Tagged: straitsx

November 25, 2025 @ 10:45 am By Michael Wong  |  

Grab Holdings and Singapore-based stablecoin issuer StraitsX have signed a memorandum of understanding to explore building Web3-linked wallets and a stablecoin settlement network, the companies said. The partnership could let Grab users pay merchants across Asian markets using regulated digital tokens, per the announcement. Under… Read More

November 17, 2025 @ 10:09 pm By Michael Wong  |  

StraitsX, a Singapore-based stablecoin settlement firm, has secured a $10 million strategic investment from cross-border payments provider UQPAY to fund regional expansion, while existing backer NTT Docomo also joined the round, the company said on Wednesday. StraitsX said the funding strengthens its ability to link… Read More

May 21, 2025 @ 11:59 am By Omar Faridi  |  

StraitsX, Southeast Asia’s digital payment infrastructure provider, announced the launch of its Singapore dollar-backed stablecoin, XSGD, on the XRP Ledger (XRPL), a “decentralized” layer-1 blockchain. The deployment marks the first phase of a broader collaboration with Ripple, a contributor to the XRP Ledger and a… Read More

July 8, 2024 @ 11:00 am By Omar Faridi  |  

  Kenny Chan, GM at StraitsX, recently shared key insights with Crowdfund Insider. StraitsX is a payments infrastructure for the digital assets space in Southeast Asia. The company is also a Major Payment Institution licensed by the Monetary Authority of Singapore and is part of… Read More

November 19, 2023 @ 2:09 pm By Michael Wong  |  

Ant International, Grab, and StraitsX have announced a collaborative effort to explore the potential application of Purpose Bound Money (PBM) in cross-border payments. PBM is a protocol that specifies the conditions upon which an underlying digital currency can be used and first introduced by MAS… Read More

January 6, 2022 @ 9:29 am By JD Alois  |  

Payments Fintech Wirex has added another stablecoin to its platform. According to Wirex, XSDG, a Singapore dollar backed stablecoin is now available alongside other popular stablecoins. Currently, Wirex offers six stablecoins; STASIS EURO (EURS), True (TUSD), USD Coin, (USDC), Tether (USDT), USDP, and now XSGD…. Read More

August 1, 2020 @ 1:32 pm By Omar Faridi  |  

Zilliqa, a “high-performance” and “high-security” blockchain or distributed ledger tech (DLT)-based platform, recently revealed that it has chosen Singapore’s digital currency custody service, Onchain Custodian, to secure its network’s assets. As mentioned in a release shared with CI: “In working with the firm, the Zilliqa… Read More