Company Information

Get to know StraitsX

StraitsX is a Singapore-based digital asset and payments platform that aims to bridge traditional finance with the digital asset space. It is the issuer of the Singapore Dollar-backed stablecoin, XSGD, and the Indonesian Rupiah-backed stablecoin, XIDR. Operating as part of Fazz, a major Southeast Asian digital financial services group, StraitsX is licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution. The company provides business-to-business API solutions, including StraitsX Business Accounts and StraitsX APIs, enabling businesses to seamlessly manage, accept, and disburse funds in both fiat and stablecoins.

Industry

Crypto CryptocurrencyPRIMARY
Financial Other Service
Financial Payment

Contact

Social

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StraitsX

Singapore

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.