StraitsX has raised US$10 million from cross-border payments provider UQPAY to accelerate its Asia expansion and strengthen stablecoin-based payment connectivity.
The investment, alongside continued support from Japan’s NTT DOCOMO, marks a new phase in scaling StraitsX’s regulated cross-border payment infrastructure.
Part of Fazz Financial Group, StraitsX operates a stablecoin-native settlement layer bridging traditional finance and Web3.
The new funding will help StraitsX expand its stablecoin-to-fiat capabilities, broaden cross-border use cases, and grow its enterprise and institutional network.
The company said it aims to advance programmable, real-time settlement solutions as it evolves from a regional pioneer into a multi-market player in regulated digital payments.
With backing from UQPAY and NTT DOCOMO, StraitsX plans to deepen its presence across key Asian markets and position stablecoins as part of the region’s financial infrastructure.
Recent milestones include listing its XUSD and XSGD stablecoins on Coinbase and launching OKX Pay, Singapore’s first stablecoin-powered scan-to-pay service.
StraitsX is now expanding enterprise APIs, developing programmable cross-border corridors, and rolling out card programs with partners such as RedotPay and Visa.
Through local partners like PayFazz in Indonesia, it is extending corridors across major markets with real-time conversion, compliance, and transparency.
“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.”
said Tianwei Liu, Co-founder and CEO of StraitsX.
Featured image: Edited by Fintech News Singapore, based on image by Frolopiaton Palm via Freepik
