Access XSGD on Base, directly from StraitsX

28 Apr 2026

StraitsX now enables direct access to XSGD on Base via its dashboard, following the stablecoin’s integration on the Layer 2 chain, and listing on Coinbase in September last year.

With this launch, users can now interact with XSGD on Base directly through their StraitsX accounts. This includes the ability to redeem and transfer XSGD on Base without relying on external workflows or third-party infrastructure. Via the StraitsX account, users can also easily manage SGD-denominated liquidity across chains from a unified interface. KYC-ed users can mint XSGD, and subsequently redeem or transfer assets across supported networks beyond Base, such as Solana or Polygon.

Why Base

Base is an Ethereum Layer 2 built by Coinbase, designed to support scalable, low-cost on-chain activity.

Its growing ecosystem spans decentralised finance, payments, and consumer applications, with increasing liquidity and developer participation. The network’s proximity to fiat on-ramps and off-ramps through the likes of Coinbase further strengthens its role as a distribution layer for stablecoin-based financial use cases.

As activity continues to scale on Layer 2 environments, Base provides a practical foundation for stablecoin-driven settlement and liquidity flows.

What users can do now

With direct dashboard access, users can:

Redeem XSGD from Base back into fiat SGD at a 1:1 basis through StraitsX
Transfer XSGD across wallets within the Base ecosystem or to other supported chains
Manage mint, redemption, and transfers through a unified interface without external dependencies

In periods of market volatility, direct redemption via StraitsX provides a clear and reliable offramp, allowing users to move between on-chain and fiat environments without fragmentation.

Eligible Accredited and Institutional investors may also participate in StraitsX Earn using assets deposited from Base, extending potential utility for idle SGD liquidity.

About XSGD

XSGD is a Singapore Dollar-denominated stablecoin issued by StraitsX.

Fully backed 1:1 with reserves held at regulated financial institutions including DBS and Standard Chartered
Monthly attestations provide transparency on reserve backing
Issued by a Major Payment Institution licensed by the Monetary Authority of Singapore
Recognised to be substantively compliant with MAS’ Single-Currency Stablecoin regulatory framework

XSGD serves as a programmable SGD rail, enabling digital asset settlement while maintaining a clear link to fiat value.

Institutional and ecosystem use cases

Direct access to XSGD on Base introduces a more streamlined way for institutions to manage SGD liquidity in on-chain environments.

Treasury and liquidity management

From a treasury perspective, institutions can now access and manage SGD-denominated liquidity directly on Base, without needing to coordinate across multiple wallets, custodians, or intermediaries. By consolidating on-chain and fiat positions within the StraitsX dashboard, teams gain clearer oversight and tighter control over how capital is deployed across networks.

On-chain FX and settlement

This also extends into how settlement and foreign exchange flows are handled. With XSGD available natively on Base, institutions can facilitate SGD-denominated settlement directly within applications built on the network, while enabling on-chain FX between SGD and other digital assets such as USD stablecoins. This reduces reliance on traditional intermediaries and enables more continuous, programmable value transfer.

Capital efficiency

As liquidity becomes more mobile, capital efficiency becomes a key consideration. Institutions can deploy idle SGD liquidity into Base-native protocols, participating in lending, liquidity provision, or other on-chain strategies, while retaining the ability to move funds seamlessly between centralised and decentralised environments as needed.

Ecosystem growth and liquidity

Beyond institutional treasury flows, the availability of XSGD on Base also supports a growing set of ecosystem-level use cases. SGD liquidity can be introduced into decentralised finance protocols on Base, supporting lending markets and collateral use cases. It also enables the development of SGD trading pairs on decentralised exchanges, contributing to deeper and more diverse liquidity pools.

At a broader level, this access lays the groundwork for more efficient on-chain FX between SGD and USD stablecoins, and supports the evolution of cross-border payment and settlement flows that can operate with greater speed and transparency.

Conclusion

This is not just a chain expansion, but an extension of SGD settlement rails into a growing on-chain ecosystem.

By enabling direct access to XSGD on Base through the StraitsX dashboard, users can interact with regulated SGD liquidity more efficiently, with clearer operational control across minting, transfers, and redemption.

As blockchain ecosystems continue to evolve, StraitsX remains focused on bringing fiat-backed, institution-grade infrastructure into environments where on-chain activity is scaling.

Important Advisory:

Trading or purchasing DPTs carries significant risks. DPTs are not suitable for all individuals. Please do not trade if you do not fully understand the risks involved. For more information, review the relevant risks disclosures and regulatory guidelines here: Risk Warnings

Disclaimer:

This content is independently provided by StraitsX for informational purposes only. The actual outcome, timeline, and details of the partnership are subject to changes and may differ materially due to circumstances, including regulatory approval

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