XSGD

We are pleased to share that the October 2023 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

StraitsX is pleased to announce a collaboration with Ant International and Grab to look into the potential for Purpose Bound Money (PBM) to be applied to cross border payments. PBM is a protocol that specifies the conditions upon which an underlying digital currency can be used and first introduced by MAS as part of Project Orchid.

StraitsX receives in-principle approval from MAS as a Major Payment Institution, enabling stablecoin issuance aligned with MAS’ upcoming regulatory framework.

Keep a lookout for various demonstrations of Purpose Bound Money (PBM) happening across different booths at Singapore FinTech Festival (SFF) 2023, held from 15-17 November 2023 at Singapore Expo. PBM is a concept first introduced by the Monetary Authority of Singapore (MAS) as part of Project Orchid, which enables special conditions to be specified when making transfers in digital money.

We are pleased to share that the September 2023 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

We are pleased to share that the August 2023 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

StraitsX, a part of Fazz, is pleased to be a part of industry trials to demonstrate a commercial application for Purpose Bound Money (PBM). This will come in the form of NFT vouchers loaded with underlying XSGD value for payment of goods and services at over 200 merchants outlets. These NFT vouchers are set to be used by over 20,000 users from 7 September 2023 to 31 December 2023. 

StraitsX and BasedApp launch an XSGD-linked Visa card in Singapore, enabling users to spend their digital assets effortlessly at 100M+ Visa merchants.

We are pleased to share that the July 2023 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

Explore the potential of XSGD, a Singapore-dollar denominated stablecoin, in the global forex market. Learn how XSGD enhances efficiency, accessibility, and financial empowerment for traders and investors.

We are pleased to share that the June 2023 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

Discover how stablecoins are transforming remittances, making cross-border transactions faster, cheaper, and more accessible. Learn how StraitsX simplifies DeFi and remittance.