XWeave, a Singapore-based stablecoin cross-border payment company, revealed a $3 million seed funding round headed by Jungle Ventures through First Cheque@Jungle and Lightshift.
In addition to new investors White Star Capital, Fabric Ventures, DCG, The Venture Dept., and other well-known angel investors, the round featured follow-on investment from Menyala, a venture studio established by Temasek, according to a statement from XWeave.
XWeave intends to use this funding to extend its network into important non-G10 corridors in the Middle East and wider Asia, such as Japan, Hong Kong, Indonesia, and the United Arab Emirates (UAE).
Additionally, the business is negotiating with international merchant platforms and regional fintechs to incorporate real-time, cross-border settlement into their products.
The company is constructing the infrastructure layer that will link blockchain-based value rails to conventional finance as stablecoins become a part of the mainstream financial stack, providing the speed, transparency, and control that contemporary businesses require.
“The $30T cross-border payments market is overdue for transformation,
“As stablecoins evolve into mainstream financial infrastructure, XWeave is the connective tissue that enables businesses to move money across borders with the ease of a text and the compliance rigor of regulated flows,” said Milind Sanghavi, Founder and Chief Executive Officer of XWeave.
He claimed that although there have been other attempts utilizing particular digital assets, stablecoins and central bank digital currencies (CBDCs) are set to experience a sharp increase.
“XWeave’s non-custodial, asset-agnostic orchestration platform is the best way for businesses to access this growing liquidity— leveraging the benefits of blockchain without relying on regulatory arbitrage,
“Our job is to make it usable and adaptable for the full spectrum of money flows,” he added.
Established in 2024, XWeave is a non-custodial platform that links companies to cross-border payment rails based on blockchain technology.
Through the integration of stablecoin networks with traditional fiat systems, the company facilitates instantaneous, compliant, and economical money movement across markets.
Through the combination of regulatory compliance and the effectiveness of decentralized technologies, the company’s non-custodial infrastructure enables institutions to conduct cross-border transactions without assuming custody of user funds.
