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.
Project Information
Related Projects
BlockScience, founded in 2017, is an R&D, engineering, and analytics firm that specializes in the design and analysis of complex systems. With an interdisciplinary team of engineers, data scientists, and social scientists, the company applies advanced mathematical and computational engineering to model, simulate, and design resilient socio-technical systems for a diverse range of clients, including for-profit companies, non-profits, and government organizations.
The firm's core service is providing a rigorous, data-driven approach to designing and validating economic and governance mechanisms. A key product in their toolkit is cadCAD, an open-source Python-based modeling framework they developed. This tool allows for the creation of "digital twins" of complex systems, enabling clients to simulate and test new business models, market designs, or automated smart contract logic before deployment. This approach is used to analyse system safety, resilience, and sustainability under various conditions.
BlockScience has a direct collaboration with Hedera and the Hedera Foundation to design and model innovative market mechanisms for renewable energy and other environmental assets. This work includes the development of Automated Regression Market Makers (ARMMs), a novel price discovery mechanism for semi-fungible assets like energy credits.
NFT.com is a platform dedicated to the world of non-fungible tokens (NFTs), providing a comprehensive ecosystem for creators, collectors, and brands. The company, which is a subsidiary of Immutable Holdings, aims to be a central hub for the NFT community, offering a range of services designed to enhance the user experience and drive the adoption of digital collectibles.
The core of NFT.com's service is its marketplace and social platform. It allows users to create personalized NFT galleries to showcase their collections, which in turn form the foundation of a decentralized Web3 social network. The platform provides tools for minting new NFTs, as well as for buying, selling, and trading them. A key feature is the "Genesis Key," an NFT that provides holders with a lifetime, fee-free membership to the platform and the ability to create a custom profile.
NFT.com is built on Hedera with multi-chain functionality baked in. By building on Hedera, NFT.com can leverage the network's high throughput, low fees, and carbon-negative infrastructure to provide a fast, efficient, and sustainable experience for its users.
Mawari is a technology company focused on building infrastructure for the 3D internet and spatial computing. It primary work is in developing a decentralized network to power the real-time streaming of immersive, AI-driven 3D experiences with near-zero latency.
The core of Mawari's offering is its Decentralized Content Delivery Network (CDN), a globally distributed network of GPU-powered nodes. This network, combined with Mawari's patented 3D streaming codec and a spatial rendering and streaming SDK, allows for the efficient cloud rendering and delivery of complex 3D content to a wide range of devices, including smartphones and XR glasses. This technology is designed to break the bottlenecks of traditional infrastructure, making high-quality, interactive AR and VR experiences scalable and accessible. The network is built on a Decentralized Physical Infrastructure Network (DePIN) model, which incentivizes individuals to contribute their unused compute resources.
As a participant in the Hedera ecosystem, Mawari is exploring how Hedera's fast, secure, and sustainable distributed ledger technology can be integrated into its decentralized infrastructure to enhance the security, transparency, and efficiency of its network, particularly as it expands its reach in the burgeoning spatial computing and 3D internet markets.
SKUx is a fintech company developing a payments solutions platform for the retail and consumer packaged goods (CPG) industries. Its mission is to eliminate the fraud and inefficiency that plagues the traditional promotional offer industry by creating a secure, transparent, and real-time system for offer delivery, redemption, and settlement.
The core of SKUx's service is its Smart Incentives platform, which transforms traditional coupons and rebates into serialized, payment-based offers. A key product is SKUPay, a patented technology that enables item-level payments, allowing brands to deliver value directly to consumers for specific products at the point of sale. The platform is designed to be seamless for consumers and requires no special integration for retailers, while providing brands with transparency and proof of ROI.
SKUx uses the Hedera Consensus Service (HCS) to create an immutable and auditable record of all offer-related transactions, from issuance to redemption. This provides a "single source of truth" for all parties in the ecosystem.