StraitsX is a member of ACCESS, Blockchain Association Singapore, Blockchain Association Indonesia and the Singapore FinTech Association. With memberships in these associations, StraitsX hopes to exercise its vision of increasing access to digital assets for everyone in Southeast Asia.
Increasing access to digital assets for unbanked or underbanked Southeast Asians would greatly help the region’s growth. The Asian Development Bank, or ADB, has forecasted Southeast Asia’s economic growth rate at 5.2% in 2023.
Much of this growth is driven by micro, small, and medium enterprises (MSMEs) who transact mostly in cash, according to the World Economic Forum. This entails a lack of credit history, which shuts them out of most financial services.
StraitsX is well-positioned to help unbanked or underbanked Southeast Asians, with our pioneering status as a payments infrastructure for digital assets. Blockchain technology can help unbanked or underbanked Southeast Asians document their transactions, which will then give them access to most financial services. This paves the way to the region’s growth and prominence in the world.
ACCESS and StraitsX aim to advocate, engage, and educate Southeast Asians about blockchain technology and digital assets. They include businesses, consumers, and regulators.
Responsible use of blockchain technology and digital assets, as well as regulatory support would help greatly in the digitalisation of Southeast Asia’s economy. ACCESS and StraitsX facilitate conversations between them to better understand their concerns, dispel myths about blockchain technology and digital assets, and to show how transformative this technology can be.
Blockchain Association Singapore and StraitsX seek to unite regional and international stakeholders as well as regulators within the digital assets space. This unity can bring about solutions and promote best practices in a collaborative, open, and transparent manner.
BAS and StraitsX have the capabilities to fast track the development and integration of blockchain companies operating in or entering Singapore. There is also potential to build a pool of strong talent within the digital assets space.
The Indonesian counterpart of BAS is ABI, or Asosiasi Blockchain Indonesia. StraitsX is proud to be partnered with them because the transformative potential of a digital economy is great within Indonesia.
An estimated 180 million Indonesians are unbanked or underbanked. ABI and StraitsX seek to be disruptors within the region and give Indonesians the financial access they need by way of blockchain technology and digital assets access.
ABI and StraitsX aims to give Indonesians knowledge and understanding of blockchain technology, so as to empower them with social progress and competitiveness within the country and worldwide.
Singapore FinTech Association and StraitsX recognise that there are many participants within the FinTech space – some within the blockchain and digital assets space, and some not.
StraitsX hopes to be a trusted representative of the blockchain and digital assets space to SFA’s domestic and international network of more than 800 companies in more than 40 countries.
StraitsX has a comprehensive ecosystem that enables you to be part of the digital economy.
You can sign up for a StraitsX Business Account, where you can get, mint, swap, and redeem XSGD or XIDR with other stablecoins in our ecosystem.
Note: If you are a high net worth individual, or institution, you can take advantage of StraitsX’s OTC Desk feature that offers deep liquidity and OTC block trades.