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Arlo Announces All-New Pro 5S 2K Camera, Supported By Its Most Comprehensive App Experience Ever

Tri-Band and SecureLink™ Advancements Pair with Arlo Secure App For Maximum Protection

SINGAPORE – Media OutReach – 3 November 2022 – Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, today announced its most innovative and advanced offering to date, the all-new Pro 5S 2K Security Camera. The latest addition to the award-winning Pro series, Pro 5S boasts tri-band connectivity – operating off dual-band Wi-Fi and Arlo SecureLink technology. Pro 5S is backed by the redesigned Arlo Secure App which features an all-new, highly intuitive interface that streamlines access to critical tools like Emergency Response1. The Arlo Pro 5S 2K Security Camera is available for pre-order through Arlo.com and Best Buy for USD$249.99 MSRP, with additional national retailers coming soon.

When connected to Arlo’s proprietary SecureLink technology, the Arlo Pro 5S 2K provides significant user benefits over existing security devices. Since Pro 5S operates on the lowest power band when in sleep mode, users will appreciate significant battery life improvements. Additionally, tri-band connectivity provides longer Wi-Fi range, and mitigates RF interference and active jamming attempts while maximizing picture quality. Pro 5S seamlessly pairs with other SecureLink devices for continuous security and connectivity, even during power and internet outages.

“Pro 5S is hands down the most secure and reliable camera Arlo has engineered to date,” said Tim Johnston, SVP of Product at Arlo. “Integrating three wireless technologies into one extremely compact form factor ensures users are better equipped to protect their everything. Supporting the overall Pro 5S experience, the redesigned, intuitive Arlo Secure App ensures frictionless access to the most comprehensive monitoring tools available.”

The Arlo Secure App enables users to take their security to the next level. Enhancements start with the updated Emergency Response center which brings an unprecedented level of control to users’ fingertips during a crisis. In addition to allowing users to request emergency personnel, Emergency Response provides real-time status updates via SMS or phone call while emergency personnel are in transit. Time-saving Automations can be programmed to trigger events such as geofencing, mode changes, schedules, alarms and more.

Powerful advancements in the all-new Arlo Pro 5S 2K Security Camera include:

  • Dual-Band Wi-Fi Support: Automatically connect to the strongest network available between 5 GHz or 2.4 GHz Wi-Fi for the strongest possible connection
  • SecureLink Connection: Pair with Arlo Home Security System through Arlo SecureLink for continuous connectivity during internet and power outages3, stronger encryption and longer range and battery life
  • Increased Battery Life: Up to 30% longer battery life than the Pro 4. Users gain access to an all-new low power mode to charge their camera less often and can connect the camera to Arlo SecureLink-enabled devices to further conserve battery life.
  • 2K Video with HDR: High-performance lenses ensure crystal-clear detail in every picture
  • 160-Degree Viewing Angle: Keep an eye on what matters most with a wider field of view
  • Integrated Spotlight: Light up the night and ward off unwelcome guests
  • Built-In Smart Siren: Trigger the siren remotely or automatically during an event
  • Color Night Vision: See videos in color rather than traditional black and white
  • Two-Way Audio: Listen and speak to visitors with crystal clear, full duplex audio that reduces wind and noise
  • Wire-Free and Weather-Resistant: Easily install indoors or outdoors
  • Magnetic Connections: Easily add on accessories such as a solar panel charger, waterproof outdoor charging cable, and XL capacity battery/housing
  • Platform Compatibility: Works with Amazon Alexa4, Google Assistant, and IFTTT for easy interaction, automation, and control

For more information on the full range of Arlo smart home security products and services, visit www.arlo.com.

1 Arlo Secure App Version 4.0 launches late November 2022
2 Emergency Response available through Arlo Secure subscription
3 Requires a Cellular and Battery Backup accessory and Professional Monitoring Subscription Plan
4 Support for Amazon Alexa coming soon

Hashtag: #Arlo

About Arlo Technologies, Inc.

Arlo is the award-winning, industry leader that is transforming the way people experience the connected lifestyle. Arlo’s deep expertise in product design, wireless connectivity, cloud infrastructure and cutting-edge AI capabilities focuses on delivering a seamless, smart home experience for Arlo users that is easy to setup and interact with every day. The company’s cloud-based platform provides users with visibility, insight and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a cellular connection. To date, Arlo has launched several categories of award-winning smart connected devices, including wire-free smart Wi-Fi and LTE-enabled security cameras, audio and video doorbells, and floodlight.

