StraitsX, a Singapore-based stablecoin settlement firm, has secured a $10 million strategic investment from cross-border payments provider UQPAY to fund regional expansion, while existing backer NTT Docomo also joined the round, the company said on Wednesday.
StraitsX said the funding strengthens its ability to link stablecoin and fiat payment rails and to support cross-border use cases for enterprises, financial institutions, and Web3 platforms across Asia.
The company called the raise a step in its evolution from a Southeast Asian stablecoin pioneer to a multi-market digital payments provider.
The firm, part of the Fazz Financial Group ecosystem, said the capital supports the next phase of its regional push alongside Fazz.
Recent milestones include the listing of its U.S. dollar and Singapore dollar stablecoins, XUSD and XSGD, on exchanges such as Coinbase, and OKX Pay’s scan-to-pay rollout in Singapore.
StraitsX plans to deepen a three-pillar strategy spanning enterprise APIs, cross-border payments and card issuance.
It aims to expand APIs that provide on- and off-ramps between stablecoins and fiat with settlement and treasury features, allowing corporates to integrate tokens such as XUSD into finance workflows.
For cross-border flows, StraitsX said it will scale programmable, always-on settlement corridors that cut friction.
By partnering with local players including PayFazz and its agent network in Indonesia, the firm seeks to bridge digital and cash networks to enable stablecoin remittances, cash access and on-chain settlement across key Asian routes.
StraitsX also plans virtual and physical card programmes that let users spend stablecoins at merchants while settling in fiat through regulated schemes.
Through partners such as RedotPay and Visa, it intends to extend everyday utility for XUSD and other tokens with real-time conversion and compliance controls.
The company said the investment from UQPAY and support from Docomo signal convergence between Web3 innovation and institutional finance.
It added the push advances a roadmap to position interoperable stablecoins as core payments infrastructure in global markets.
