Grab and StraitsX Partner to Launch Web3 Wallet and Stablecoin-Based Settlements Across Asia
- ByStartupStory | November 18, 2025
Southeast Asia’s leading super-app Grab has entered a strategic collaboration with Singapore-based StraitsX to develop a Web3-enabled payment infrastructure aimed at transforming digital transactions across Asia. The partnership focuses on integrating Web3 wallets directly within the Grab app and establishing a stablecoin-based payment network to enable efficient, compliant, and transparent settlements for consumers and merchants across multiple markets.
Under the agreement, pending regulatory approvals, Grab users could hold and transact with StraitsX-issued stablecoins such as XSGD (Singapore Dollar-backed) and XUSD (US Dollar-backed) within the app itself. The stablecoins are designed to support enterprise-grade cross-border transfers, allowing seamless movement of funds with real-time foreign exchange conversion and on-chain settlement.
This Web3 wallet will enable Grab’s vast user base across Asian countries to engage with the digital asset economy through convenient in-app access, including real-time cross-border payments and integration with existing Web3 wallets. For merchants, programmable settlement functionality and on-chain treasury management tools will offer increased liquidity and capital efficiency.
Tianwei Liu, Co-Founder and CEO of StraitsX, highlighted that the collaboration tackles key challenges in Southeast Asia’s fragmented payment markets such as high transaction costs and limited interoperability. “By uniting Grab’s scale with StraitsX’s stablecoin infrastructure and network of partners, this platform aims to deliver faster, cheaper, inclusive, and regulatory-compliant financial services,” Liu said.
Grab Financial’s Head Kell Jay Lim emphasized the company’s vision to use Web3 technology to improve cross-border retail payments, providing customers and merchants with familiar yet futuristic payment experiences. This joint initiative also adheres to stringent anti-money laundering and counter-terrorism financing regulations, ensuring security and trust.
The partnership roadmap includes phased rollouts across key markets, building a foundational settlement layer that supports digital asset connectivity and financial inclusion. Notably, it draws on proven interoperability models such as the cross-border QR payment integration between Thailand and Singapore using XSGD and XIDR stablecoins.
As Southeast Asia’s digital economy grows, this collaboration places Grab and StraitsX at the forefront of next-generation payment innovation, shaping a future where stablecoins act as invisible, compliant infrastructure powering everyday commerce and cross-border financial activity.
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