With a mission to bring users peace of mind, Arlo is as passionate about protecting user privacy as it is about safeguarding homes and families. Arlo is committed to supporting industry standards for data protection designed to keep users’ personal information private and in their control. Arlo doesn’t monetize personal data, provides enhanced controls for user data, supports privacy legislation, keeps user data safely secure, and puts security at the forefront of company culture.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words “anticipate,” “expect,” “believe,” “will,” “may,” “should,” “estimate,” “project,” “outlook,” “forecast” or other similar words are used to identify such forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. The forward-looking statements represent Arlo Technologies, Inc.’s (the “Company” or “Arlo”) expectations or beliefs concerning future events based on information available at the time such statements were made and include statements regarding Arlo cameras, Arlo video doorbells, Arlo Secure, Arlo Secure Plus and future Arlo products. These statements are based on management’s current expectations and are subject to certain risks and uncertainties, including the following: future demand for the Company’s products may be lower than anticipated; consumers may choose not to adopt the Company’s new product offerings or adopt competing products; and product performance may be adversely affected by real world operating conditions. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Further information on potential risk factors that could affect Arlo and its business are detailed in the Company’s periodic filings with the Securities and Exchange Commission, including, but not limited to, those risk factors described in the Company’s most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q and subsequent filings with the Securities and Exchange Commission. Given these circumstances, you should not place undue reliance on these forward-looking statements. Arlo undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Starbucks Opens its First Store in Laos

Photo credit: American-Lao Business Association

 The entry of the Starbucks brand into Laos reaffirms the company’s long-term commitment to continued growth across Southeast Asia.

Laos Collaborates with South Korea to Produce Biofuel

Representatives signing agreements for the project this week in Vientiane.

The Lao government is keen on starting such a venture to reduce its dependency on imported fuels.

Robb Report Hong Kong welcomes the launch of its official website, robbreport.hk

HONG KONG SAR – Media OutReach – 3 November 2022 – Robb Report Hong Kong—Hong Kong’s definitive luxury lifestyle media title—celebrates the launch of its official website, www.robbreport.hk. Alongside its prestigious annual print magazine, the digital platform will publish daily digital content and serve as the ultimate guide to lifestyle and luxury in the city.

For over 40 years, the Robb Report brand has maintained a global reputation for reporting on all aspects of luxury, including automobiles, aviation, boating, real estate, travel, dining, whiskies, wine, watches, jewellery, and fashion. Its entry into the Hong Kong market adds to the title’s portfolio of 18 editions in 10 languages across 28 countries.

“We are excited to announce the launch of our new website,” says Tak Man, Chief Executive Officer and Director at Nexus Media Limited, who has brought the esteemed brand to Hong Kong. “Robb Report has an unrivalled reputation for featuring only the very best of the best, and the Hong Kong website will continue the tradition, staying true to Robb Report’s motto: Luxury without Compromise.

“We are also honoured to bring to Hong Kong the grand signature events that Robb Report is known for, including tailor-made experiences and unforgettable encounters. What’s extraordinary about this launch in Hong Kong is that RR1, our membership programme, is by invitation only. RR1 members get to experience tailored, specially curated events, the likes of which many have never seen or experienced before.”

Be it Signature Events or Tailored Events, Robb Report Hong Kong affords unparalleled access and benefits to RR1 members. From first-look previews to private evenings, and sojourns and travels to exotic destinations, RR1 experiences truly speak to living life to the fullest.

Starting the year off strong is the Best of the Best Gala to herald the annual Best of the Best print magazine. Each year, Robb Report bestows its Best of the Best awards on the very finest luxury products, services, and experiences that the world has to offer, and 2023 will mark the inaugural Hong Kong edition. A select group of readers will gather for a private celebratory dinner at the Regent hotel to toast the winners. Situated on the harbourfront of Tsim Sha Tsui in a prime location to overlook the skyline of Hong Kong Island, the majestic Regent is due to reopen in the first quarter of 2023. Robb Report Hong Kong will host a spectacular black tie evening to celebrate not only the launch of the Best of the Best Hong Kong print magazine, but also the return of the iconic hotel brand before it fully opens to the public.

Other RR1 staples can also be expected on the Robb Report Hong Kong events calendar. Car of the Year celebrates extraordinary cars of the moment; Ultimate Drive takes readers on a pilgrimage to experience exclusive drives with the top automotive marques in the world; Culinary Masters will bring together epicureans and Michelin-starred luminaries for an unforgettable weekend of gourmet dining; and Dream Machines allows readers to take the latest machines, wings, and wheels for a spin on a fun, adrenaline-driven adventure.

