What is StraitsX?
StraitsX facilitates access to digital asset markets and decentralized finance through its stablecoin APIs, ensuring secure and efficient transactions backed by ASEAN currencies like the Singapore Dollar and Indonesian Rupiah.
More about StraitsX
StraitsX offers a robust payments infrastructure tailored for digital assets, providing secure and rapid access to digital asset markets and decentralized finance (DeFi) applications. Central to their offering are StraitsX stablecoins—XSGD, XUSD, and XIDR—pegged respectively to the Singapore Dollar, U.S. Dollar, and Indonesian Rupiah. These stablecoins enable seamless integration into global financial systems, backed by ASEAN currencies held in licensed financial institutions.
Licensed as a Major Payment Institution by the Monetary Authority of Singapore, StraitsX ensures transparency and trust by guaranteeing that each stablecoin can be redeemed on a one-for-one basis with its respective ASEAN currency. The platform supports multi-chain operations across Ethereum, Polygon, Hedera, and Zilliqa, harnessing their speed, scalability, and cost-efficiency.
For businesses and individuals, StraitsX provides tailored account solutions. Personal accounts facilitate minting and redemption of stablecoins, enabling transactions between fiat and digital assets across supported blockchains. Business accounts extend these capabilities with higher transaction limits and advanced management features, including ready-built APIs for seamless payment collection, disbursement, and reconciliation.
The StraitsX ecosystem further includes wallet and custody solutions, integration with exchanges, over-the-counter trading (OTC), DeFi applications, and analytics, fostering a comprehensive digital asset management experience. With strategic partnerships across various platforms, including major exchanges and DeFi providers, StraitsX is positioned as a pivotal player in the digital assets infrastructure, offering a gateway to secure and efficient financial transactions globally.
StraitsX key offerings
- Stablecoin Infrastructure: Offers stablecoins (XSGD, XUSD, XIDR) pegged to major ASEAN currencies (Singapore Dollar, U.S. Dollar, Indonesian Rupiah), facilitating easy access to global financial systems for individuals and businesses.
- Regulatory Compliance: Licensed as a Major Payment Institution by the Monetary Authority of Singapore, ensuring regulatory adherence and trustworthiness in financial operations.
- Asset Backing: Each stablecoin is fully backed by its respective ASEAN currency held in licensed financial institutions, providing transparency and stability in value.
- Multi-chain Support: Utilizes Ethereum, Polygon, Hedera, and Zilliqa blockchains for transactions, offering speed, scalability, and cost-efficiency in digital asset transfers.
- API Solutions: Ready-built APIs (Payment, Payout, Blockchain) for seamless integration, enabling businesses to accept payments, facilitate payouts, and conduct blockchain transactions with ease.
- Flexible Account Solutions: Personal and Business accounts designed to meet varying needs, allowing users to mint, redeem stablecoins, and engage with digital asset platforms across supported blockchains.
- Comprehensive Ecosystem: Includes wallet and custody solutions, integration with exchanges, OTC trading, DeFi applications, and analytics, providing a holistic approach to digital asset management.
- Partnership Network: Strategic partnerships with key players in the industry (e.g., exchanges, DeFi platforms) enhance accessibility and utility of StraitsX stablecoins and APIs in the broader digital assets ecosystem.
These offerings highlight StraitsX's strengths in facilitating secure, efficient, and regulated access to digital assets and decentralized finance applications through its comprehensive infrastructure and partnerships.
Key services & use cases powered by StraitsX as a Web3 infrastructure provider
- Stablecoin Issuance and Management: StraitsX issues stablecoins (XSGD, XUSD, XIDR) pegged to major ASEAN currencies (Singapore Dollar, US Dollar, Indonesian Rupiah). These stablecoins are fully backed by equivalent fiat reserves held in licensed financial institutions. This stability facilitates easier adoption and integration into global financial systems, providing individuals and businesses with reliable digital assets.
- Regulatory Compliance and Licensing: As a licensed Major Payment Institution under the Monetary Authority of Singapore, StraitsX operates with adherence to stringent regulatory standards. This regulatory backing ensures trust and legality in all financial transactions conducted through its platform, enhancing confidence among users and partners.
- Multi-Chain Infrastructure: Leveraging Ethereum, Polygon, Hedera, and Zilliqa blockchains, StraitsX offers multi-chain support for its stablecoins and APIs. This infrastructure enables fast, scalable, and cost-efficient transactions across different blockchain networks, catering to diverse user needs and enhancing interoperability within the digital asset ecosystem.
- API-Driven Solutions: StraitsX provides a suite of APIs including Payment, Payout, Swap, and Blockchain APIs. These APIs empower businesses to seamlessly integrate digital asset functionalities into their platforms. Businesses can accept payments, facilitate payouts, swap between stablecoins, and execute blockchain transfers efficiently, enhancing operational flexibility and user experience.
- Customer Profile Management: The Customer Profile API allows businesses to create and manage customer profiles. These profiles serve as identifiers for creating virtual account payment methods, facilitating the acceptance of payments and disbursement of funds in SGD and USD. Advanced account management features cater to both personal and business accounts, ensuring tailored solutions for varied user requirements.
- Integration with Ecosystem Partners: StraitsX collaborates with key partners including digital asset platforms, exchanges, OTC desks, DeFi applications, and analytics providers. These partnerships expand the utility and accessibility of StraitsX stablecoins and APIs across different sectors of the digital asset ecosystem, fostering liquidity and usability.
- Security and Transparency: StraitsX prioritizes security by implementing robust measures to safeguard user funds and data. Each stablecoin issued by StraitsX is backed on a one-for-one basis by fiat reserves, ensuring transparency and trustworthiness in every transaction. This commitment to security and transparency enhances user confidence and mitigates risks associated with digital asset management.
- Developer Support and Education: StraitsX offers comprehensive developer documentation, sandbox environments, and technical support. These resources empower developers to efficiently integrate and innovate with StraitsX's APIs, accelerating the development and deployment of digital asset solutions. Educational initiatives further enhance user understanding and proficiency in leveraging StraitsX's infrastructure.
- Community Engagement and Growth: StraitsX fosters community engagement through educational programs, user forums, and industry events. These initiatives promote awareness, adoption, and growth within the digital asset ecosystem, driving forward innovation and expanding StraitsX's influence as a leading Web3 infrastructure provider.
