StraitsX, the stablecoin-native settlement layer driving global finance, and Fazz Financial Group (“Fazz”), a leading ecosystem of financial services in Southeast Asia, today announced the next phase of its regional expansion, supported by a new strategic investment from UQPAY, Asia’s leading cross-border payment solutions provider leveraging stablecoin infrastructure, and continued backing from StraitsX’s existing shareholder NTT DOCOMO, INC. (“DOCOMO”), Japan’s leading mobile and digital-services company.
The latest USD$10M investment from UQPAY reinforces StraitsX’s capability to power diverse cross-border payment scenarios, bridge stablecoin and fiat payment networks, and expand the connectivity between enterprises, financial institutions, and Web3 ecosystems across Asia. This also marks a new phase of growth for StraitsX as the company transitions from a pioneer of stablecoin infrastructure in Southeast Asia to a multi-market global leader in regulated digital payments.
Together, UQPAY and DOCOMO reflect the growing convergence between Web3 innovation and institutional finance, enabling StraitsX to deepen its presence across Asia’s major markets while turning stablecoin utility into the underlying financial infrastructure underpinning the global economy.
Expanding a Regional Settlement Network
Building on milestones over the course of the past year, including the listing of XUSD and XSGD on major exchanges, such as Coinbase, and the launch of OKX Pay, the first stablecoin-powered scan-to-pay service in Singapore, StraitsX is set to further strengthen its multi-currency payment framework across three key pillars:
-
Enterprise APIs: Expand institutional-grade APIs that enable seamless and affordable on- and off-ramps between stablecoins and fiat currencies for enterprises and financial institutions. These APIs support real-time settlement and treasury operations, allowing enterprises to integrate stablecoins like XUSD into existing financial workflows with confidence.
-
Cross-border payments: Scale programmable, always-on settlement corridors that reduce friction and cost in cross-border payments. By leveraging local partners such as PayFazz and its agent network in Indonesia, StraitsX bridges digital and real-world payment networks to power stablecoin-based remittances, cash access, and on-chain settlements across key Asian corridors.
-
Card issuance: Launch virtual and physical card programs that bridge Web3 balances with real-world merchant acceptance, allowing users to spend stablecoins instantly while settling in fiat through compliant networks. Through its partnership with RedotPay and VISA, StraitsX extends the utility of XUSD and other stablecoins for everyday transactions, empowering users to transact globally with stablecoin balances while ensuring real-time conversion, compliance, and transparency across currencies and jurisdictions.
“This marks the start of a new growth chapter for StraitsX,” said Tianwei Liu, Co-founder and CEO of StraitsX. “Over the past few years, we’ve proven that stablecoins can power real-world payments and settlement at scale. With the latest support from UQPAY, which builds on a growing network of strategic partners, we’re expanding that foundation across Asia to deepen cross-border connectivity, enhance on- and off-ramps between stablecoins and fiat, and enable enterprises to move value seamlessly in a trusted and compliant way. This partnership brings us closer to a future where stablecoins are not only the infrastructure for Web3 but the infrastructure underpinning global finance itself.”
“We’re excited to have this opportunity to partner with StraitsX in powering next-generation payment solutions that bridge decentralized finance and traditional finance. With both parties growing footprints across Asian markets, we see strong alignment with UQPAY’s vision in creating seamless, compliant, and borderless payment experiences,” said Jack Li, CEO of UQPAY. “Through our partnership, we seek not only to inject financial support and momentum into our partner StraitsX, but also to further extend UQPAY’s capability boundaries to create greater value and opportunities for our clients and partners. Together, we’re enabling more users to access digital assets through familiar, real-world financial tools and building a fintech ecosystem of collaborative innovation and shared value.”
This new phase advances StraitsX’s long-term roadmap to establish stablecoins as regulated and interoperable infrastructure across global markets. By expanding enterprise connectivity and programmable settlement across Asia’s key financial markets, StraitsX is laying the groundwork for a unified network that can scale internationally, building toward a financial system where compliant, always-on value exchange becomes a trusted global standard.
About StraitsX
StraitsX is the stablecoin-native settlement layer driving global finance, and a Major Payment Institution licensed by the Monetary Authority of Singapore. As the issuer of XUSD and XSGD stablecoins, StraitsX leverages the power of blockchain and stablecoin technology to drive payments interoperability while offering innovative tools for fund management, stablecoin integration, and cross-border transactions. Partnering with leading financial institutions, global liquidity providers, and payment technology partners, StraitsX delivers cutting-edge payment solutions in a highly regulated and reliable environment, bridging the gap between traditional finance and the digital economy. StraitsX is part of Fazz Financial Group, a leading ecosystem of financial services in Southeast Asia.