UPCX
UPCX is a Singapore-based blockchain company that operates an open-source, Graphene-based decentralized payment network with smart contracts, a built-in DEX, and cross-chain bridges, targeting financial institutions, crypto exchanges, enterprises, and consumers in Japan and other Asian markets.
- Company typePrivate
- Founded-
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What UPCX does
UPCX, operated by Singapore-incorporated UPCX-Platforms Pte. Ltd., is a private blockchain company that has built an open-source, smart-contract-enabled decentralized payment network targeted at financial institutions, crypto exchanges, corporate clients, developers, and underbanked consumers. The platform is based on a payments-specialized fork of Cryptonomex's Graphene technology, combined with a hybrid Delegated Proof of Stake (DPoS) and Byzantine Fault Tolerance (BFT) consensus, and is claimed to deliver 100,000 TPS with approximately one-second payment finality, alongside features such as named accounts, NFC/QR push and pull payments, offline payments, a built-in decentralized exchange (DEX), cross-chain bridges to Ethereum and COSMOS, and post-quantum cryptography via Ring-LWE. The mainnet launched in October 2024; subsequent product rollouts include the UPCX Wallet (closed beta April 2024), UPCX DEX (closed beta May 2024), UPCX Bridge (January 2025), the UPCX Hardware Wallet, the UPCX POS application, and a pre-launched UPCX Name Marketplace.
The native UPC token (total supply 780 million) is used for transaction fees, staking, smart-contract execution, and governance, while the ecosystem supports user-issued assets (UIA), market-pegged stablecoins (MPA) over-collateralized at 200%, and non-fungible assets (NFA). Revenue mechanics at the network level consist of transaction fees, staking rewards, DEX trading fees, and MPA network fees, but the corporate entity does not disclose revenue and appears to monetize indirectly via the token economy and hardware-wallet sales. Distribution is anchored by strategic partnerships with NTT Digital (enterprise market introduction in Japan and globally) and Paycle Inc. (SDKs and APIs), with brand-building through title sponsorship of WebX 2025/2026 and sports sponsorships including the World Aquatics Championships, Formula E Tokyo E-Prix, and KLP48.
UPCX firmographics
Firmographics- Name
- UPCX
- Legal name
- UPCX-Platforms Pte. Ltd.
- Website
- https://upcx.io
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- UPCX is a Singapore-based blockchain company that operates an open-source, Graphene-based decentralized payment network with smart contracts, a built-in DEX, and cross-chain bridges, targeting financial institutions, crypto exchanges, enterprises, and consumers in Japan and other Asian markets.
- Ownership category
- akta.pro rank
UPCX industry classification
Industry- Product category
- Blockchain Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD)
- akta.pro secondary industries
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Stablecoin Payment Rails & Settlement Networks (Issuer-Led) (FSADADAF), Smart Contract Wallets / Account Abstraction (MPC/AA, social recovery, paymasters) (FSAPACAB)
Keywords
Where UPCX is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices2 records
Markets served
UPCX business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Network Transaction Fees: Users pay network fees for transactions on UPCX, which are distributed to block generation rewards, fee pool, and referral program commissions, funding network maintenance and ecosystem expansion.
- Staking Rewards Distribution: UPC holders can delegate to witnesses and earn staking rewards. Witnesses receive compensation for block generation and network security contributions.
- UPCX DEX Trading Fees: Fees generated from trading on the decentralized exchange, with portions returned to MPA issuers and network participants.
- MPA (Stablecoin) Network Fees: MPA issuers receive fees when users pay network fees using their stablecoins, creating a revenue stream for issuers.
- UPC Token Utility: UPC serves as the native token for transaction processing, security maintenance, smart contract execution, and governance participation.
Go-to-market motion3 records
Distribution channels6 records
Marketing channels8 records
UPCX product offering
Product offeringCore offering
UPCX provides an open-source, smart-contract enabled decentralized payment network built on a Graphene-based blockchain with hybrid DPoS and BFT consensus, achieving 100,000 TPS and ~1-second payment finality. Its product ecosystem includes a mobile wallet, POS application, hardware wallet, decentralized exchange, cross-chain bridge, price oracle, and a multi-asset token framework (UPC, MPA stablecoins, UIA, NFA) optimized for retail payments, cross-border remittances, and financial inclusion.
Product overview
UPCX is an open-source blockchain payment platform built as a platform-plus-modules architecture. The core platform provides a high-speed blockchain (100,000 TPS) with smart contract capabilities for decentralized payments and financial services. The ecosystem includes multiple integrated products: the UPCX Wallet (mobile application for payments via QR/NFC/offline), UPCX POS Application (business payment processing), UPCX Hardware Wallet (card-style NFC wallet with quantum-resistant security), and UPCX DEX (decentralized exchange). Cross-chain interoperability is enabled through UPCX Bridge (connecting to Ethereum) and the UPCX Cross-Chain Bridge (using COSMOS protocol). The native token economy supports multiple asset types including UPC (native token), UIA (user-issued assets), MPA (stablecoins), and NFA (non-fungible assets), all accessible through the UPCX Name Marketplace for trading named accounts.
