StraitsX

StraitsX provides API-based stablecoin payment infrastructure that enables individuals and businesses to send, receive, and transact with digital assets through stablecoins and fiat currencies across the Asia-Pacific region. The platform is licensed and regulated by the Monetary Authority of Singapore as a Major Payment Institution (MPI License PS20200475, PS20200656, PS20200657, PS20200658), upholding the highest compliance standards. StraitsX issues three stablecoins: XUSD pegged to the US Dollar, XSGD pegged to the Singapore Dollar, and XIDR pegged to the Indonesian Rupiah. The platform offers comprehensive solutions including card issuance for launching stablecoin-backed card programs with banking access, stablecoin settlement, and scheme-ready infrastructure across APAC markets; accept and send functionality for instant fiat or stablecoin transfers; cross-border QR payments through a network of e-wallet issuers and network acquirers; and wallet features including instant stablecoin swaps with live rate updates, OTC trading for high-volume transactions, and buy and sell capabilities. StraitsX ON serves as an open network that unifies how value moves across borders and platforms, supporting global fintechs and institutions in building cross-border fiat and blockchain payment solutions. The platform leverages tier-1 banking rails for security and scalability, with built-in customer screening and transaction monitoring for compliance. Card programs support Apple Pay, Google Pay, and Samsung Pay integration, with capabilities extending beyond plastic cards to wearables. Founded in 2020 and headquartered in Singapore, StraitsX has raised approximately $10 million in Series A funding from investors including UQPAY and Docomo. The company employs approximately 203 people.