Singapore-based stablecoin infrastructure provider StraitsX has unveiled a refreshed brand identity as it expands its role in enabling compliant, real-time payment settlements.
The company, originally founded as a payment gateway called Xfers to support treasury and settlement needs for SMEs, has evolved into a regulated platform enabling purpose-built, fiat-backed stablecoins designed for real-world payment use cases.
It said the brand update reflects its growing function as an infrastructure layer for institutional money movement.
StraitsX reports having processed over US$10 billion in on-chain stablecoin transactions and operates under a Major Payment Institution licence issued by the Monetary Authority of Singapore (MAS), covering six out of seven regulated payment services.
Its stablecoins, XSGD and XUSD, are among the first to be recognised under MAS’ forthcoming Single-Currency Stablecoin framework.
The company has also participated in the Monetary Authority of Singapore’s Purpose Bound Money initiative and facilitated cross-border retail payment flows with partners including Alipay+ and Grab.
It supports tokenised currency issuance, FX, and settlement across both public and private blockchain networks.
In the coming weeks, StraitsX plans to introduce additional features aimed at improving access to USD banking rails and expanding support for public and private chain settlement.
The company said in a blog post,
“As our reach expands beyond Singapore, we’re laying the foundation for a truly global payment infrastructure — one that’s scalable, compliant, and ready for what’s next.
Our mission is clearer than ever: to bridge the great disconnect in global payments by providing the trusted settlement infrastructure layer the world can rely on.”
Featured image: Edited by Fintech News Singapore, based on image by thanyakij-12 via Freepik
