Xweave Bets on Solana to Bring Real-Time Treasury Settlement to Asia
Singapore-based fintech Xweave is partnering with Solana to tackle one of Asia’s biggest treasury inefficiencies: the slow movement of capital across borders. By combining stablecoin settlement with banking and FX infrastructure, the company aims to enable real-time treasury operations across some of the region’s busiest payment corridors.
Xweave is taking another step toward modernising cross-border payments in Asia.
The Singapore-based non-custodial payments infrastructure provider announced at the Point Zero Forum in Zurich that it is integrating the Solana blockchain into its platform to facilitate real-time treasury settlement for corporates, banks and financial institutions across the Asia-Pacific region.
The move targets a longstanding challenge for treasury teams operating across multiple jurisdictions: moving liquidity efficiently between subsidiaries, settling foreign-exchange transactions and executing trade-finance payments without relying on costly pre-funded accounts and correspondent banking networks. According to Xweave, these frictions continue to tie up billions of dollars in working capital across Asia.
Eliminating pre-funding requirements
Through the integration, Xweave will use Solana as a settlement layer for stablecoin-based transactions. The company says this will allow institutional clients to move capital across borders almost instantly while reducing settlement risk and operational complexity.
Among the use cases highlighted are intraday liquidity sweeps between subsidiaries, delivery-versus-payment foreign-exchange settlement, supply-chain and trade-finance disbursements, and automated routing to the most cost-efficient payment channel. The platform currently supports settlement flows in U.S. dollars, Singapore dollars, Philippine pesos, Indonesian rupiah and UAE dirhams.
«Corporate treasuries in APAC are managing multi-currency cash positions across jurisdictions that have historically required significant pre-funding and operational overhead,» said Milind Sanghavi, co-founder and chief executive of Xweave. He described the combination of Solana’s infrastructure and Xweave’s compliance and orchestration layer as a way to make real-time cross-border treasury operations commercially viable.
Growing role for stablecoins
The announcement comes as stablecoins gain traction among institutional users looking for faster and cheaper settlement mechanisms. Traditional correspondent banking systems often require one to three days to complete cross-border transactions and rely on substantial liquidity buffers, particularly in fragmented regional markets.
Asia remains one of the most complex treasury environments globally, with corporates managing multiple currencies, diverse regulatory frameworks and varying levels of banking infrastructure. Markets such as Singapore, Indonesia, the Philippines, Japan, Hong Kong and the UAE represent some of the world’s busiest payment corridors.
According to Xweave, settlement on Solana can achieve finality in less than a second while significantly lowering transaction costs compared with traditional wire transfers.
Expansion across Asia and the Middle East
The treasury settlement capability is already live across Singapore, Indonesia and the Philippines. Xweave is currently expanding coverage to the UAE, Japan and Hong Kong, with additional currency corridors under development.
Founded as a non-custodial infrastructure provider, Xweave does not hold or transmit client funds directly. Instead, it acts as a middleware layer connecting regulated financial institutions, foreign-exchange providers and stablecoin settlement networks. The company is also participating in BLOOM, a public-private initiative led by the Monetary Authority of Singapore aimed at advancing next-generation cross-border settlement infrastructure.
Backed by investors including Temasek-backed Menyala, Jungle Ventures, Digital Currency Group, White Star Capital, Fabric Ventures and LuLu Money, Xweave is positioning itself at the intersection of institutional payments, tokenised finance and Asia’s rapidly evolving digital-asset ecosystem.
