News

This year has undoubtedly been an exceptional year for StraitsX. In October, we unveiled our brand new standalone platform and redesigned logos for StraitsX & XSGD. 

Last month, we presented our solution at the Global CBDC challenge with our partner, SEBA Bank, a FINMA licensed Swiss Bank providing a seamless, secure, and easy-to-use bridge between digital and traditional assets.

We're delighted to share that StraitsX has processed over SGD 2 billion in digital asset-related transactions in 2021 alone. In our mission to accelerate access to digital assets in Southeast Asia, we are excited to unveil a new look for the StraitsX platform, featuring a new logo for StraitsX Singapore Dollar (XSGD) and a brand new refreshed user interface.

Xfers, a Southeast Asia based payments leader holding a Major Payment Institution (MPI) license for e-money issuance, together with its partner, SEBA Bank, a FINMA licensed Swiss Bank providing a seamless, secure, and easy-to-use bridge between digital and traditional assets, today announced that they have been named among the 15 finalists for the Global Central Bank Digital Currency (CBDC) Challe

As we say goodbye to the first half of 2021, the StraitsX team is excited to share that 1 billion XSGD (that's nine zeros!) has been transacted on-chain. To put that further into perspective, XSGD surpassed it's first 100 million XSGD just three months ago, in March of 2021.

Xfers has submitted a governance proposal on Aave's community forum for XSGD to be supported on the Aave lending protocol. Aave is a decentralised non-custodial lending protocol where users can participate as depositors or borrowers.

Xfers has successfully concluded a pilot test to demonstrate how the XSGD stablecoin can enable the transfer of event risks via Zilliqa blockchain-based smart contracts.