What XREX does

XREX is a Taipei-headquartered, blockchain-enabled financial institution founded in 2018 that operates a regulated crypto-fiat fintech platform targeting financial inclusion and cross-border payments in emerging markets across East Asia, Southeast Asia, and Africa. The company's core technology stack combines crypto-fiat exchange infrastructure with USDT-based settlement rails and proprietary stablecoin products, including XAU1 (a gold-backed stablecoin over-reserved with Tether Gold) and a USD-pegged stablecoin co-developed with the Unitas Foundation. It complements these products with purpose-built RegTech tooling for compliance, AML, and prevention of illicit use of stablecoins — positioning compliance as a defensible capability rather than a cost center.

XREX generates revenue primarily through transaction fees on crypto-fiat conversions and on cross-border USDT payment flows. Its go-to-market is enterprise and B2B-led rather than consumer-led: the company builds channel partnerships with traditional financial institutions and integrates its rails into digital wallets on an OEM/embedded basis, with stated expansion targets in Singapore, Hong Kong, and South Africa. The customer base is segmented along two primary axes — emerging-market end users underserved by local financial infrastructure, and financial institutions / digital wallets seeking crypto-fiat integration capabilities.

The company has raised approximately $42.75 million across three funding rounds: a $7 million round led by AppWorks in 2019, a $17 million Pre-Series A led by CDIB Capital Group in 2021, and a $18.75 million strategic investment from Tether in June 2024 that anchors the stablecoin and RegTech roadmap. Leadership comprises co-founders Wayne Huang (CEO) and Winston Hsiao (CRO), alongside Sun Huang as Chief Security Officer and General Manager. The company remains privately held and is not a subsidiary of Tether; the Tether investment is a minority strategic stake.

Name

XREX

Legal name

XREX

Website

https://xrex.io

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

XREX is a Taipei-based, regulated blockchain financial institution founded in 2018 that provides crypto-fiat exchange, USDT-based cross-border payments, and proprietary stablecoins (XAU1 and a USD-pegged coin) targeting financial inclusion for underserved users and B2B partners across emerging markets in Asia and Africa.

Ownership category

akta.pro rank

Product category

Cross-Border Payments & Stablecoin Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (523210)

SIC

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

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industries

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Fiat On/Off-Ramps & Payment Rails (Exchange-Operated) (FSADAAAF), Governance, Controls & Policy Automation (GRC for Web3) (FSAPAJAG)

Keywords

• Cross-border payments
• Stablecoin issuance
• Crypto-fiat exchange
• Regulatory technology
• Digital asset banking

Headquarters

HQ city

Taipei

HQ country

Taiwan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Crypto-Fiat Exchange Services: Facilitation of cryptocurrency to fiat currency conversion and trading services
2. Cross-Border Payment Services: Cross-border payment solutions using USDT for emerging markets, generating fees on transactions

Go-to-market motion2 records

Distribution channels2 records

Core offering

XREX is a regulated blockchain-enabled financial institution that provides crypto-fiat currency exchange services, cross-border payment solutions using USDT, and regulatory technology (RegTech) compliance tools. It serves financial institutions, digital wallet providers, and underserved communities in emerging markets, enabling USD access, currency stability, and financial inclusion through licensed digital asset infrastructure developed in partnership with Tether and the Unitas Foundation.

Product overview

XREX is a regulated blockchain-enabled financial institution (crypto-fiat FinTech company) headquartered in Taiwan, focused on financial inclusion and cross-border payments in emerging markets. The company operates a multi-product portfolio centered around USD-pegged stablecoins including XAU1 (gold-backed stablecoin) and standard USD-pegged stablecoins, complemented by RegTech solutions for compliance and anti-money laundering. XREX works alongside the Unitas Foundation and partners with Tether to develop regulated payment solutions using USDT for cross-border transactions, targeting underserved communities in developing economies.

