Grab and Singapore-based StraitsX have signed a memorandum of understanding (MOU) to explore the development of a Web3-enabled wallet and stablecoin-based settlement layer across Asia. This collaboration seeks to integrate digital asset wallets and stablecoin settlements into Grab’s ecosystem, facilitating compliant and efficient transactions across the region’s markets.
Southeast Asia’s payment landscape is known for its dynamism yet remains fragmented, with cross-border transactions often being slow and costly. The partnership between Grab and StraitsX aims to address these inefficiencies by proposing a unified integration layer. This includes embedding Web3-enabled wallets within Grab’s platform, allowing users to engage with digital money seamlessly.
The initiative will also equip GrabPay merchants with Web3-compatible wallets, enabling them to accept stablecoins from both local and international consumers. This move is expected to expand commercial reach without disrupting existing revenue flows. Additionally, the collaboration will introduce smart-contract settlement and programmable treasury tools to enhance liquidity and streamline operations across multiple Asian markets.
Tianwei Liu, Co-Founder and CEO of StraitsX, stated, “By uniting Grab’s scale with StraitsX’s established stablecoin infrastructure, we can deliver a financial network that is faster, cheaper, more inclusive, and regulatory-compliant.”
Looking forward, Grab and StraitsX plan to continue advancing their shared roadmap to promote adoption and interoperability across key Asian markets. This initiative is set to position Southeast Asia as a hub for regulated digital asset innovation and real-world payments, paving the way for the next era of global finance.
