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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The Hedera Wallet Snap is a powerful open-source plugin that extends the functionality of MetaMask, one of the world's most popular crypto wallets, to the Hedera network. Developed by Tuum Technologies and managed by Hashgraph, the Snap allows users and developers to interact directly with Hedera's native services without relying on a JSON-RPC relay.
At its core, the Hedera Wallet Snap transforms MetaMask into a native Hedera wallet. This provides users with a familiar interface to manage their HBAR and other Hedera-based assets. Key services include the ability to send and receive HBAR, view account information and token balances, and interact with the Hedera Token Service (HTS), Hedera Consensus Service (HCS), and Hedera Smart Contract Service (HSCS). This comprehensive functionality empowers developers to build and deploy sophisticated decentralized applications on Hedera, while providing a seamless and intuitive experience for end-users.
The integration of the Hedera Wallet Snap opens up the network to MetaMask's vast user base of over 30 million monthly active users, greatly expanding the potential reach of Hedera-based applications.
HashSea is a dedicated NFT marketplace and launchpad platform operating on the Hedera blockchain network. It provides a space for creators and buyers to mint live, purchase assets on secondary market or create their own NFT assets while engaging with the other digital assets native to the Hedera network.
As a marketplace, HashSea facilitates the discovery, purchase, and sale of Hedera NFTs, leveraging the network's high throughput and remarkably low, predictable transaction fees. Meanwhile, functioning as a launchpad, HashSea empowers creators by offering tools and services to easily mint and debut new projects directly to the Hedera ecosystem. This dual role positions HashSea as a key enabler for both established and emerging artists and developers looking to capitalize on Hedera's efficient, carbon-negative infrastructure.
HashSea’s utilization of the Hedera Token Service (HTS) allows it to offer features embedded features such as native, enforceable royalties for creators and near instant transactions. It supports the HashPack wallet for minting, listing, and trading NFTs on the Hedera blockchain network.
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