Slash Vision Labs
Slash Vision Labs is a Singapore-based fintech that issues Japan's first self-custody USDC-collateralized Visa card and a related DeFi yield product, targeted at Japanese crypto-native consumers and merchants seeking stablecoin-based everyday payments without exchange custody risk.
- Company typePrivate
- Founded2023
- HeadquartersSingapore, Singapore
- Headcount—
- GTM typeB2C
- OfferingSoftware
What Slash Vision Labs does
Slash Vision Labs is a Singapore-incorporated private company (SLASH VISION PTE. LTD., founded July 28, 2023) that builds self-custody stablecoin payment infrastructure targeted primarily at Japanese consumers and merchants. Its core product, Slash Card, is a USDC-collateralized Visa card issued through Orico as BIN sponsor, supporting spending at Visa merchants worldwide and via Google Pay while allowing users to retain custody of their wallet assets rather than transferring funds to a centralized exchange. Supporting products include Slash Earn (DeFi LP and lending that ties yield-bearing balances to card credit limits), Slash Exchange (a planned fiat-to-USDC on-ramp operated by licensed entity Vision Financial Services), and Slash App, a single-seed-phrase super-app unifying card, exchange, and earn into one consumer UX.
The business model is multi-stream and consumer-facing: card issuance fees (physical 35–70 USDC, virtual 20 USDC), annual fees (20 USDC from year two), payment-network interchange, exchange transaction fees, and a share of DeFi yield on Slash Earn balances. Distribution is product-led through beta pre-registration, referral campaigns, NFT brand collaborations with FamilyMart and Lawson, and conference presence (WebX, Token 2049, Hong Kong Fintech Week). Strategic partnerships anchor the stack: EMURGO and SecondFi for a parallel Cardano Card, Minna no Bank and Fore- for next-generation stablecoin integration, and infrastructure providers Circle, Fireblocks, Chainalysis, Thredd, Idemia, and Kaia. The related entities — Slash Vision Japan 株式会社, SLASH FINTECH LIMITED, and Vision Financial Services 株式会社 — give the group a multi-jurisdictional operating footprint across Singapore and Japan, with Hong Kong added as a market-development front. The company completed the divestiture of Slash Payment to Nodex Pay in September 2025, narrowing focus to card, earn, exchange, and super-app lines.
Customers are principally crypto-native Japanese consumers seeking to spend USDC without exchange custody risk, with a secondary merchant and underbanked segment for stablecoin acceptance and remittance use cases. Pricing is denominated in USDC, regulatory positioning is anchored in JCBA and BCCC membership, and data and compliance rely on Chainalysis and Fireblocks rather than proprietary AI. Revenue, cardholder counts, headcount, and capital raises are not disclosed in available sources.
Slash Vision Labs firmographics
Firmographics- Name
- Slash Vision Labs
- Legal name
- SLASH VISION PTE. LTD.
- Website
- https://slash.vision
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Short description
- Slash Vision Labs is a Singapore-based fintech that issues Japan's first self-custody USDC-collateralized Visa card and a related DeFi yield product, targeted at Japanese crypto-native consumers and merchants seeking stablecoin-based everyday payments without exchange custody risk.
- Ownership category
- akta.pro rank
Slash Vision Labs industry classification
Industry- Product category
- Crypto Payment Cards
- NAICS
- Credit Card Issuing (522210), Credit Card Issuing (52221), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD)
- akta.pro secondary industries
- Stablecoin Payment Rails & Settlement Networks (Issuer-Led) (FSADADAF), Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ), Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB), Virtual Card Issuance & Tokenized Corporate Cards (THACAJAA)
Keywords
Where Slash Vision Labs is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices2 records
Markets served
Slash Vision Labs business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Card Issuance and Annual Fees: Slash Card charges card issuance fees (physical card: 35-70 USDC, virtual card: 20 USDC) and annual fees (20 USDC from year 2). Transaction fees may apply when users spend at Visa merchants.
- Exchange Services: Slash Exchange will facilitate currency exchange between fiat and stablecoins with fees for transactions. The company plans to offer the shortest onboarding path from bank accounts directly to USDC.
- DeFi Yield Services: Slash Earn generates revenue through DeFi LP provision and lending services, where the company likely takes a cut from the yield generated on user funds.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Physical and Virtual Card options with beta promotional pricing |
| Usage-based | Pay-as-you-go | DeFi yield generation with integrated card credit |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Slash Vision Labs product offering
Product offeringCore offering
Slash Vision Labs builds a stablecoin-native payments and financial platform anchored on self-custody wallets. Its flagship product is Slash Card, a USDC-collateralized Visa card (physical and virtual) that lets users spend stablecoins at Visa merchants and Google Pay without giving up custody of their assets. The product suite also includes Slash Exchange (fiat-to-USDC onramp under an electronic payment services license), Slash Earn (DeFi yield product whose balances act as card credit), and the unified Slash App super app.
