SCB TechX is a subsidiary of SCBX Group, the parent company of Thailand’s first bank, the Siam Commercial Bank (SCB). Its focus is on the development of digital technology solutions, applications, and platform-as-a-service offerings. 

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The company provides a range of services, including technology consulting, integrated solution development, and technology infrastructure and digital platforms management. With key applications and services including data analytics and AI solutions such as its TechX Data Platform for enterprises.

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SCB TechX also specializes in cybersecurity, digital identity verification know your customer services (eKYC), and the development of enterprise-level apps and mobile banking solutions. 

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The firm leverages blockchain technology for cross-border payment initiatives and central bank digital currency (CBDC) research and the exploration of stablecoin use cases for cross-border remittances using Distributed Ledger Technology (DLT) on the Hedera network in order to streamline international remittances, reduce costs, and provide massive improvements to transparency and settlement speed compared to traditional finance (TradFI) methods.

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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.

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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.

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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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Identity Snap, developed by Tuum Technologies, is an open-source plugin that extends the functionality of MetaMask to include support for decentralized identifiers (DIDs) and verifiable credentials (VCs). This transforms MetaMask into a DID wallet, allowing users to manage their digital identities in a secure and self-sovereign manner.

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The core of the Identity Snap service is its ability to create, manage, and verify DIDs and VCs directly within the MetaMask interface. It supports multiple DID methods, including did:pkh, did:key, and did:hedera, giving users a range of options for creating and controlling their digital identities. Key features include the ability to resolve DIDs to their corresponding DID documents, create and save VCs, and generate verifiable presentations (VPs) for sharing with other parties.

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Identity Snap's did:hedera method allows users to anchor their digital identities on the Hedera public ledger, taking advantage of its high throughput, low fees, and robust security. The Hedera Consensus Service (HCS) is used to create a transparent and auditable record of all DID and VC events, ensuring the integrity and verifiability of the credentials.

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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.

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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. 

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StraitsX emphasizes transparency and regulatory compliance, with each of its stablecoins issued in accordance with MAS frameworks. 

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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. 

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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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