logo

StraitsX unveils institutional-grade infrastructure for fiat-stablecoin settlement

Finextra3 days ago

StraitsX, the stablecoin-native settlement layer for global finance, today launched Dedicated Virtual Accounts (DVA/+), a next-generation solution delivering compliant USD banking access and real-time stablecoin connectivity to crypto-native institutions.
0
By providing each client with a unique, named virtual account underpinned by institutional-grade compliance, DVA/+ simplifies reconciliation, enhances operational transparency, and bridges the gap between traditional finance and tokenised settlements.
As regulators tighten scrutiny and markets demand more transparency, DVA/+ gives exchanges, wallets, and market makers a critical missing link: direct access to programmable, compliant fiat rails without needing to build or maintain their own banking infrastructure.
Through StraitsX's trusted banking partners, eligible clients can now issue named USD virtual accounts with full COBO (Collect on Behalf of) and POBO (Pay on Behalf Of) functionality. These accounts are natively integrated with stablecoins like XUSD, StraitsX's USD-pegged stablecoin, enabling fast, trusted movement between fiat and digital assets across borders and counterparties.
Redefining Connectivity for Institutional-Grade Digital Finance
As stablecoins become increasingly embedded in real-world value exchange, DVA/+ meets the rising demand for programmable, compliant financial infrastructure. Built for operational scale and regulatory clarity, DVA/+ offers:
• Named USD or SGD virtual accounts under each client's entity
• Full COBO and POBO functionality for global fiat movement
• Integrated stablecoin support via StraitsX's XUSD
• Real-time fund visibility and programmable treasury workflows
• API-first design for seamless, automated back-end integration
Core Components of the DVA/+ Infrastructure
• DVA: Named Virtual Accounts (VAs) backed by top-tier banking partners
• DVA+: Enhanced Compliance access for Named VAs connected to top-tier banking partners
'DVA/+ is a turning point in how institutions connect to the future of digital finance. With DVA/+, we're removing the barriers that have long separated traditional finance from crypto-natives, and replacing them with trusted, programmable rails that meet the highest standards of compliance and scalability,' said Liu Tianwei, CEO and Co-Founder of StraitsX. 'This is a critical step in our broader mission to enable seamless value movement across currencies, networks, and jurisdictions, for any institution looking to operate at the frontier of regulated digital finance. We invite exchanges, wallet players, fintech platforms, and other crypto-native institutions to explore how DVA/+ can anchor their payment infrastructure and unlock compliant, scalable liquidity across the digital asset ecosystem.'
From Stablecoin Issuer to Strategic Infrastructure Partner
The launch of DVA/+ marks the first milestone under StraitsX's refreshed brand identity, underscoring its evolution from a single-product stablecoin issuer to a full-stack infrastructure provider for regulated digital finance. This new identity signals a broader commitment to building trusted, compliant systems that power real-world financial use cases at scale. DVA/+ exemplifies this direction as it equips institutions with the infrastructure needed to bridge fiat and stablecoins and operate with greater speed, security, and regulatory clarity.
As the digital asset economy matures, institutions are under pressure to streamline operations while meeting higher regulatory expectations. DVA/+ addresses this challenge by enabling exchanges, wallets, and market participants to access fiat and stablecoin rails without the complexity of maintaining their own banking stack. By automating settlement flows and embedding compliance into the infrastructure layer, DVA/+ helps institutions unlock faster time-to-market, more efficient treasury operations, and a higher standard of operational resilience.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

China praised for extreme method to prevent students from cheating during exams as people call it 'genius'
China praised for extreme method to prevent students from cheating during exams as people call it 'genius'

Daily Mail​

time38 minutes ago

  • Daily Mail​

China praised for extreme method to prevent students from cheating during exams as people call it 'genius'

