Solowin Holdings - Class A Ordinary Share (AXG)

New York, NY, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Chaince Securities, LLC (“Chaince”), a FINRA-registered broker-dealer and wholly owned subsidiary of Chaince Digital Holdings Inc. (NASDAQ: CD), today announced that it has been engaged as the exclusive sales agent for the at-the-market (“ATM”) equity offering program of Solowin Holdings (NASDAQ: AXG) (the “Company”), a Cayman Islands-incorporated holding company headquartered in Hong Kong whose operations are conducted through its operating subsidiaries and whose offerings span regulated stablecoin issuance and payments, asset tokenization, securities trading and asset management, and AI-powered enterprise services.

SOLOWIN HOLDINGS (NASDAQ: AXG) a financial technology firm focused on traditional and digital assets, announced a 1-for-200 reverse share split of its outstanding Class A and Class B ordinary shares. The company’s Class A shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market on Oct. 29, 2026, under the existing ticker symbol AXG and a new CUSIP number. The reverse split will reduce outstanding Class A shares from approximately 201.5 million to 1.01 million and Class B shares from approximately 31.4 million to 156,858, subject to adjustments for fractional shares. The par value of both share classes will increase from $0.0001 to $0.02 per share.

SOLOWIN HOLDINGS (NASDAQ: AXG) a financial technology firm focused on traditional and digital assets, announced a 1-for-200 reverse share split of its outstanding Class A and Class B ordinary shares. The company’s Class A shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market on Oct. 29, 2026, under the existing ticker symbol AXG and a new CUSIP number. The reverse split will reduce outstanding Class A shares from approximately 201.5 million to 1.01 million and Class B shares from approximately 31.4 million to 156,858, subject to adjustments for fractional shares. The par value of both share classes will increase from $0.0001 to $0.02 per share.

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Solowin Holdings (NASDAQ: AXG) reported fiscal 2026 revenue of $28.05 million, approximately 895% above $2.82 million a year earlier, as stablecoin and fiat trading volume increased 395% to $1.04 billion and client assets under administration rose 347% to $848.8 million. The company expansion comes as global stablecoin market capitalization reached $311 billion in 2025 and annualized stablecoin payments reached an estimated $390 billion based on December 2025 activity, including approximately $226 billion in business-to-business payments. Following AX Coin Bahrain receipt of its full stablecoin issuer license in June 2026, AXG stated priorities include commercializing AXUSD and AXBHD, integrating banking and payment partners and developing GCC-Asia and GCC-Africa payment corridors. Chairman and CEO Ling Ngai Lok also highlighted AXG “license-first” approach amid evolving U.S. digital asset regulation, pointing to its central-bank oversight in Bahrain and SFC framework in Hong Kong and stating, “When the U.S. rules land, we won’t be scrambling. We’ll be operating. Washington’s delay isn’t a threat to us. It’s runway.”