XSGD goes live on XRP Ledger: Powering Regulated Stablecoins on a Scalable, Financial-Grade Blockchain

We are excited to announce that XSGD is now live on the XRP Ledger (XRPL). This marks the first phase of our partnership with Ripple, bringing a trusted, regulated stablecoin to a blockchain built with finance in mind.

With this launch, users and developers can now send, receive, and hold XSGD on XRPL—unlocking new utility across DeFi, wallets, remittances, and payments.

XSGD on XRPL Explorer: rK67JczCpaYXVtfw3qJVmqwpSfa1bYTptw

Why XRPL?

The XRP Ledger is a battle-tested blockchain with over a decade of uptime, purpose-built for fast, low-cost, and scalable financial transactions. With built-in features like a native DEX and asset issuance tools, XRPL is widely adopted by wallets, fintechs, and institutional players around the world.

Integrating XSGD into this ecosystem opens the door for:

• Near-instant SGD-denominated transactions
• Decentralised FX trading and stablecoin swaps
• On-chain payment use cases with compliance in mind

What’s different about this XSGD?

The XSGD issued on XRPL is permissionless and accessible via the StraitsX platform, meaning users can:

• Send and receive XSGD to XRPL wallets
• Swap XSGD with other stablecoins or assets on supported platforms
• Use XSGD as a building block for DeFi and on-chain treasury flows
  

What’s next: Enterprise-grade XSGD on XRPL

Coming later this year, StraitsX will also leverage Ripple’s Authorised Trust Line (ATL) model to launch a permissioned version of XSGD (“XSGDP”), designed specifically for institutional use. XSGDP will enable first-party and third-party payouts, support enterprise-grade cross-border FX flows, and power liquidity provision for such transactions, using Ripple’s On-Demand Liquidity framework at institutional volumes.

With both permissionless XSGD and permissioned XSGDP available on XRPL, StraitsX is laying the groundwork for a regulated, programmable payments layer tailored to the needs of the evolving global digital economy

Ready to explore XSGD on XRPL?

Sign up for a StraitsX account or login today to start transacting with XSGD on XRPL today.

‍