More than 13 million anxious students in China filled exam rooms this year to sit the notoriously challenging gaokao. The two-day exam determines whether students can secure a place at university, and teens spend years studying for the big test. But students this year faced more than just academic pressure, as those taking the university entrance exams had to deal with some of the most extreme anti-cheating methods yet. Facial recognition technology, metal detectors, drones and phone signal blockers were regularly used in schools this year amid the Chinese government's latest attempt to clamp down on cheats. AI firms have also been involved in the government's latest efforts to curb cheating. Last week, as students sat to take their university entrance exams, some major AI platforms in China appeared to freeze certain functions during test hours. This meant that if students tried to upload a picture of an exam question, they were met with a message telling them that the feature was not available in that moment. One tech giant, Tencent, explicitly cited the integrity of the exams to explain why some of its features were unavailable. 'Dear user, to ensure the fairness of gaokao, this function is unavailable during gaokao hours. Tencent Yuanbao wishes gaokao sitters all success in the exams', the company's chat-bot told users when they tried to upload photos of exam papers during the exam window. Chinese AI model DeepSeek also prevented users from uploading photos of test papers during the same period. Asked if photo recognition was suspended because of the exam, the chat-bot answered: 'yes. Deepseek Chat could temporarily suspend photo recognition for test question search during gaokao and other important exams'. The measure was to 'ensure fairness in the college entrance examination', the firm said, adding that relevant functions would 'return to normal after gaokao.'. Moves made by Chinese AI companies sent some students into a panic, with one user writing on social platform Weibo: 'College entrance exam candidates, you are all s**t'. 'I can't use DeepSeek to upload pictures, I have to download ChatGPT again, I hope you all go to community college​​​​', another complained. It comes after Chinese authorities last month announced the use of stricter entry checks at exam points, biometric identification, enhanced screening for digital devices, and radio signal blockers. The government already made cheating in tests a criminal act back in 2016 Members of the public have had mixed reactions to China's latest cheat-proof measures. One social media user wrote on Instagram: 'A bold but necessary step. When 13 million students are fighting limited spots, even the smallest tech loophole could disrupt fairness. Respect to China for treating academic integrity seriously.' 'China is 200 years ahead', another said. 'No wonder China is winning', a third added. Another praised China for 'leading by example', calling them 'trailblazers in modern technology'. But others were sceptical of the country's anti-cheating measures. 'This is only gonna make [students want to] cheat even more. They're [going to] to try to figure out way around this block. While China has tried to deter students from using AI technology during their exam periods, in another drastic move, schools have ironically turned to AI patrol and surveillance systems to check if pupils are cheating. These technologies are designed to detect suspicious behaviour in the exam room, such as whispering, passing objects, exchanging glances, peeking or using forbidden tools. In the province of Jiangxi, schools are known to review footage taken from exam rooms rooms to detect any potential cheaters. The suspension of certain AI functions has been widely criticized by university students who say they have been unable to use tools to assist them with their studies. The education ministry and police have repeatedly urged local governments to take the crackdown on cheating seriously, and this is not the first time China has turned to extreme xxxx in a bid to prevent cheating. In 2016, China introduced a rule that would see students sent to prison if they were caught cheating in the highly competitive exams. Cheaters can face up to seven years in jail and be banned from taking other national education exams for three years under the amendment that was made to the Criminal Law nearly a decade ago. In 2018, six people were imprisoned for their part in a scheme to cheat in school exams Exam takers were provided with wireless transmitters and receivers and told to read the questions out loud, according to the reports. Researchers off-site would then find the answers in textbooks and read them to the test takers through their receivers. The six defendants were sentenced to between 20 months and four years. University entrance exams are a moment of high stress in China, as millions of students compete for only a limited number of university places. For students from rural homes, the exam has been praised as a leveller of the playing field and a catalyst for social mobility.

Man City vs Al Ain: Get up to £40 free bets to spend on football with talkSPORT BET
Man City vs Al Ain: Get up to £40 free bets to spend on football with talkSPORT BET

The Sun

time3 hours ago

  • The Sun

Man City vs Al Ain: Get up to £40 free bets to spend on football with talkSPORT BET

