TBCASoft, the U.S.-based on-chain finance innovator and the creator of the HIVEX® Network, announced a strategic MOU (“Project HIVEX® StableLink”) with StraitsX, a licensed Major Payment Institution (MPI) based out of Singapore and issuer of the XSGD and XUSD stablecoins.
This collaboration marks a major leap forward in delivering scalable, blockchain-powered, cross-border payments that will utilise regulated stablecoins for instant FX and settlement finality, bringing significant cost-efficiencies to our network partners – mobile users, issuers, acquirers and merchants.
Under this collaboration, StraitsX will integrate with the HIVEX® Network, a next-generation international mobile payment solution.
Project HIVEX® StableLink aims to connect regulated stablecoin issuers across multiple jurisdictions including, but not limited to Japan, Taiwan, Hong Kong, Thailand, and the United States.
The HIVEX® Network leverages blockchain to enable sovereign, interoperable, and secure cross-border payments – ensuring FX transparency, regulatory compliance, and robust data protection across jurisdictions.
HIVEX®, which has been utilising stablecoin technologies for cross-border clearing since 2023, aims to expand the network’s capability from instant clearing to regulated instant settlement and foreign exchange (FX) under the HIVEX® StableLink initiative.
“Project HIVEX® StableLink and this collaboration with StraitsX is a defining milestone in the evolution of the HIVEX® Network as the global infrastructure layer for mobile payments. We are not just connecting wallets and businesses.
We are reshaping the future of digital finance with a blockchain-powered, trusted, multi-party framework that ensures scalability, interoperability, and sovereignty at every level. With Singapore being a key international financial center, this collaboration with StraitsX, the issuer of the XSGD stablecoin with a 1:1 peg to the Singapore Dollar, will deliver tremendous customer value across our HIVEX® Network.”
said Ling Wu, Founder and CEO of TBCASoft.
“We are excited to work with TBCASoft to make cross-border payments simpler, smarter and more cost-effective for businesses.
By integrating our stablecoins and payment capabilities within the HIVEX® Network, we are making it possible for businesses to access seamless and instant QR payment and settlement experience, backed by trusted infrastructure, strong compliance, and competitive value.”
said Tianwei Liu, CEO & Co-Founder of StraitsX.
This announcement further cements TBCASoft and the HIVEX® Network as global enablers of mobile wallet interoperability, aligning the interests of banks, e-wallets, merchants, and users under a harmonised decentralised framework.
Project HIVEX® StableLink will spur HIVEX®’s footprint expansion, accelerating the shift toward an open, borderless mobile payments future.
Featured image: (From left) TBCASoft Founder and CEO Ling Wu and StraitsX CEO & Co-Founder Tianwei Liu
