StraitsX is digital payment infrastructure provider and stablecoin issuer licensed by the Monetary Authority of Singapore (MAS) as a major payment Institution. It aims to bridge traditional finance (TradFi) with the digital asset economy, offering solutions for businesses and individuals to access and utilize digital currencies.
It’s primarily known for its stablecoins, which include XSGD, a token pegged to the Singapore dollar, XIDR a token pegged to the Indonesian rupiah, and XUSD, which is pegged to the US dollar. These stablecoins are designed to maintain a 1:1 synchronicity with their respective fiat currencies and feature reserves held in licensed financial institutions.
StraitsX emphasizes transparency and regulatory compliance, with each of its stablecoins issued in accordance with MAS frameworks.
The firm’s solutions support multi-chain operations, with its stablecoins available on various blockchain networks including Hedera, enabling faster, scalable, and cost-effective transactions. The company provides APIs for seamless integration, which allow businesses to accept payments, facilitate payouts, and conduct blockchain transactions.
StraitsX also offers personal and business accounts for minting, issuing, redeeming, and transacting with its proprietary stablecoins. It is currently partnered with various financial institutions including RedotPay and Visa to enable digital asset spending via card programs.
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Noviqtech is technology firm focused on carbon accounting and supply chain transparency. The company's product offerings include “Carbon Central” and “Noviq AI.” Carbon Central is focused on managing and centralizing carbon-related data and accounting processes for businesses. Similarly, Noviq AI offers exceptional end-to-end transparency and confirmation of product authenticity and processes throughout the entire value chain through the use of artificial intelligence within the firm's service portfolio, thus enhancing data processing, analytics, and decision-making capabilities for core services.
Its platform relies on three key service pillars. The first pillar, “guarantee of origin,” seeks to prove the origin of green resource production in order to highlight sustainability by tracking and tokenizing green hydrogen, sustainable aviation fuel, biodiesel, biochar, and related assets while aligning with industry standards and methodologies. The second, “carbon reporting,” allows users to measure, manage, and tokenise project assets and to effortlessly report and track carbon reduction and avoidance. This allows users unlock revenue opportunities through carbon tokenisation. The third pillar, “supply chain traceability,” allows users to track products throughout their lifecycle, ensuring authenticity and building client trust by highlighting supply chain transparency and demonstrating sustainable and ethical practices.
The Hyperledger Fabric plugin for Hedera Consensus Service (HCS) enables Hyperledger Fabric networks to utilize the Hedera public network for transaction ordering. This plugin allows developers to replace or augment traditional Fabric ordering services such as Raft or Kafka with HCS, leveraging Hedera's asynchronous Byzantine Fault Tolerant (aBFT) consensus mechanism.
The core function of the plugin is to have Fabric orderer nodes submit endorsed transactions to a designated topic on the Hedera Consensus Service. HCS then assigns these transactions a unique, immutable, and verifiable consensus timestamp and sequence. Fabric orderers subscribe to this topic via a Hedera mirror node, retrieve the ordered transactions, and use this sequence to consistently form blocks and propagate them within the private Fabric network.
By integrating HCS, Hyperledger Fabric applications gain several benefits including enhanced trust and decentralization in the ordering process, public verifiability of transaction sequences for increased auditability, and potentially reduced operational complexity compared to managing a traditional private ordering service.
Emtech is a financial technology company that provides a full-stack Central Bank Digital Currency (CBDC) platform for central banks and other financial regulators. Its purpose is to equip its clients with tools to issue their own digital currencies and to empower these institutions to lead innovation in financial services while ensuring regulatory compliance and stability.
The company’s offerings are centered around two key products. The first is its CBDC Core Solution, which provides the underlying technology for a central bank to mint, distribute, and manage a digital currency. The second is its innovative Digital Regulatory Sandbox, a controlled environment where fintechs and other financial service providers can build and test new applications using the CBDC, all under the direct oversight of the regulator. This collaborative approach helps bridge the gap between innovators and policymakers.
Emtech has a significant partnership with Hedera, having announced that its CBDC platform is built on the Hedera public ledger. By leveraging Hedera's high-throughput, secure, and low-energy network, Emtech can offer central banks a highly resilient and auditable infrastructure for their digital currency operations.
Music Battles is a "play-to-earn" social music gaming platform that combines the excitement of a live music competition with interactive mobile gaming. The company's mission is to revolutionize the music industry by creating a new ecosystem where artists, fans, and brands can connect and share value in a transparent and engaging way.
The core of the Music Battles experience is its mobile app, which allows users to vote for their favorite artists, participate in "Song Battles," and earn rewards for their engagement. The platform also features "SongSponsors," a proprietary, patent-pending system for programmatic royalty distribution that aims to create a more equitable model for artists. A central element of the ecosystem is its marketplace, where users can buy, sell, and trade digital collectibles, including song NFTs, and use the platform's native utility token for in-game transactions.
Music Battles is built on the Hedera network, leveraging its enterprise-grade performance to power its real-time gaming and transaction-based features. The Hedera Token Service (HTS) is used to mint all NFTs and the platform's native utility token, ensuring fast, low-cost, and secure transactions.