Robb Report is the leading voice in the global luxury market, synonymous with affluence, luxury, and the best of the best. Its discerning audience around the world has a shared appreciation and desire for quality, exclusivity, heritage, taste, and fine design. It is the brand the most successful people rely on to discover the ideas, opinions, products, and experiences that will matter most to them.

Robb Report: Luxury Without Compromise.

Hashtag: #RobbReportHongKong

About Robb Report Hong Kong

Robb Report Hong Kong is part of Nexus Media Group, a company celebrating its tenth year in Hong Kong. The bold title joins a roster of expert curated content creation platforms and media titles that includes Nexus Media, Localiiz, WeeGo, MyLocals, and Nexus Digital.




Generali named Top-three Finalist in “Excellence in ESG and Sustainability” at the Hong Kong Insurance Awards 2022

HONG KONG SAR – Media OutReach – 3 November 2022 – Generali has been named Top-three Finalist in “Excellence in ESG and Sustainability” at the Hong Kong Insurance Awards 2022.This award aims to recognize a company’s efforts relating to environmental, social and governance (ESG) or sustainability, and how it embraced the principles of business sustainability and ESG in its operations.

Generali named Top-three Finalist in “Excellence in ESG and Sustainability” at the Hong Kong Insurance Awards 2022

Ady Law, Chief Distribution and Marketing Officer of Generali Hong Kong said, “We are truly humbled and honored to receive this award. ESG and Sustainability are increasingly important topics in the world. At Generali, we strongly believe sustainability is a necessary way of business, and have integrated it in the very core of our business, be it in product development, corporate social responsibility, or Diversity & Inclusion initiatives. We are pleased to be playing a part in creating a better and more sustainable future for our next generations.”

Organised by the Hong Kong Federation of Insurers and South China Morning Post (SCMP), The Hong Kong Insurance Awards is one of the most prestigious brand elections in the industry and honours companies for their top notched performance and innovation.

Hashtag: #Generali

Generali Hong Kong

In 1981, Assicurazioni Generali S.p.A was first registered as an authorized insurer in Hong Kong, with the business extending into the life insurance sector in 2016 with Generali Life (Hong Kong) Limited. With a combination of local knowledge and Generali Group’s global expertise, we develop unique and innovative life insurance, general insurance, specialty insurance, and employee benefits solutions to meet the needs of our customers.

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Generali Group

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world, with a total premium income of more than €75.8 billion in 2021. With nearly 75,000 employees serving 67 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Generali’s ambition is to be the life-time partner to its customers, offering innovative and personalized solutions thanks to an unmatched distribution network.

“Generali” and “Generali Hong Kong” refers to “Generali Life (Hong Kong) Limited” unless stated otherwise.

Tiger Brokers (Singapore) and UOB Asset Management Jointly Launch Their First Fixed Maturity Plan in Singapore

  • The United Fixed Maturity Bond Fund 1 will be exclusively available on Tiger Brokers’ trading platform with no subscription fees and zero management fee
  • The fund aims to provide income whilst capturing the interest rate peak in a rising interest rate environment by investing in a diversified portfolio of bonds, money market instruments and bank deposits

SINGAPORE – Media OutReach – 3 November 2022 – Online trading platform Tiger Brokers (Singapore) today announced the launch of its first fixed maturity plan (“FMP”) in Singapore. Managed by UOB Asset Management (UOBAM), the United Fixed Maturity Bond Fund 1 (“the Fund”) is a three-year investment-grade bond fund that will be exclusively available on Tiger Brokers’ trading app, Tiger Trade App. This app is currently used by 2.1 million registered users in Singapore.

This is the first collaboration between Tiger Brokers (Singapore) and UOBAM. The Fund is the first FMP for Tiger Brokers (Singapore), expanding their line of products available to retail investors in Singapore. Amid current interest rate levels and volatile market conditions in an inflationary environment, the Fund is positioned to capture rising yields to deliver enhanced returns.

Denominated in Singapore dollar, the fund class available for investors is Class A SGD Dist (Hedged), with a minimum initial subscription of SGD $1,000, with no subscription fees and zero management fees, ensuring customers get the highest risk-adjusted yield possible in the market. The Fund will be open for subscription on 14 November 2022 and will close for subscription on 28 November 2022. This is a close-ended fund.

With a primary focus on investments in Asia, the fund adopts a buy-and-hold strategy and will invest in short duration bonds with different tenures that closely match the tenure of the Fund. Price stability is maintained by the Fund’s focus on short duration with a primary investment strategy of holding the bonds to maturity to minimise mark-to-market risks.

