PlatON Monthly Report: June 2025
01 — Technological Progress
TOPOS RemiNet
1）Partners in the UAE and the Philippines have completed transaction testing and have entered a stable phase of business development. Daily remittances of nearly 500,000 AED will be conducted between partner institutions using PlatON’s smart contracts for the exchange of information and funds.
2）In July, we plan to onboard two new partners to finalize integrations in Nigeria, Vietnam, Malaysia, and Thailand.
TOPOS On-chain payment system
1）In June, the on-chain digital currency acquiring and off-ramp businesses of our partner acquiring institutions continued to grow, with monthly transaction volumes exceeding 10 million USD.
2）The off-ramp function on the GIMLET platform has been successfully delivered.
3）We successfully participated in the Money20/20 Europe and NRF APAC 2025 exhibitions, where we collaborated with MineSec to showcase SoftPOS acquiring solution.
TOPOS MINT
The issuance of XSGD, XUSD, and CHKD on the PlatON Network has been completed.
02 — PlatON News
XSGD and XUSD, StraitsX’s Singapore Dollar and U.S. Dollar-Pegged Stablecoins, Now Live on PlatON Network
PlatON has successfully integrated the stablecoins XSGD (1:1 pegged to the Singapore Dollar) and XUSD (1:1 pegged to the US Dollar), issued by StraitsX, into its network. Users can now freely send, receive, and hold XSGD and XUSD on PlatON. With partnerships established with multiple stablecoin issuance institutions and cross-border payment providers, PlatON ecosystem will offer a richer array of payment scenarios for XSGD and XUSD, including online and offline payment network access, cross-border remittance services, and inter-stablecoin exchange services.
StraitsX is a major payment institution licensed by the Monetary Authority of Singapore (MAS). This collaboration with PlatON not only provides high-performance blockchain support for XSGD and XUSD but also, through collaboration with licensed acquiring institutions like Allinpayintl, constructs a complete link from stablecoin issuance and cross-border payments to local consumption. This initiative facilitates the acceptance of digital currencies by merchants in regions such as Singapore and Hong Kong, enabling the secure and convenient use of stablecoins in both online and offline payment settlement scenarios.
PlatON Debuts at Money20/20 Europe, Building the Future of Web3 Financial Infrastructure
From June 3 to 5, PlatON made a remarkable appearance at the Money20/20 Europe fintech summit alongside TOPOS. They joined innovators and industry leaders from sectors such as payments, banking, and technology to explore the future of financial business. The team showcased a comprehensive range of innovative payment technology solutions and the latest practical results in areas such as cross-border payments, on-chain acquiring, and self-custody wallets.
TOPOS and MineSec Sign Strategic Memorandum of Understanding
During NRF APAC 2025, MineSec and TOPOS officially signed a Strategic Memorandum of Understanding (MOU) to merge MineSec’s SoftPOS infrastructure with TOPOS’s cutting-edge Web3 payment technical solutions. This collaboration aims to achieve seamless cryptocurrency acceptance at point-of-sale terminals, revolutionizing the retail payment experience in key markets such as Hong Kong, Singapore, and the Middle East. The partnership is dedicated to building a more open, inclusive, secure, and innovative payment ecosystem that benefits businesses and consumers globally.
03 — Community Events
PlatON CTO James Qu Attends WaytoAGI Global AI Conference & Hackathon, Discussing Opportunities in Japan’s Digital Payments and Stablecoins
On June 8, PlatON CTO James Qu attended the “WaytoAGI Global AI Conference & Hackathon · Tokyo 2025,” co-hosted by WaytoAGI, TinTinLand, J.F. Oberlin University, and BytomDAO. He participated in a roundtable discussion on “Opportunities in Japan’s Digital Payments and Stablecoins.” He emphasized that to scale crypto finance, we must build a practical, compliant payment infrastructure.