Differentiator

Problem solved

Functional benefit

Products and services

• XAU1 Stablecoin A gold-backed stablecoin issued by XREX in partnership with Tether, pegged to USD and over-reserved with Tether Gold. Designed to provide currency stability and an inflation hedge for users and partners in emerging markets who lack reliable USD access through local banking infrastructure.
• USD-Pegged Stablecoin A regulatory-compliant USD-pegged stablecoin developed by XREX in collaboration with Tether and the Unitas Foundation. Aimed at enhancing financial stability, compliance, and cross-border payment solutions for financial institutions, digital wallet providers, and underserved communities in developing economies.
• RegTech Solutions Regulatory technology tools built by XREX to ensure compliance, prevent illegal use of stablecoins, and strengthen security across cross-border financial transactions. Targeted at financial institutions, digital wallet providers, and internal stablecoin operations requiring AML, sanctions screening, and transaction-monitoring controls.
• Crypto-Fiat Exchange Services Facilitation of cryptocurrency-to-fiat currency conversion and trading services operated by XREX as a regulated blockchain-enabled financial institution. Serves users, financial institutions, and digital wallet partners in emerging markets needing compliant crypto-fiat on/off-ramps.
• Cross-Border Payment Services Cross-border payment solutions using USDT, operated by XREX for emerging markets and distributed through financial institution and digital wallet partners. Generates revenue through transaction fees on each cross-border transfer, targeting underserved remittance corridors.

Quantifiable outcome

• Improved financial inclusion in emerging markets through accessible digital asset services

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Unitas FoundationcoreStrategic or Co-development PartnerXREX works alongside the Unitas Foundation for stablecoin development, including the USD-pegged stablecoin initiative. The collaboration focuses on financial stability and accessible financial services.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Circle: Issuer of USDC, a regulated USD stablecoin, with a strong compliance posture and growing emerging-market remittance rails. Closely comparable to XREX on regulated stablecoin issuance and cross-border payment infrastructure.
• Bitso: Latin America's largest crypto exchange with deep cross-border USD remittance corridors (notably Mexico-U.S.). Directly comparable to XREX on emerging-market crypto-fiat exchange and stablecoin-based remittance use cases.
• Bitfinex: Cryptocurrency exchange operated by iFinex, the parent of Tether. Shares the Tether ecosystem, stablecoin distribution, and cross-border crypto-fiat corridors that XREX operates in, with overlap in USDT-based emerging-market payment flows.
• Paxos: Regulated blockchain infrastructure platform issuing USDP and PAXG (gold-backed) stablecoins. Directly comparable to XREX's regulated, compliance-first stablecoin issuance model and RegTech orientation.
• MoonPay: Fiat-to-crypto on/off-ramp infrastructure provider integrated with wallets and Web3 applications. Comparable to XREX's fiat on/off-ramp and digital wallet integration distribution model.
• Yellow Card: Africa-focused crypto exchange and on/off-ramp network operating across 20+ African countries. Highly comparable to XREX on emerging-market geographic focus, USD stablecoin rails, and financial-inclusion mission.
• Ripple: Enterprise blockchain payment network (RippleNet, RLUSD stablecoin) targeting cross-border corridors with bank partnerships. Comparable to XREX's B2B cross-border payments model and emerging-market bank-channel distribution strategy.
• Coins.ph: Philippines-headquartered crypto exchange and digital wallet licensed by the Bangko Sentral ng Pilipinas. Comparable to XREX on Southeast Asian emerging-market focus, fiat on/off-ramps, and remittance corridors.

Broad incumbents

• Binance: World's largest crypto exchange by volume, with broad emerging-market presence and its own stablecoin (BUSD historical, FDUSD). Competes broadly with XREX across exchange, stablecoins, and remittance, but lacks XREX's emerging-market specialization and Tether alignment.
• Stripe: Global payments infrastructure provider now expanding into stablecoin settlement and crypto on-ramps. Comparable as a cross-border payments platform with growing digital-asset rails, though operating from a much broader incumbent base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/xrexinc
• Facebookfacebook.com/xrexinfo
• LinkedInlinkedin.com/company/14437499

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors16 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 XREX