It is designed to invest in a portfolio of bonds with a weighted average yield-to-maturity of up to 4.95% at time of press in order to achieve a semi-annual coupon distribution of 3.5%.

Henry Toh, Chief Financial Officer, Tiger Brokers (Singapore) said, “We are delighted to be partnering with like-minded businesses, in this case, UOB Asset Management. Both our objectives in launching the Fixed Maturity Fund have always been to bring maximum benefits to investors. By having zero subscription fees and zero management fees, essentially, we will not be profiting from this product. But it’s the overarching objective to bring value to our customers that drives both Tiger Brokers (Singapore) and UOB Asset Management to be doing this, because we know that in these times of uncertainty, our investors need some certainty in their portfolio.”

Mr Thio Boon Kiat, Group Chief Executive Officer, UOB Asset Management said, “We are proud to partner Tiger Brokers for our initial collaborative launch of this FMP. This fund will help retail investors achieve financial stability with a regular flow of returns. In this volatile market, UOBAM aims to bring value to investors by offering investment solutions that are appropriate for the market environment. The investment portfolios will be optimised according to the changing market conditions by our experienced fund managers.

The fund is managed by UOBAM’s Asia Fixed Income Team, headed by Joyce Tan, who has received 18 individual awards including ‘Manager of the Year for Asia Fixed Income’ at the 2021 BENCHMARK Fund of the Year Awards.

The fund will provide weekly liquidity and regular semi-annual income distribution for investors. A redemption charge of 2% will apply for premature redemption to safeguard the interest of all investors. The redemption fee collected will be placed back into the fund.

Hashtag: #TigerBrokersSingapore

The issuer is solely responsible for the content of this announcement.

About Tiger Brokers (Singapore)

Tiger Brokers (Singapore) Pte Ltd (“Tiger Brokers (Singapore)”) is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. The company launched the mobile version of Tiger Trade in February 2020 – accessible on Google Play Store and the Apple App Store – offering mobile-savvy generation of retail investors similar trading opportunities as their online users, such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, and Callable Bull/Bear Contracts (CBBCs) on their mobile phones. Both online and mobile app allow users to invest across multiple asset classes traded on the Australian, US, Hong Kong, China and Singapore stock markets such as the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX), the Singapore Exchange (SGX) and the Australian Securities Exchange (ASX).

Tiger Brokers (Singapore) is the Singapore entity of UP Fintech Holding Limited, known as “Tiger Brokers” in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers (Singapore) became #1 in the U.S. equity trading by volume among trading platforms catered to Global Chinese investors in less than two years. Tiger Brokers (Singapore) was awarded “2017 Fintech 250” by CB Insights and shortlisted for “China Leading Fintech 50” for two years in a row by KPMG China. The company was listed on NASDAQ under “TIGR” in 2019 and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers (Singapore) has over 1.8 million customers worldwide, with an annual trading volume of more than US$404.3billion as of December 2021. The company is backed by well-known investors such as Xiaomi, as well as investment guru Jim Rogers. For more information, please visit .

About UOB Asset Management

UOB Asset Management Ltd (UOBAM) is a wholly-owned subsidiary of United Overseas Bank Limited. Established in 1986, UOBAM has been managing collective investment schemes and discretionary funds in Singapore for more than 35 years. We are one of the largest unit trust managers in terms of assets under management. As at 30 September 2022, we managed 58 unit trusts in Singapore and together with our subsidiaries, managed more than S$33 billion in clients’ assets.

UOBAM has an extensive presence in Asia with regional business and investment offices in Singapore, Brunei, Indonesia, Japan, Malaysia, Taiwan, Thailand and Vietnam. Our network includes UOB Islamic Asset Management Sdn Bhd in Malaysia. We have a joint venture with Ping An Fund Management Company Limited (China) and we have also forged strategic alliances with UTI International (Singapore) and Wellington Management Singapore.

UOBAM is one of the most awarded fund management companies, winning several awards at the Asia Asset Management Best of the Best Awards 2022, 2021 and 2020. Our robo-adviser, UOBAM Invest, also won ‘Fintech Innovation in Asset Management’ in Malaysia and Singapore respectively in 2021 and 2020, as well as ‘Best Digital Wealth Management’ in Thailand for two consecutive years in 2022 and 2021. UOBAM Brunei has also been named ‘Best Institutional House’ in 2022, ‘Best Sukuk Manager’ in 2021, as well as the ‘Best Investor Education’ in 2022, 2020 and 2019. UOBAM was also awarded the prestigious Asia Fund House of the Year Award by AsianInvestor for three consecutive years from 2019 to 2021.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Any views shared with Prospective Clients (“Prospects”) are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects’ investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify.

