StraitsX is pleased to be the licensed issuer, BIN sponsor, and infrastructure provider behind the OKX Card.
The OKX Card program is enabled through StraitsX’s role as a Visa issuing member, supporting compliant card issuance, transaction settlement, and scheme alignment under Visa.
“What makes this collaboration powerful is how clearly the roles fit together. Visa provides the global acceptance network and card infrastructure that connects users to millions of merchants worldwide, while StraitsX delivers the regulated issuance, conversion, and settlement layer that ensures every stablecoin-to-fiat transaction is handled seamlessly and in full compliance with Singapore’s requirements. Together, they remove the complexity behind the scenes so OKX can focus on delivering a simple, intuitive payments experience that extends digital assets into real-world spending at scale.”
— Gracie Lin, CEO, OKX Singapore
Issuer-led card infrastructure
As issuer of the OKX Card, StraitsX provides the underlying infrastructure required to operate a compliant, production-grade card program in Singapore.
This includes:
- Scheme-aligned card issuance: Cards are issued under StraitsX’s Visa membership, ensuring adherence to network rules and regulatory requirements.
- Transaction authorisation and settlement: StraitsX provides the infrastructure to manage the end-to-end lifecycle of card transactions, from authorisation through to clearing and settlement.
- Compliance and regulatory coverage: As a licensed Major Payment Institution, StraitsX operates within Singapore’s regulatory framework for payment services.
Together, these components allow partners like OKX to launch card programs without building issuing and settlement capabilities in-house.
Enabling real-world payments for OKX Pay
The OKX Card extends the utility of the OKX Pay ecosystem into everyday spend. By integrating with StraitsX’s issuing stack, OKX users are able to transact at 175 million merchants globally across the Visa network, bridging digital asset balances with real-world payments acceptance.
This model abstracts the complexity of scheme connectivity, authorisation flows, and settlement mechanics, allowing OKX to focus on user experience and ecosystem growth.
Tokenisation and wallet readiness
As part of the OKX Card program, StraitsX supports tokenisation and mobile wallet integration, including Apple Pay, for secure, contactless payments across supported devices.
Key capabilities include:
- Token provisioning aligned with network standards
- Card provisioning flows within the OKX app
- Certification and testing support for wallet integration
These capabilities ensure that the OKX Card program is not only live, but usable across digital and physical payment environments.
Built on Visa’s global acceptance network
The OKX Card enables users to transact globally at 175 million merchants where Visa is accepted, extending the utility of digital asset balances into everyday payments.
As issuing partner, StraitsX ensures that every transaction is processed in line with Visa network standards, from authorisation through to clearing and settlement.
“At Visa, we see stablecoins as an important bridge between digital assets and everyday commerce. The opportunity is in making digital currencies more practical, trusted and accessible for consumers. By working with our partners such as StraitsX and OKX to bring stablecoin-backed card products to market, we are helping unlock seamless ways for people to pay using the assets they hold, backed by the scale, security and global acceptance that Visa is known for. That is what will help power the next wave of payments and digital commerce,”
— Adeline Kim, Country Manager for Singapore & Brunei, Visa
“As digital asset platforms expand into real-world payments, issuer infrastructure becomes a critical layer in bringing a card program to market. Launching a production-ready card program demands regulated issuance, scheme alignment, reliable settlement infrastructure, and the tokenisation capabilities needed to support modern payment experiences such as Apple Pay. At StraitsX, we provide that foundation, combining scheme membership, settlement infrastructure, and tokenisation capabilities to help partners like OKX bring card programs to market with greater speed and confidence,”
— Tianyao Liu, Head of Commercial, StraitsX
Building the next layer of payment infrastructure
As issuer and infrastructure partner, StraitsX provides the regulated foundation required to make the launch of card programs possible at scale.
By combining scheme membership, settlement infrastructure, and tokenisation capabilities, StraitsX enables partners to move from digital asset custody to real-world payment utility within a compliant and production-ready framework.
Looking to launch a stablecoin-backed card program? Speak with us to find out more.
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.
Disclaimers:This publication 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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