Differentiator
Problem solved
Functional benefit
Brands
- UPC: Native token of the UPCX blockchain ecosystem, used for transaction processing, network security, smart contract execution, and fee payments.
- UPCX Wallet
- UPCX DEX
- UPCX Bridge
- UPCX Name Marketplace
- Fanlink
Products and services
- UPCX Blockchain Platform Open-source smart-contract enabled decentralized payment network providing high-speed blockchain infrastructure optimized for payments and financial services, with 100,000 TPS throughput and sub-second finality. For financial institutions, payment providers, and developers building decentralized applications.
- UPCX Wallet Mobile wallet application for Android and iOS enabling intuitive blockchain payments via QR code scanning, NFC tap-to-pay, and offline payment functionality. For end users and merchants.
- UPCX POS Application Point-of-sale application for Android and iOS enabling payment processing and inventory management for businesses, supporting UPC, UIA, and MPA payments. For merchants accepting blockchain-based payments.
- UPCX Hardware Wallet Card-style hardware wallet utilizing NFC technology for seamless transactions with quantum-resistant cryptographic algorithms (Ring-LWE based). For users and institutions requiring secure cold storage of UPCX-based assets.
- UPCX DEX Decentralized exchange built into the UPCX platform enabling seamless conversion between various currency pairs and timely, accurate, and cost-effective transfers between senders and recipients. For traders and payment users.
- UPCX Bridge Cross-chain bridge enabling interoperability between UPCX chain and Ethereum chain (ERC-20), allowing bidirectional UPC token transfers. For users and developers needing Ethereum interoperability.
- UPCX Name Marketplace Marketplace for trading named accounts on UPCX blockchain, allowing users to buy, sell, or auction account names to bring asset value to blockchain addresses. For UPCX blockchain users.
- UPC (Native Token) Native cryptocurrency of the UPCX ecosystem used for transaction processing, network security, smart contract execution, and payment of network fees. For network participants, developers, and users.
- MPA (Market Pegged Asset / Stablecoin) Stablecoins collateralized by real-world assets such as USD, EUR, and gold, backed by over 100% value (200% over-collateralization rate) through UPCX's smart contracts. For issuers and payment users.
Quantifiable outcome
- 100,000 TPS achieved on mainnet, surpassing Visa's 24,000 TPS average
- +3 more outcomes
Companies that use UPCX
Customer profileSegments6 records
Ideal customer profiles4 records
UPCX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature19 records
UPCX partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered flagship, core, strategic, major and minor.
- NTT DigitalflagshipMOU signed to jointly promote research and development of next-generation decentralized payment systems. NTT Digital facilitates market introduction for corporate clients, financial institutions, and crypto asset exchanges in Japan and global markets, supporting UPCX's ecosystem development.
- Paycle Inc.coreMOU for technical collaboration. Paycle provides technical specifications and develops SDKs and APIs for the UPCX blockchain, contributing to the platform's developer ecosystem and integration capabilities.
- MEGALINK Co., LTDstrategicMOU for future strategic partnership. Korean Web3 gaming platform providing onboarding gateway for AAA games developed using Unreal Engine, exploring joint research and development in Web3 platform domain.
- Formula E (ABB FIA World Championship)majorAssociate Race Partner of the 2025 Tokyo E-Prix. Strategic partnership aligning UPCX's blockchain technology with Formula E's sustainable mobility vision.
- Fukuoka City GovernmentminorCourtesy visit to Japan's Minister of Digital Affairs with Fukuoka Mayor, discussing UPCX blockchain technology characteristics, use cases, and Web3 industry taxation issues in Japan.
- VNX Commodities AGstrategicMOU for cooperation to deploy VNX stablecoins (VEUR, VCHF) and product tokens (VNXAU) on UPCX blockchain, with joint business development and marketing activities in EU and Japan.
- World AquaticsmajorOfficial blockchain payment sponsor for World Aquatics Championships Doha 2024 and 2024 Swimming World Cup. Fan voting initiative using UPCX blockchain technology for the UPCX Breakout Athlete Award.
- General Next Generation Sensor Association (Japan)minorThree-party business partnership with Paycle and UPCX for integrating blockchain technology with sensor technology for secure and efficient data management and analysis in IoT and smart city applications.
- 48 Entertainment Sdn. Bhd.strategicStrategic partnership for developing a social tipping platform for KLP48 idol group. Joint development of digital fan engagement platform leveraging UPCX's blockchain technology.
