PlatON Monthly Report: May 2025
PlatON is an open financial infrastructure initiated and promoted by the LatticeX Foundation. Built upon the Topos payment and clearing network, it provides enterprise-grade payment solutions for banks, payment institutions, and large commercial organizations. PlatON is constructing a payment “highway” that bridges traditional finance and the digital economy. Equipped with financial-grade capabilities such as high-frequency transaction processing, rapid settlement, and multi-asset smart contracts, it supports global demands including cross-border payments, institutional clearing and settlement, and compliant digital asset management.
01 — Technological Progress
TopWallet
1）TopWallet Version 1.4.1 Update: Launched the feature of sharing links via social apps for private transfers, allowing users to transfer funds to friends on WhatsApp and Telegram without exposing their wallet addresses. Added support for scanning QR codes of POS orders from offline merchants, consistent with the process and speed of traditional electronic wallet QR payments, and supporting automatic conversion of multiple currencies.
2）TopWallet Version 1.4.2 Development: Integrated eSIM sales targeting global usage scenarios of digital nomads and the borderless nature of stablecoin payments, offering targeted products to enhance wallet usage scenarios. Added support for XSGD and introduced new trading pairs: LAT/XSGD, USDT/XSGD, USDC/XSGD.
TOPOS RemiNet
1）Completed integration with the first partner in the UAE, successfully enabling cross-border remittance services from UAE users to the Philippines, creating an efficient and convenient bridge for fund transfers between the two countries.
2）Steady progress in Nigeria channel construction: The Nigeria channel integration work has been completed and is now in the final production test stage. It will soon officially join the RemiNet network, further expanding business coverage.
3）Ongoing integration with multiple countries: Channel integration in Thailand, Vietnam, Malaysia, Indonesia, and other countries is proceeding in an orderly manner. In the future, users from more countries and regions will be able to enjoy the convenient cross-border remittance services provided by TOPOS RemiNet.
TOPOS Cross-Chain Payment System
1）In May, the TOPOS Cross-Chain Acquiring System witnessed a steady increase in business volume, successfully completing over $5 million USD in acquiring and exchange transactions.
2）Reached a cooperation intention with SoftPOS development company MineSec to embed the stablecoin acquiring system into the SoftPOS system, providing merchants with a one-stop global payment solution. Merchants can easily open accounts and enjoy convenient global payment services with just a mobile phone.
3）Partner platform Gimlet launched operations and will add ON Ramp and OFF Ramp features in early June.
TOPOS MINT
TOPOS MINT actively collaborates with Straitsx on the deployment of the underlying release system, as well as ensuring the stable operation and coordinated development of ecological products such as wallets, acquiring systems, etc., in support of XSGD.
02 — PlatON News
PlatON to Feature at Money20/20 Europe, Co-Building the Future of Web3 Financial Infrastructure
From June 3rd to 5th, PlatON, the blockchain for payment, has been invited to attend the Money20/20 Europe fintech conference in Amsterdam, Netherlands. This event gathers innovators and industry leaders from diverse fields such as payments, banking, and technology to explore the future of financial commerce.
As a flagship event in the fintech space, Money20/20 has evolved into a vital platform for exchanges and cooperation among industry decision-makers, innovators, and regulators. During the three-day summit, PlatON will showcase its Web3 payment and settlement network, TOPOS, highlighting innovative payment solutions and recent practice outcomes in areas such as cross-border payment, compliant acquiring, SCPG, and Self Custody wallet.
