We pursue our work on the asymptotic regimes of the Landau-Lifshitz equation for bi-axial ferromagnets. We put the focus on the cubic Schrödinger equation, which is known to describe the dynamics in a regime of strong easy-axis anisotropy. In any dimension, we rigorously prove this claim for solutions with sufficient regularity. In this regime, we additionally classify the one-dimensional solitons of the Landau-Lifshitz equation and quantify their convergence towards the solitons of the one-dimensional cubic Schrödinger equation.