluate and advance the practical application of stablecoins across diverse scenarios, with a focus on high-growth corridors connecting Asia and the Middle East, including:
Operating in strict adherence to the financial regulatory frameworks of both jurisdictions, the partners are committed to constructing a secure, compliant, and highly efficient digital payment corridor that facilitates the seamless interchange of fiat currencies and digital assets.
Dr. Thomas Zhu, Co-Founder of AXG and Chairman of AX Coin, commented: "This collaboration between AX Coin and FOMO Pay is a crucial component of AXG's broader push to build a global digital finance ecosystem. Through this strategic alliance, we are not only building a payment bridge that connects Web2 and Web3, but we are also actively embracing the industry's shift toward compliance and institutionalization."
Xavier George, Managing Director of AXG and CEO of AX Coin, added: "The strategic alliance with Singapore's FOMO Pay represents a defining milestone in AX Coin's expansion across the Asian market and our efforts to build a global stablecoin-powered payment network. We believe that combining our regulated stablecoin infrastructure with FOMO Pay's robust networks will bring transformative efficiency gains to value exchange across the region."
Zack Yang, Co-Founder of FOMO Pay, said: “The demand for faster, more efficient cross-border payments across Asia and the Middle East continues to grow, and our answer has always been to build a comprehensive, compliant payment network spanning more rails, more chains, and more currencies. AX Coin's regulated stablecoin infrastructure is a strong fit for that vision, opening new corridors for the enterprises and merchants we serve. As Singapore's first Digital Payment Token licensee and AX Coin's first overseas payment partner, we are uniquely positioned to deepen this integration of traditional and digital financial infrastructure, and we look forward to building that future together with AX Coin.”
Serving as a critical nexus between traditional and decentralized finance, stablecoins are increasingly demonstrating their long-term viability within regulated financial systems. The strategic alliance between AX Coin and FOMO Pay brings together two institutions operating under strong regulatory oversight, providing a highly constructive framework for technological exchange, market expansion, and the implementation of robust compliance practices in the digital payments sector. Moving forward, both organizations remain committed to driving the innovation and widespread adoption of compliant digital assets throughout the global real economy.
About AXG
AXG is a leading global regulated fintech company. Established in 2016, AXG combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform.
Guided by the mission “Mobilizing Tokens 24/7”, the Company operates two core business pillars: Digital Asset Tokens and AI Tokens. Its offerings span stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services including cloud infrastructure, Know-Your-Agent verification, and token router.
Through its integrated ecosystem, including AX COIN, AX ONE, FERION, SOLOMON, AGENTX, and KOVAR, AXG empowers global institutions and investors to capitalize on the rapid growth of the dual-token economy.
For more information, visit www.alloyx.com and follow us on LinkedIn at AXG (Solowin Holdings).
About FOMO Pay
Founded in 2015, FOMO Pay is a payment institution licensed in Singapore, Hong Kong and the Middle East. The firm has become a leading one-stop digital payment, digital banking, and digital asset solution provider. It is currently building Asia's fully licensed financial platform, helping institutions and businesses connect between traditional and next-generation financial services. The firm offers its three flagship products:
• FOMO Payment – One-stop digital payment solution for merchants, corporates and financial institutions
• FOMO iBiz – Facilitate businesses' everyday requirements for transactional banking needs
• FOMO Treasury – Corporate cash management and investment solutions for liquidity optimization and earning yield
Visit www.fomopay.com for more information. For media inquiries, contact marketing@fomopay.com.
