Lightnet

What Lightnet does

Lightnet is a licensed cross-border payment infrastructure platform headquartered in Singapore with operating entities across Thailand, the Philippines, Indonesia, and Hong Kong. The company bridges traditional banking rails with blockchain-based stablecoin settlement, enabling financial institutions, crypto exchanges, OTC desks, PSPs, corporates, and merchants to move value across 150+ countries through a single API integration. Its four product modules — Digital Assets, Cross-Border Payments, Merchant Payments, and Corporate Treasury & FX — are built on distributed ledger infrastructure developed in partnership with Velo Labs and Fireblocks, processing $15B+ in annualized volume in 2024.

The company generates revenue through transaction-based fees on cross-border settlement, FX conversion spreads, digital asset on/off-ramp services, and merchant payment processing. Go-to-market is enterprise-direct, targeting financial institutions and PSPs via field sales with volume-tiered pricing up to $100M+ monthly. Lightnet's regulatory profile is its defining structural asset: it holds 12 licenses across 5 jurisdictions and was the first fintech to graduate from the Bank of Thailand sandbox program, giving it multi-jurisdictional compliance coverage that most regional competitors lack. Ownership is anchored by the CP Group family (Chatchaval Jiaravanon, $48M in 2021) with LDA Capital providing a $50M commitment in 2022, and the business is advised by Jed McCaleb (Stellar/Ripple co-founder) and other Stanford/MIT-affiliated figures.

Recent strategic activity — the KuCoin partnership (April 2026), OpenEden Treasury-as-a-Service launch (September 2025), EVOLVE Chain ecosystem participation (December 2025), and a $5M investment from Yisou Technology (August 2025) — indicates deliberate expansion from a payment-rail business into a broader tokenized-asset settlement and Web3+ finance platform serving ASEAN corporates, DAOs, and Web3 treasuries.

Name

Lightnet

Legal name

Lightnet Pte. Ltd.

Website

https://lightnet.io

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Lightnet is a Singapore-headquartered, multi-jurisdiction licensed cross-border payment infrastructure platform using blockchain and stablecoin settlement rails to serve banks, fintechs, PSPs, corporates, and merchants across 150+ countries, processing $15B+ annualized volume.

Ownership category

akta.pro rank

Product category

Cross-Border Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Miscellaneous Intermediation (523910)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221), Finance Services (6199)

akta.pro primary industry

Payments, Remittances & Merchant Acceptance (checkout, invoicing, payroll) (FSAPAEAE)

akta.pro secondary industries

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Correspondent Banking & Liquidity Network Platforms (FSAGAKAI), OTC Desks & Block Trading Networks (FSAPADAH)

Keywords

• Cross-border payments
• Blockchain settlement infrastructure
• Digital asset conversion
• Payment processing platform
• Corporate treasury management

Headquarters

HQ city

Bangkok

HQ country

Thailand

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Cross-Border Settlement and Transaction Fees: Lightnet charges transaction and settlement fees for cross-border payment processing. Institutions pay for settlement services when moving money between countries through Lightnet's regulated network. Volume-based fees likely apply given the emphasis on annualized volume processed.
2. FX and Treasury Services: Revenue generated from foreign exchange conversion services, multi-currency account management, and liquidity provision for institutional clients managing treasury operations across multiple markets.
3. Digital Asset Settlement and On/Off-Ramp Services: Fees for digital asset conversion, stablecoin settlement, and regulated on/off-ramp infrastructure services enabling institutions to convert between crypto and fiat assets.
4. Merchant Payment Processing: Revenue from merchant payment processing, including stablecoin-to-fiat conversion services, local payout infrastructure, and multi-currency collection services for platforms enabling merchant payments.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Lightnet provides a licensed global settlement network that enables financial institutions, crypto exchanges, OTC desks, PSPs, corporates, and merchants to send, receive, and manage cross-border payments and digital assets across 150+ countries through a single API. The platform combines regulated Web2 compliance with Web3 blockchain and stablecoin settlement rails, supporting cross-border transfers, fiat-to-stablecoin on/off-ramps, merchant payment processing, and multi-currency treasury operations. It processed $15B+ in annualized volume in 2024 and serves 100+ financial institution clients with access to 200k+ merchants.

Product overview

Lightnet is a global payment infrastructure platform offering four integrated product modules built on a common licensed settlement network: Digital Assets (fiat-digital asset conversion and Web2×Web3 settlement interoperability), Cross-Border Payments (global settlement across 150+ countries for institutions), Merchant Payments (access to 200k+ merchants supporting fiat, digital assets, and loyalty points), and Corporate Treasury & FX (multi-asset virtual accounts, FX execution, and programmable treasury workflows). The platform processes $15B+ annualized volume and bridges Web2 compliance with Web3 blockchain and stablecoin settlement rails.

