Xweave Taps Solana to Bring Stablecoin Settlement to APAC Treasury Teams

Xweave, a Singapore-based non-custodial payments infrastructure platform, announced that it is deploying Solana to bring stablecoin-powered settlement to institutional treasury operations across the Asia Pacific. The Xweave stablecoin settlement solution will integrate Solana’s settlement infrastructure directly into its payments platform.

This would allow corporate treasurers, banks, and financial institutions to move capital across borders. Notably, Xweave is a participant in BLOOM*, an initiative by the Monetary Authority of Singapore.

Announced at Point Zero Forum in Zurich, the move aims to address real-time treasury liquidity across borders, with Xweave and Solana working together.

Milind Sanghavi,  the Co-Founder and  CEO of Xweave, shared,

“Solana gives us the settlement layer, sub-second finality, programmable execution, and near-zero cost, while Xweave provides the compliant orchestration that treasury teams and their banks actually require.”

By integrating Solana as a core settlement layer, the platform is said to now offer intraday liquidity sweeps, FX settlement, supply chain and trade finance disbursement, and rate optimisation.

Xweave is said to operate as a non-custodial payments infrastructure layer. Therefore, it does not hold or transmit client funds, and requires no payment institution licence to do so.

Anna Zhang, the APAC Growth Lead for Solana Foundation, added,

“Solana’s enterprise-ready infrastructure makes programmable settlement practical for corporate treasury teams operating across Asia Pacific and globally. We’re thrilled to see teams like Xweave choose Solana.”

The Xweave stablecoin settlement capability is live in Singapore, Indonesia and the Philippines, with expansion underway into the UAE, Japan and Hong Kong.

The platform supports settlement in USD, SGD, PHP, IDR, and AED-denominated settlement flows, with more currency pairs and corridors in development.

Featured image edited by Fintech News Singapore based on an image by Pixelid on Magnific