WSPN

What WSPN does

WSPN (Worldwide Stablecoin Payment Network) is a Singapore-based stablecoin infrastructure company founded in 2023 that provides enterprise-grade digital payment solutions built on multi-chain blockchain technology. The company serves over 500 institutional clients globally and processes more than $10 million in daily transaction volume. Its flagship product is WUSD, a fully fiat-collateralized stablecoin pegged 1:1 to the US Dollar with reserves integrated with Ondo's tokenized U.S. Treasury products, supported by infrastructure deployed across 8+ blockchain networks including Ethereum, Polygon, Base, Arbitrum, Avalanche, Solana, TRON, BSC, Conflux, and Viction.

The platform offers a full-stack product suite: W Checkout (merchant payment integration deployable in under 7 days supporting WUSD, USDT, USDC, PYUSD, DAI, and EURC), W Earn (a ~4% yield product backed by U.S. Treasury bills and money market funds), the WSPN Card (Visa-backed for stablecoin spending), WSPN Swap (1:1 lossless stablecoin exchange), a White-Label Stablecoin Solution enabling enterprises to issue their own branded stablecoins, Wallet-as-a-Service, and the May 2026-launched W Agent for AI agent commerce. Technology highlights include ISO/IEC 27001:2022 certification, sub-5-minute mint/redeem operations, 24/7 availability, and GDPR/AML/KYT compliance frameworks.

WSPN generates revenue through stablecoin transaction and settlement fees, white-label stablecoin licensing, W Earn yield spread, and API/platform subscription fees via Wallet-as-a-Service. Distribution combines direct enterprise sales with channel partnerships through Visa, Mastercard, dtcpay, HIFI, ArrivalX, and TradeGo. Following a $30 million seed round in August 2024 led by Folius Ventures and Foresight Venture, with former Visa President John Partridge joining the board, WSPN has pursued aggressive expansion through the July 2025 acquisition of Dutch E-Money Institution Aplauz NL B.V., MSB registration in the US, and licensed partnerships with IDEG in Hong Kong and BVI.

Name

WSPN

Legal name

WSPN (Worldwide Stablecoin Payment Network)

Website

https://wspn.io

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

WSPN is a Singapore-based stablecoin infrastructure company offering WUSD (a USD-pegged stablecoin), merchant checkout, yield products, and white-label issuance across 8+ blockchains. It serves 500+ institutional clients globally via API-first enterprise solutions and multi-jurisdictional licensing.

Ownership category

akta.pro rank

Product category

Stablecoin Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Credit Card Issuing (522210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Stablecoin Payment Rails & Settlement Networks (Issuer-Led) (FSADADAF)

akta.pro secondary industries

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB), Payments, Remittances & Merchant Acceptance (checkout, invoicing, payroll) (FSAPAEAE), On/Off-Ramps & Fiat Liquidity Providers for Stablecoins (FSADADAG), Stablecoin Issuers (Fiat-Backed) (FSADADAA), POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO)

Keywords

• Stablecoin infrastructure
• Digital payment network
• Cross-border settlement
• Multi-chain payments
• White-label stablecoin

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales, Others

Revenue model

1. Stablecoin Transaction/Settlement Fees: WSPN earns fees from processing stablecoin transactions and settlements through its payment infrastructure (W Checkout, W Agent, Global Payment). Fees are likely charged on a per-transaction basis across on-chain settlement and merchant acquiring.
2. White-Label Stablecoin Licensing: WSPN provides turnkey white-label stablecoin infrastructure to enterprises and financial institutions, generating licensing and infrastructure fees for allowing partners to issue branded stablecoins using WSPN's production-grade technology stack.
3. W Earn Yield Product: W Earn generates yield for WUSD holders (approximately 4% indicative yield from U.S. Treasury bills and money market funds). Revenue may be generated through the spread between yields earned on reserves and yields passed to stablecoin holders, targeting institutional and B2B clients.
4. API/Platform Fees (WaaS): WSPN's Wallet-as-a-Service (WaaS) and orchestration API platform likely generates recurring fees from enterprise clients accessing infrastructure for stablecoin custody, deposits, withdrawals, transfers, and compliance tooling.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

WSPN provides enterprise-grade stablecoin payment infrastructure built on the WUSD stablecoin (1:1 USD peg, fully fiat-collateralized) deployed across 10+ blockchain networks. The platform delivers Wallet-as-a-Service, Payments Orchestration APIs, merchant checkout (W Checkout), yield (W Earn), AI-agent payments (W Agent), white-label stablecoin issuance, and Visa-backed card spending for financial institutions, enterprises, merchants, and consumers.

