Singapore-based Xweave announced at the Point Zero Forum in Zurich that it is integrating the Solana blockchain into its treasury settlement platform. The move targets a concrete operational problem: corporate treasuries across Asia-Pacific currently move money between subsidiaries, settle currency trades, and execute trade finance using correspondent banking networks that require one to three days and substantial liquidity buffers parked in advance.
Xweave positions itself as a middleware layer connecting regulated financial institutions, FX providers, and stablecoin settlement networks. It does not hold or transmit client funds directly. By routing transactions through Solana, the company says settlement can achieve finality in under a second, sidestepping the pre-funding trap. Co-founder and chief executive Milind Sanghavi said the combination of Solana's infrastructure and Xweave's compliance layer makes real-time treasury operations commercially viable for institutions managing multi-currency positions across fragmented regional markets.
Use cases and corridor coverage
The platform is live in Singapore, Indonesia and the Philippines, with coverage expanding to the UAE, Japan and Hong Kong. It currently settles transactions in U.S. dollars, Singapore dollars, Philippine pesos, Indonesian rupiah and UAE dirhams. Xweave highlights four main use cases: intraday liquidity sweeps between subsidiaries, delivery-versus-payment FX settlement, supply chain and trade finance payments, and automated routing to the lowest-cost channel.
According to Xweave, these frictions tie up billions in working capital across Asia. Traditional wire transfers lock in operational overhead and settlement risk that stablecoin-based movement largely avoids. The Asia-Pacific region remains among the world's most complex treasury environments, with corporates juggling multiple currencies, diverse regulatory frameworks and uneven banking infrastructure across Singapore, Indonesia, the Philippines, Japan, Hong Kong and the UAE.
Institutional stablecoin adoption
The announcement reflects broader institutional interest in stablecoins as settlement tools. Banks and treasurers have grown skeptical of correspondent banking's friction. Faster, cheaper alternatives that reduce liquidity buffers are pulling real cash flows. Xweave is backed by Temasek-backed Menyala, Jungle Ventures, Digital Currency Group, White Star Capital, Fabric Ventures and LuLu Money. The company is also participating in BLOOM, a public-private initiative led by the Monetary Authority of Singapore aimed at advancing cross-border settlement infrastructure. That endorsement signals official comfort with stablecoin-based treasury rails in the region, though regulatory frameworks for tokenised finance remain under construction.