Product overview
Slash Vision Labs operates as a next-generation payments platform centered on self-custody wallets and stablecoins, built as a platform-plus-modules architecture. The core offering consists of Slash Card (USDC-collateralized Visa card), Slash Exchange (fiat-to-stablecoin gateway), Slash Earn (stablecoin yield/deFi service), and Slash App (all-in-one superapp). These products are designed to work as an integrated financial experience, connecting traditional banking, securities, and payment infrastructure through programmable value transfer. The Slash ecosystem enables users to spend stablecoins at Visa merchants via physical or virtual cards while maintaining self-custody, earn yields on stablecoin holdings that can serve as credit lines for card spending, and onboard directly from bank accounts to USDC without intermediary exchanges.
Differentiator
Problem solved
Functional benefit
Brands
- Slash Card: USDC-collateralized Visa card enabling stablecoin spending at Visa merchants and Google Pay, with Orico as BIN sponsor. Physical and virtual card options available.
- Slash Exchange
- Slash Earn
- Slash App
- Slash Vision Portal
- Slash Vプリカ SHOP
- Alice NFT
Products and services
- Slash Card Japan's first USDC-collateralized Visa card enabling consumers to spend stablecoins at Visa merchants worldwide and via Google Pay while maintaining self-custody of their assets. Available in physical (70 USDC issuance, 35 USDC beta promo) and virtual (20 USDC) variants with annual fee of 20 USDC from year two; supports top-up via USDC on Solana with Ethereum, Base, and Arbitrum coming soon.
- Slash Exchange Electronic payment service license-based exchange enabling direct USDC acquisition from Japanese bank accounts. Targeted as the shortest onboarding path from fiat to Web3, removing the need for intermediary exchange usage for stablecoin acquisition. To be operated by Vision Financial Services 株式会社 once the license is granted.
- Slash Earn Stablecoin yield service offering DeFi LP provision and lending, with the same funds usable as credit for Slash Card transactions. Designed to eliminate the binary choice between holding yield-generating assets and spending.
- Slash App All-in-one Web3 superapp combining Slash Card, Slash Exchange, and Slash Earn functionalities with a single-phrase login UX, designed to deliver a traditional-finance-like experience to crypto users and a low-friction entry point to non-crypto users.
- Slash Vision Portal Web-based portal providing unified access to the Slash ecosystem services, including Card, Exchange, Earn, and App.
Quantifiable outcome
- Slash Card allows users to make everyday payments without leaving their self-custody wallet
- +1 more outcomes
Companies that use Slash Vision Labs
Customer profileSegments3 records
Ideal customer profiles2 records
Slash Vision Labs technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
Feature5 records
Slash Vision Labs partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered flagship, core, minor and moderate.
- EMURGOflagshipEMURGO, Cardano's commercial arm, partnered with Slash Vision Labs and SecondFi to launch the Cardano Card in Japan, enabling users to spend stablecoins through Japan's everyday payment networks.
- SecondFiflagshipCrypto platform SecondFi partnered with EMURGO and Slash Vision Labs to launch the Cardano Card in Japan for stablecoin spending.
- Minna no BankcoreSlash Vision signed a basic agreement with Minna no Bank (みんなの銀行) for value co-creation in stablecoin payment solutions.
- ForecoreSlash Vision Labs, together with Fore and a digital platformer, started a next-generation stablecoin integration infrastructure construction project.
- Eole Inc.minorCapital and business partnership with Eole Inc. for strategic collaboration in M&A and talent development. Eole established an M&A and Human Resource Development Office leveraging existing collaborations including Slash Vision Labs.
- CirclecoreSlash Vision Labs joined the Circle Alliance Program to promote USDC payment adoption in the Japanese market. Circle is the issuer of USDC stablecoin which is the primary collateral for Slash Card.
- OricoflagshipOrico serves as BIN sponsor for Slash Card, enabling the card's issuance through Japan's financial infrastructure.
- FireblockscoreFireblocks provides institutional-grade digital asset infrastructure for Slash Vision Labs' operations.
- LifecardmoderateLifecard is a partner providing payment infrastructure capabilities.
- MantlemoderateMantle network integration for Slash Card and services.
- UniswapmoderateUniswap DEX integration for token swaps and liquidity.
- KaiacoreKaia blockchain integration for Slash Card and Slash Payment services.
- ChainalysiscoreChainalysis provides blockchain analytics and compliance solutions for AML/CFT.
- HashKeymoderateHashKey provides blockchain infrastructure and services.
- IdemiamoderateIdemia provides identity verification and security solutions.
- SolanacoreSolana blockchain supported for USDC transfers to Slash Card.
- ThreddmoderateThredd provides card processing infrastructure.
