Singapore-based StraitsX, a leading stablecoin payment platform, has raised $10 million in funding to expand its infrastructure for cross-border payments and Web3 integration. The round was led by UQPAY, an Asia-based stablecoin payment solutions provider, and supported by NTT DOCOMO, Japan’s top digital services company.
The fresh capital will be used to scale the adoption of stablecoin-based financial tools, enhance interoperability between fiat payment systems and blockchain networks, and enable seamless transactions across businesses, financial institutions, and Web3 ecosystems in Asia.
According to StraitsX, the company’s growth strategy focuses on three core areas:
- API solutions for businesses. Providing real-time settlement infrastructure that bridges fiat and stablecoin payments, helping enterprises integrate blockchain payments with traditional systems.
- Cross-border transactions. Building an on-chain network for faster and cheaper international remittances. In partnership with PayFazz, StraitsX will launch new stablecoin-powered services in Indonesia.
- Stablecoin cards. Collaborating with RedotPay and VISA, the company will introduce physical and virtual cards allowing users to spend stablecoins directly, with automatic conversion into fiat currencies.
“We’ve proven that stablecoins can serve as a real-world financial tool,”
said Tianwei Liu, Co-founder and CEO of StraitsX.
“Our goal is to make these instruments a fundamental part of global payment infrastructure.”
Jack Li, CEO of UQPAY, added that both companies share a vision of creating a regulated, user-friendly, and seamless payment ecosystem connecting traditional finance and Web3.
With this investment, StraitsX plans to expand its geographic reach and prepare for the launch of a unified payment network, merging stablecoin and fiat payment systems into one interoperable framework.
