XREX Inc.

XREX Inc. is a blockchain-enabled financial institution that aims to redefine banking by collaborating with banks, regulators, and users. Founded in 2018, XREX holds a Monetary Authority of Singapore's Major Payment Institution license and a Taiwan Financial Supervisory Commission's Registered VASP status. The company offers a comprehensive range of services including digital asset custody, wallet, cross-border payment, fiat-crypto conversion, cryptocurrency exchange, asset management, and fiat currency on-off ramps. XREX prioritizes financial inclusion and leverages blockchain technologies to enhance financial participation, access, and education. With its headquarters in Taiwan, XREX has received funding from a diverse group of supporters, including the Taiwan Government National Development Fund, Tether, SBI Holdings (TYO: 8473), CDIB Capital Group (TWSE: 2883), E.Sun Financial Holding (TWSE: 2884), ThreeD Capital (CSE: IDK), Systex (TWSE: 6214), Global Founders Capital (Berlin), Seraph Group (US), Metaplanet Holdings (Estonia), AppWorks (Taipei), WI Harper (San Francisco), BlackMarble (Taipei), and New Economy Ventures (Hong Kong). The most recent corporate round investment of $18.75M was led by Tether on 05 June 2024. XREX's focus on serving small to medium-sized businesses (SMBs) in or dealing with emerging markets, as well as providing novice-friendly financial services to individuals worldwide, positions it as a promising player in the Financial Services and Fintech industries. With its backing from public companies, banks, prominent VCs, and the Taiwanese Government, XREX is well-positioned to continue its mission of redefining banking for the better.