Scale indicators10 records
Recent moves6 records
Expansion highlights7 records
Slash Vision Labs competitors and assessment
Company assessmentDirect peers
- BitPay: BitPay is a long-standing crypto payment platform offering a prepaid Visa card and merchant payment infrastructure. It overlaps with Slash on stablecoin-to-Visa spending, though it is more merchant-payments focused and operates without the self-custody angle.
- Wirex: Wirex issues a multi-currency Visa card that supports stablecoins and cryptocurrencies across multiple chains, with a comparable Web3 wallet and exchange layer. It competes directly with Slash on the multi-chain stablecoin card proposition, though it operates globally rather than Japan-focused.
- Crypto.com: Crypto.com operates one of the most established crypto Visa card programs globally, allowing users to spend stablecoins and cryptocurrencies at Visa merchants. It is the closest direct comparable to Slash Card in product mechanics (Visa-branded crypto-backed card), though it uses custodial rather than self-custody architecture.
- GnosisPay: GnosisPay offers a self-custody Visa card where users spend directly from their own wallets without giving up custody, mirroring Slash's core architectural differentiator. It is one of the closest conceptual peers in combining self-custody, on-chain settlement, and Visa rails.
- Fold: Fold is a Bitcoin rewards and payments company offering a Visa debit card that enables spending of bitcoin and stablecoins. It is comparable as a crypto-native card issuer targeting everyday spending, though it is US-centric and Bitcoin-led rather than stablecoin-led.
Broad incumbents
- Binance: Binance offers the Binance Visa Card across multiple regions (including Binance Japan), allowing users to spend crypto balances at Visa merchants. As a top global crypto exchange, it is a broad incumbent peer with significant resources to localize further in Japan.
- Coinbase: Coinbase operates Coinbase Card, a Visa debit card that lets users spend USDC and other crypto balances from their Coinbase accounts. As one of the largest regulated crypto exchanges, it represents a broad incumbent that could localize aggressively for Japan if regulatory conditions ease.
- Bybit: Bybit operates the Bybit Card, a Visa-backed crypto payment card supporting multiple assets, alongside a broader exchange and Web3 ecosystem. It overlaps with Slash on the multi-asset card concept and represents a well-funded incumbent capable of entering Japan.
Others
- Marqeta: Marqeta is a leading card-issuing and processing platform that powers modern card programs globally. It is a comparable infrastructure layer rather than a direct competitor, relevant because Slash relies on Thredd/Orico for similar processing capabilities and Marqeta could enable new crypto-card entrants in Japan.
Regional players
- bitFlyer: bitFlyer is one of Japan's largest regulated crypto exchanges and has explored crypto card offerings. It is a regional peer with comparable Japan-focused regulatory expertise but operates primarily as a custodial exchange rather than a self-custody card platform.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Slash Vision Labs social profiles
Digital presenceSlash Vision Labs compliance and trust
Trust signalCompliance3 records
Slash Vision Labs financial estimates
Financial estimateRevenue estimate
Valuation estimate
Slash Vision Labs leadership team
Management profileNumber of profiles
Profiles2 records
Slash Vision Labs subsidiaries and ownership
Company hierarchySubsidiaries3 records
Slash Vision Labs funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Slash Vision Labs 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 Slash Vision Labs
What does Slash Vision Labs do?
Slash Vision Labs builds a stablecoin-native payments and financial platform anchored on self-custody wallets. Its flagship product is Slash Card, a USDC-collateralized Visa card (physical and virtual) that lets users spend stablecoins at Visa merchants and Google Pay without giving up custody of their assets. The product suite also includes Slash Exchange (fiat-to-USDC onramp under an electronic payment services license), Slash Earn (DeFi yield product whose balances act as card credit), and the unified Slash App super app.
Is Slash Vision Labs a public or private company?
Slash Vision Labs is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Slash Vision Labs founded?
Slash Vision Labs was founded in 2023.
Where is Slash Vision Labs based?
Slash Vision Labs is headquartered in Singapore, Singapore, in the Asia region.
How does Slash Vision Labs make money?
Three revenue lines are on record. Card Issuance and Annual Fees are the primary driver. The others are exchange Services and deFi Yield Services.
Who are Slash Vision Labs's main competitors?
Direct peers on record are BitPay, Wirex, Crypto.com, GnosisPay and Fold. Broad incumbents are Binance, Coinbase and Bybit. Marqeta is listed as an others. bitFlyer is listed as a regional player.
Does Slash Vision Labs have an API?
No public API is recorded for Slash Vision Labs.
What industry is Slash Vision Labs in?
Slash Vision Labs's product category is Crypto Payment Cards. Its primary akta.pro industry code is FSAGAMAD, On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury), with a secondary code of FSADADAF, Stablecoin Payment Rails & Settlement Networks (Issuer-Led). Its NAICS code is 522210 and its SIC code is 6199.