StraitsX, a leader in stablecoin-native settlement and a major payment institution licensed by the Monetary Authority of Singapore, has announced a significant expansion across Asia, bolstered by a strategic US$10m investment from UQPAY, a prominent cross-border payment solutions provider, and ongoing support from NTT DOCOMO, Japan’s leading mobile and digital services company. This move aims to strengthen StraitsX’s position as a global leader in regulated digital payments by leveraging stablecoin infrastructure to enhance cross-border payment connectivity.
The partnership with UQPAY and DOCOMO highlights the increasing integration of Web3 innovation with institutional finance, allowing StraitsX to expand its presence in major Asian markets. Key initiatives include the development of enterprise-grade APIs for seamless stablecoin and fiat currency transactions, the issuance of virtual and physical cards through partnerships with RedotPay and VISA, and the scaling of cross-border payment corridors to reduce transaction costs and friction.
Tianwei Liu, CEO of StraitsX, stated, “This marks the start of a new growth chapter for StraitsX. With the latest support from UQPAY, we’re expanding our foundation across Asia to deepen cross-border connectivity and enable enterprises to move value seamlessly in a trusted and compliant way.”
Jack Li, CEO of UQPAY, expressed enthusiasm for the partnership, noting its potential to create seamless, compliant, and borderless payment experiences. This collaboration aims to establish stablecoins as a regulated and interoperable infrastructure across global markets, paving the way for a unified financial network that supports a trusted global standard for value exchange.