MANCHESTER CITY can make it two wins from two Club World Cup games when taking on Al Ain on Monday morning. And brand new talkSPORT BET customers can claim up to £40 in free bets when they register an account and stake at least £20 on the game. How to claim talkSPORT BET offer talkSPORT BET Visit the talkSPORT website HERE* Create an account and Opt In to this promotion via the OFFERS tab Make a deposit Place your first bet up to £40, minimum £20, on any football market, at odds of Evens or greater You must do this within 7 days of registration Once that's settled - win or lose - your account will be credited with up to £40 free bets based on your first bet For example, if you stake £20, you will receive 4 x £5 free bets If you stake £40 you would receive the full 4 x £10 free bets talkSPORT BET: Get up to £40 in free bets - Claim Here* What's the offer? Brand new talkSPORT BET customers can claim a welcome bonus of up to £40 when they register an account. How to claim? Simply visit the talkSPORT BET website on your mobile device and create an account. Opt in to this promotion via the OFFERS tab and then make a deposit via debit card or Apple Pay. Stake £20 or more on any football market at odds of at least Evens. Remember, you must do this within 7 days of opening your account. What happens next? Once that's settled - win or lose - your account will be credited with up to £40 free bets based on your first bet bet. For example, if you stake £20, you will receive 4 x £5 free bets. If you stake £40 you would receive the full 4 x £10 free bets: On settlement of your qualifying bet, your account will be credited with the following: £10 free bet - Bet Builder (if your qualifying bet is £20, you will only receive a £5 free bet) £10 free bet - Correct Score (if your qualifying bet is £20, you will only receive a £5 free bet) And the following free bets, which will be credited 24 hours after the first bonus funds: £10 free bet - To Win and Both Team to Score - 90 mins (if your qualifying bet is £20, you will only receive a £5 free bet) £10 free bet - Acca 4+ selection (if your qualifying bet is £20, you will only receive a £5 free bet) You can read the full breakdown of free bets and more on how to claim talkSPORT BET's welcome offer here* *18+ New customers only. Opt in via mobile device, bet up to £40 (min. £20) on any football market at odds of 2.00+, in 7 days. Get up to £40 in free bets on selected markets. Bonuses expire in 7 days. T&Cs apply. | Please gamble responsibly Remember to gamble responsibly A responsible gambler is someone who: Read our guide on responsible gambling practices. For help with a gambling problem, call the National Gambling Helpline on 0808 8020 133 or go to to be excluded from all UK-regulated gambling websites.

EXCLUSIVE How 5,600 high rollers switched current accounts with £100,000 in the bank
EXCLUSIVE How 5,600 high rollers switched current accounts with £100,000 in the bank

Daily Mail​

time3 hours ago

  • Daily Mail​

EXCLUSIVE How 5,600 high rollers switched current accounts with £100,000 in the bank

Thousands of current account switchers have transferred with more than £100,000 in the bank, exclusive data shows. Since the start of 2024, 5,600 people have used the official Current Account Switching Service (Cass) to swap bank with six-figure sums. Many banks offer cash incentives of up to £200 to entice new customers to switch primary bank account. The process of switching accounts became smoother with the arrival of Cass in 2013 which is operated by Pay UK. It has facilitated more than 11m bank switches. In the first three months of 2025, 228,805 bank switches took place, according to bank-specific data from Cass. Of these, 995 switched their current account with balances of more than £100,000, the data reveals, representing 0.4 per cent of bank switchers. In the same period, 13,259 people moved balances between £10,000 and £99,999.99. There are some 8.3m current accounts in Britain with balances of £10,000 or more and 80pc of these accounts pay no interest, according to savings app Spring. The average current account balance is around £2,000. For those earning 0pc on £100,000, they would get £4,500 annual interest with the top paying easy-access rate from Coventry Building Society. Individuals who transfer six figure sums will also breach Financial Services Compensation Scheme (FSCS) protection. This guarantees sums of up to £85,000 per individual if a bank goes bust. John Dentry, of Pay UK, said the fact people feel safe enough to move across large sums is because it provides a secure service, guarantees completion within seven days and carries all direct debits across. If something goes wrong, Cass promises to refund interest lost and any charges. It says 99.8pc of switches complete without a problem. The Cass data also shows 50,000 people switched between £1,000 and £9,999.99 to a new bank account in the first three months of the year. But most switchers transferred between 1p and £999, with 130,824 switching this amount. Birmingham was the hotspot for switching, with just shy of 6,000 customers taking the leap. This was followed by Sheffield, Manchester and Nottingham.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store