- Ryuha Terada (Professional Boxer)minorSponsorship contract with professional boxer as part of the Fanlink concept - a Web3 fan engagement mechanism using NFTs and token economies for direct athlete-fan interaction.
- Paycle Inc. (Business Partnership)coreInitial business partnership agreement leveraging Paycle's knowledge in Fintech, Blockchain, AI, and Quantum-Resistant Cryptographic Algorithms to accelerate UPCX product and service development.
Scale indicators8 records
Recent moves6 records
Expansion highlights7 records
UPCX competitors and assessment
Company assessmentEmerging players
- Aptos Labs: Aptos is a Move-based Layer 1 with high-throughput payment and asset-tokenization ambitions and a deep VC-backed roadmap; an emerging competitor for UPCX targeting financial-services-grade use cases.
- Internet Computer (DFINITY): The Internet Computer is an alternative smart-contract platform offering on-chain hosting and high throughput; an adjacent peer to UPCX in offering an alternative L1 stack for payments and dApp workloads.
Direct peers
- EOS Network Foundation: EOS shares UPCX's graphene-based technology heritage (Cryptonomex Graphene with DPoS+BFT consensus) and targets similar high-throughput smart-contract and payment workloads, making it the most technically analogous peer in the dataset.
- Algorand Foundation: Algorand is a Layer 1 blockchain targeting payments, asset tokenization, and traditional-finance integration — closely comparable to UPCX in customer segment (banks, payment providers) and use cases (stablecoins, tokenized assets, settlement).
- Avalanche Foundation: Avalanche is a subnet-based Layer 1 with subnets tailored for payments and asset issuance, competing for enterprise payment and stablecoin deployment workloads that UPCX also targets with MPA and its own chain.
- Sui Foundation: Sui is a high-throughput Move-based Layer 1 with strong claims on parallel execution, sub-second finality, and consumer payments — directly competing with UPCX for developer mindshare on performance-sensitive payment and dApp workloads.
- Solana Labs (Solana Pay): Solana is a high-throughput Layer 1 blockchain with Solana Pay and emerging merchant payment tooling; it competes head-to-head with UPCX on throughput, low fees, and payment UX while having a far larger developer ecosystem and on-chain liquidity.
- Stellar Development Foundation: Stellar (XLM) is an open-source payment-focused Layer 1 blockchain designed for cross-border payments, remittances, and asset tokenization — overlapping directly with UPCX's positioning as a high-throughput smart-contract payment network serving financial institutions and remittance use cases.
Broad incumbents
- Polygon Labs (Polygon Labs / POL): Polygon operates a payments-focused L2/sidechain ecosystem (Polygon PoS, Polygon CDK, payment apps) with established enterprise integrations — competing for the same web3 payments and remittance use cases at much larger scale.
- Ripple Labs (XRP): Ripple is the dominant institutional crypto payment network for cross-border settlement, with deep bank and payment-provider integrations — competing with UPCX for the same enterprise and remittance workloads while operating with a much larger ecosystem and balance sheet.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
UPCX social profiles
Digital presenceUPCX financial estimates
Financial estimateRevenue estimate
Valuation estimate
UPCX leadership team
Management profileNumber of profiles
Profiles6 records
UPCX funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
UPCX M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about UPCX
What does UPCX do?
UPCX provides an open-source, smart-contract enabled decentralized payment network built on a Graphene-based blockchain with hybrid DPoS and BFT consensus, achieving 100,000 TPS and ~1-second payment finality. Its product ecosystem includes a mobile wallet, POS application, hardware wallet, decentralized exchange, cross-chain bridge, price oracle, and a multi-asset token framework (UPC, MPA stablecoins, UIA, NFA) optimized for retail payments, cross-border remittances, and financial inclusion.
Is UPCX a public or private company?
UPCX is a private company. It is classified as unknown and is currently operating.
When was UPCX founded?
UPCX was founded in -1. It employs 11 to 50 people.
Where is UPCX based?
UPCX is headquartered in Singapore, Singapore, in the Asia region.
How does UPCX make money?
Five revenue lines are on record. Network Transaction Fees are the primary driver. The others are staking Rewards Distribution, UPCX DEX Trading Fees, MPA (Stablecoin) Network Fees and UPC Token Utility.
Who are UPCX's main competitors?
Emerging players on record are Aptos Labs and Internet Computer (DFINITY). Direct peers are EOS Network Foundation, Algorand Foundation, Avalanche Foundation, Sui Foundation, Solana Labs (Solana Pay) and Stellar Development Foundation. Broad incumbents are Polygon Labs (Polygon Labs / POL) and Ripple Labs (XRP).
Does UPCX have an API?
No public API is recorded for UPCX.
What industry is UPCX in?
UPCX's product category is Blockchain Payment Infrastructure. Its primary akta.pro industry code is FSAGAMAD, On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury), with a secondary code of BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms. Its NAICS code is 522320 and its SIC code is 6200.