Differentiator

Problem solved

Functional benefit

Products and services

• Digital Assets Connects institutions to both traditional rails and blockchain networks through regulated infrastructure, enabling conversion between supported fiat currencies and stablecoins, compliance-ready transactions, and Web2 × Web3 settlement interoperability. Targeted at platforms, exchanges, OTC desks, and Web3 businesses requiring regulated fiat-to-digital-asset conversion and on/off-ramp services.
• Cross-Border Payments Global settlement infrastructure supporting cross-border settlement across 150+ countries, enabling institutions to move money between countries through a single integration with market-leading FX rates, multi-currency settlement, and API-based conversion workflows. Enables transfers between cards, wallets, and bank accounts, and serves as the foundation for the platform's other product modules.
• Merchant Payments Payment network connecting platforms to 200k+ Asian merchants, enabling acceptance of stablecoins, loyalty points, and digital assets while settling to fiat currency through a single API integration. Provides 24/7 payouts in local currency outside banking hours and supports multi-currency settlement for sellers and partners.
• Corporate Treasury & FX Treasury infrastructure managing FX, liquidity, and settlement flows across supported fiat currencies and digital assets through a single regulated platform, featuring multi-asset virtual accounts, centralized FX execution, and programmable treasury workflows. Targeted at corporates and financial institutions requiring multi-currency liquidity and treasury automation.

Quantifiable outcome

• $15B+ annualized volume processed in 2024
• +4 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Six partnerships are on record, tiered major, strategic and core.

• KuCoinmajorStrategic or Co-development Partner · 29 April 2026Exploring potential collaboration to combine KuCoin's global digital asset trading ecosystem with Lightnet's cross-border payment infrastructure to establish a digital financial services ecosystem across Southeast Asia. Both parties committed to working within appropriate regulatory frameworks for broader blockchain adoption in emerging markets.
• EVOLVE ChainstrategicTechnology or Integration · 10 December 2025Velo Protocol partnership expanding Web3+ finance ecosystem through collaborations with EVOLVE Chain, Lightnet, and OpenEden, including product launches and listings across Asia.
• OpenEdenmajorStrategic or Co-development Partner · 12 September 2025Velo Protocol and Lightnet Group partnered with OpenEden, provider of tokenized US Treasury bills, to develop Treasury-as-a-Service platform and regional settlement network spanning Asia. Platform enables businesses, DAOs, and Web3 treasuries to access tokenized US Treasuries while facilitating cross-border payments across ASEAN. OpenEden's TBILL carries 'A' from Moody's and 'AA+' from S&P.
• Velo LabscoreTechnology or IntegrationLeveraging Velo Labs' blockchain technology for blockchain-based remittance services, enhancing cross-border payments and remittance systems to foster financial mobility and inclusivity.
• SCB (Siam Commercial Bank)strategicStrategic or Co-development PartnerPartnership with SCB and Fireblocks to launch stablecoin-based international payment service, demonstrating fiat-digital asset interoperability through Bank of Thailand fast-track approval.
• FireblocksstrategicTechnology or IntegrationPartnership with SCB and Fireblocks to launch stablecoin-based international payment service, providing institutional-grade digital asset infrastructure.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Ripple: Ripple provides cross-border settlement using XRP and stablecoins for banks and payment providers globally, with established corridors across Asia. Direct competitor in institutional cross-border payments, but at significantly larger scale and broader bank network.
• Wise: Wise (formerly TransferWise) operates one of the largest cross-border payment networks for consumers and businesses with mid-market FX rates. Targets similar cross-border corridors as Lightnet but focuses more on SMB/consumer rather than institutional stablecoin settlement.
• MoneyGram: MoneyGram operates one of the largest global remittance and cross-border P2P/payment networks with strong emerging market coverage. Lightnet is a MoneyGram partner via the Stellar ecosystem; comparable in remittance use cases but MoneyGram serves retail directly.

Direct peers

• Stellar Development Foundation: Stellar is a blockchain-based settlement network specifically designed for cross-border payments and remittances. Lightnet's Velo Protocol is built on Stellar's technology and Jed McCaleb (Stellar co-founder) is a Lightnet advisor, making this a closely aligned technology peer.
• Nium: Nium is a Singapore-headquartered cross-border payments-as-a-service platform serving banks, fintechs, and corporates across 100+ corridors. Highly comparable geography, customer base (financial institutions), and product set (cross-border payments, FX, treasury).
• Thunes: Thunes is a global cross-border payments network connecting 130+ countries with deep mobile wallet and emerging market coverage. Closely comparable in serving financial institutions and PSPs with multi-corridor settlement, with stronger emerging market wallet coverage.
• Airwallex: Airwallex provides cross-border payments, multi-currency accounts, and FX for global businesses, with strong APAC presence. Comparable in geography (Hong Kong/Asia HQ) and product set (multi-currency treasury, cross-border B2B payments, FX).
• Fireblocks: Fireblocks provides institutional digital asset infrastructure (custody, settlement, tokenization) and is an existing Lightnet partner via SCB. Comparable in serving institutional clients moving value across digital asset networks, with stronger custody focus.

Emerging players

• Circle: Circle issues USDC stablecoin and is building its own cross-border settlement network (Circle Payments Network) for financial institutions. Competes with Lightnet's stablecoin settlement rails and could become both a partner and competitor as it expands APAC.

Regional players

• Tranglo: Tranglo is an APAC-focused cross-border payment hub headquartered in Malaysia, serving money transfer operators, banks, and fintechs with payout across 150+ countries. Highly comparable regional focus and corridor coverage, with stronger Southeast Asia heritage.

Market position

Strengths3 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights1 record

Customer concentration

• LinkedInlinkedin.com/company/lightnetgroup
• Xx.com/lightnetgroup

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries5 records

Funding overview

Funding rounds5 records

Investors8 records

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

M&A

Investments

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

Frequently asked questions about Lightnet