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The Singapore stablecoin cross-border payment company XWeave has completed a $3 million seed round financing, led by Lightshift and others.
PANews May 6 news, according to TNGlobal, Singapore stablecoin cross-border payment company XWeave announced the completion of a $3 million seed round financing, led by Jungle Ventures and Lightshift, with participation from White Star Capital, Fabric Ventures, DCG, The Venture Dept., and venture studio Menyala. XWeave aims to combine traditional fiat currency systems with stablecoin networks to support cross-market instant, Compliance, and cost-effective fund flows. Its non-custodial infrastructure allows institutions to conduct cross-border transactions without holding user funds. The new funding will support its expansion into the Middle East and other regions of Asia.