Product overview

WSPN is a next-generation stablecoin infrastructure company offering a comprehensive full-stack ecosystem of digital payment solutions. The core offering centers on WUSD, a fully fiat-collateralized stablecoin pegged 1:1 to the US Dollar, supported by a robust multi-chain infrastructure spanning 8+ blockchains (Ethereum, Polygon, BSC, Base, Conflux, Viction, Arbitrum, Avalanche, Solana, TRON). The platform provides three interconnected layers: (1) Core Infrastructure including Wallet-as-a-Service (WaaS), Payments Orchestration APIs, and Global Payment Network for payment orchestration; (2) Payment Products including WSPN Checkout for merchant e-commerce integration, On/Off Ramp Services for fiat-stablecoin conversion, and W-Card for Visa-backed spending; and (3) Value-Added Services including W Earn for institutional treasury yields (~4%), W Agent for AI Agent Economy payments, and WSPN Swap for 1:1 lossless stablecoin trading. The ecosystem also includes White-Label Stablecoin Solutions enabling enterprises to issue branded stablecoins. Recent developments include the December 2025 Global Payment infrastructure upgrade supporting multiple currencies (USD, EUR) and stablecoins (USDT, USDC, PYUSD, DAI, EURC), and the May 2026 launch of W Agent for autonomous AI agent commerce.

Differentiator

Problem solved

Functional benefit

Brands

• WUSD: Fully fiat-collateralized stablecoin pegged 1:1 to the US Dollar, issued by WSPN, providing reliable digital dollar for payments, settlements, treasury operations, and DeFi engagement.
• WSPN Checkout
• W Earn
• W Agent
• White-Label Stablecoin Solution
• Global Payment

Products and services

• WUSD Stablecoin WSPN's flagship fully fiat-collateralized stablecoin pegged 1:1 to the US Dollar, serving financial institutions, enterprises, merchants, DeFi protocols, and consumers as a stable digital dollar for payments, settlements, treasury operations, and DeFi engagement.
• WSPN Checkout Productized stablecoin payment solution for e-commerce merchants and retailers, enabling merchants to accept stablecoin payments (WUSD, USDT, USDC) with real-time settlement, lower costs, and adaptable payment flows across multiple blockchain networks; deployable in under 7 days.
• W Earn Yield product for WUSD stablecoin holders offering approximately 4% indicative yield generated from investments in U.S. Treasury bills and money market funds, designed for institutional and B2B clients with full liquidity and regulatory compliance.
• W Agent Stablecoin payment skill for the AI Agent Economy enabling autonomous agents to discover merchants, place orders, and settle payments end-to-end across multiple chains with human-in-the-loop controls; targets AI agent platforms, merchants serving agents, and enterprise automation use cases.
• White-Label Stablecoin Solution Turnkey white-label stablecoin issuance solution for enterprises and financial institutions wanting to deploy branded stablecoins, including client-controlled mint/burn smart contracts, custody and wallet infrastructure, KYT compliance layer, and front-end APIs; WSPN is already powering a euro-denominated stablecoin for an EU-based partner.
• Wallet-as-a-Service (WaaS) Full-stack digital wallet infrastructure and API suite enabling rapid deployment of stablecoin custody, deposits, withdrawals, and transfers with built-in compliance (KYT/AML, transaction monitoring), seamless integration, and white-label customization for enterprise clients.
• Global Payment Network Unified payment orchestration API layer connecting traditional finance and digital assets, supporting multiple fiat currencies (USD via Wire/ACH, EUR via SEPA), multiple stablecoins (USDT, USDC, PYUSD, DAI, EURC), and multiple blockchain networks, with on/off-ramp, cross-chain conversion, token swapping, and AutoRamp automated conversion functionality.
• WSPN Card (W-Card) Virtual and physical card solution backed by global Visa network (in partnership with dtcpay), enabling users to spend stablecoins at millions of merchants worldwide; offers dual-funding with WUSD or USD and regulated trust through licensed Major Payment Institution backing.
• On/Off Ramp Services Conversion services between fiat currencies (USD, EUR) and stablecoins supported by a trusted network of integrated partners, providing efficient on/off-ramp solutions for both enterprise and consumer users.
• WSPN Wallet Digital wallet serving as the gateway to the WSPN digital payment ecosystem, enabling users to manage stablecoins, access W Earn yields, swap, and interact with WSPN services.
• WSPN Swap Deep liquidity feature enabling instant, low-slippage trading between stablecoins at exact 1:1 value, 24/7 with no slippage, no fees, and no loss.

Quantifiable outcome

• Processes over $10 million in daily transaction volume
• +8 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration27 records

AI capability3 records

Feature9 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• HIFIcoreTechnology or Integration · 20 January 2026WSPN partnered with HIFI, a licensed payment infrastructure provider, to enable institutional clients to convert between stablecoins and fiat currencies for cross-border payment settlements. The integration combines WSPN's stablecoin infrastructure with HIFI's licensed payment network, allowing businesses to onramp fiat to stablecoins, transfer value across borders via blockchain rails, and offramp to local currencies while avoiding traditional correspondent banking delays (3-7 days) and costs (3-7% fees).
• TradeGocoreStrategic or Co-development Partner · 23 December 2025WSPN and TradeGo partnered to digitize commodity documentation and enable stablecoin-based cross-border settlements across Australia, Asia, and Latin America. The integration combines WSPN's USD-backed stablecoin technology with TradeGo's blockchain-based electronic Bill of Lading (eBL) infrastructure, synchronizing cargo title transfers with instant on-chain stablecoin payment to replace multi-day clearing cycles.
• ArrivalXcoreStrategic or Co-development Partner · 11 December 2025WSPN and ArrivalX announced a strategic partnership to combine stablecoin technology with cross-border payment infrastructure for faster settlement times and lower transaction costs for enterprise clients. The integrated platform targets advertisers, e-commerce platforms, SaaS providers, and crypto-native businesses in emerging markets.
• Aplauz NL B.V.coreTechnology or Integration · 1 July 2025WSPN completed the acquisition of Aplauz NL B.V., a Dutch Electronic Money Institution, in July 2025 (approved by De Nederlandsche Bank in June 2025). Aplauz NL B.V. holds an E-Money Institution (EMI) License (File Number: 77446844), which is a cornerstone of WSPN's European operations, allowing issuance of e-money and provision of payment services in accordance with EU directives.
• IDEG (IDEG Trust Company Limited, Hong Kong)coreStrategic or Co-development PartnerWSPN entered into a broad strategic partnership with IDEG group of companies to enhance compliance, security, and operational standards across key international markets. IDEG Trust Company Limited (Hong Kong) holds a TCSP License (No. TC007776) issued by the Hong Kong Companies Registry, supporting WSPN's operational integrity and trust services framework in the region.
• IDEG Asset Management Limited (British Virgin Islands)coreStrategic or Co-development PartnerIDEG Asset Management Limited holds a British Virgin Islands Approved Investment Manager license issued by the BVI Financial Services Commission (FSC) since March 10, 2022. This partnership supports aspects of WSPN's asset management framework within another key international regulatory environment.
• dtcpaycoreChannel Partner/ Reseller/ Distributordtcpay enables Metro Department Store customers to pay with select stablecoins including WUSD, as part of its broader initiative to allow stablecoin payments at retail merchants. WSPN's WUSD is integrated into dtcpay's payment infrastructure deployed at Metro Department Store's point-of-sale systems in Singapore.
• Kotani PayminorChannel Partner/ Reseller/ DistributorKotani Pay supports WSPN's mission to bridge traditional and digital finance in Africa by enabling greater access to stablecoins. The partnership helps connect more Africans to the global financial system through WSPN's stablecoin infrastructure.
• Coin98minorChannel Partner/ Reseller/ DistributorEcosystem partner providing wallet and DeFi infrastructure that integrates with WSPN's stablecoin ecosystem.

Scale indicators8 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Circle: Issuer of USDC, the largest regulated U.S. dollar stablecoin, with comprehensive API-based payment and treasury infrastructure. Circle is the most direct comparable to WSPN as a fiat-backed stablecoin issuer delivering enterprise-grade payments and developer tooling.
• Tether: Issuer of USDT, the highest-volume stablecoin globally, deployed across multiple chains for payments, trading, and remittances. Tether represents the incumbent that any new multi-chain stablecoin issuer, including WSPN, must compete against on liquidity and merchant reach.
• Paxos: Regulated blockchain infrastructure platform issuing regulated stablecoins (PYUSD, PAXG) and offering custody, payments, and tokenization APIs. Paxos mirrors WSPN's combination of a regulated stablecoin issuer plus enterprise API/white-label infrastructure.
• Ripple: Provider of XRP-based cross-border payments (RippleNet/RLUSD), targeting institutional treasury and remittance flows. Ripple is comparable to WSPN on the cross-border B2B stablecoin settlement thesis, though with a proprietary token rather than a fiat-collateralized multi-chain coin.
• Fireblocks: Institutional digital-asset custody, wallet, and payment-infrastructure platform serving 1,800+ financial institutions. Fireblocks overlaps with WSPN's WaaS, multi-chain wallet, and compliance layer, and appears on WSPN's ecosystem page as a partner.
• BVNK: Stablecoin and fiat payment orchestration platform for enterprise merchants and platforms. BVNK directly parallels WSPN's Global Payment Network, W Checkout, and white-label capabilities targeting the same enterprise treasury and merchant acquiring use cases.
• Alchemy Pay: Crypto-fiat on/off-ramp and merchant checkout provider integrated across Web3 and traditional commerce. Alchemy Pay competes head-on with WSPN's on/off-ramp services and merchant acquiring flows, and is listed in WSPN's partner ecosystem.
• BitPay: Long-standing crypto payment processor for merchants and consumers, with multi-token support and a crypto-backed debit card. BitPay is comparable to WSPN on the merchant-acceptance side of the value proposition.
• Zero Hash: Embedded crypto and stablecoin infrastructure (custody, execution, on/off-ramps, payments) sold to fintechs and banks via APIs. Zero Hash parallels WSPN's white-label/API-first infrastructure-for-platforms model for stablecoin and payments.

Broad incumbents

• Coinbase: Largest U.S. crypto exchange and broader crypto financial-services platform, with USDC distribution and Coinbase Pay/Stablecoin commerce products. Coinbase overlaps with WSPN but is a much broader incumbent rather than a pure-play stablecoin/payments infrastructure provider.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/wspnpayment
• LinkedInlinkedin.com/company/wspn

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WSPN