Hexagon Unveils Decarbonisation Confidence Index Research Report for Asia-Pacific

SYDNEY, AUSTRALIA – Media OutReach – 3 November 2022Hexagon’s Asset Lifecycle Intelligence division today announced the release of the Decarbonisation Confidence Index Research report for the Asia-Pacific region.

Vital and heavy industries including oil & gas, chemicals, power, construction and infrastructure, face enormous pressure to demonstrate meaningful decarbonising action. The report covers the constraints and opportunities for organisations to fulfil their ESG/sustainability commitments.

The Decarbonisation Confidence Index Research report is a confidence index as a leading indicator to action rather than a sustainability report calling for net zero. It is a reality check on the thought leaders trailblazing on the question of “How” when it comes to decarbonisation efforts.

Hexagon conducted qualitative and quantitative research as part of its findings, engaging with 112 senior leaders across six markets – Australia and New Zealand, Indonesia, Japan, Malaysia, Singapore, and South Korea – in the Asia-Pacific region. The report focuses on six priority areas of investigation, which collectively represent the scope of sentiment:

  • Regulation & Legislation
  • Partnership
  • Technologies
  • Talent
  • Capital
  • Operational Excellence

The research reveals that APAC industry leaders proactively spearhead innovation through investment in technologies, asset development, and distribution infrastructure at an accelerated speed. However, adopting new or emerging technologies, access to capital investments, compliance with future regulatory policy and talent is challenging velocities toward net zero. At the same time, there was a variation of sentiment across markets, the three areas where confidence was consistently lacking related to market regulation, new technologies, and access to talent.

“Sustainability is a priority for Hexagon and an integral part of our strategy and how we conduct business globally,” said Fabio Yada, Senior Vice President, Asia-Pacific at Hexagon’s Asset Lifecycle Intelligence division. “We recognize that decarbonisation is a complex process with many factors involved. It takes time and won’t happen overnight; however, there is clear momentum behind the sustainability transformation, and this report highlights the desire by Asia-Pacific companies to accelerate their decarbonisation efforts.”

“The pace of transition toward the green economy has really picked up since the ‘trifecta of tragedy’ in the bushfires, floods and COVID-19 in Australia. As a result, we have seen a boom in renewable energy, green steel, green building and architecture, and renewable transport. Plus the potential of green hydrogen exporting sunshine. Australian exporters are keen to put the green in the green and gold,” said Tim Harcourt, the author of The Airport Economist and Industry Professor and Chief Economist, Institute for Public Policy and Governance (IPPG), University of Technology Sydney (UTS) Bosch Siemens Hausgeräte (BSH).

Hexagon believes in a world where economic growth does not come at the expense of the planet and its people and that our company should drive sustainability efforts in every aspect of business. At the very core is a powerful vision of a future where data is fully leveraged so that business, industry, and humanity sustainably thrive.

When it comes to sustainability, Hexagon maintains every bit counts – and that sustained profits and a sustainable planet are attainable. Sustainability is a by-product of what Hexagon delivers to customers. Whether it be to minimise waste on asset-intensive projects, reduce risk, prevent incidents, or optimally design, plan, build and operate infrastructure or industrial facilities.

Hashtag: #Hexagon

The issuer is solely responsible for the content of this announcement.

About Hexagon

Hexagon is a global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications.

Our technologies are shaping production and people-related ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future.

Hexagon’s Asset Lifecycle Intelligence division helps clients design, construct, and operate more profitable, safe, and sustainable industrial facilities. We empower customers to unlock data, accelerate industrial project modernization and digital maturity, increase productivity, and move the sustainability needle.

Our technologies produce actionable insights that enable better decision-making and intelligence across the asset lifecycle of industrial projects, leading to improvements in safety, quality, efficiency, and productivity, which contribute to Economic and Environmental Sustainability. Hexagon (Nasdaq Stockholm: HEXA B) has approximately 23,000 employees in 50 countries and net sales of approximately 4,3bn EUR. Learn more at and follow us .

StraitsX partners with industry leaders to pilot stablecoin real-world use cases at the Singapore Fintech Festival 2022

Through real-world use case applications with IDEMIA on Hedera, Mastercard and Carbonseed.Earth, StraitsX provides insights to the benefits stablecoins can bring to trade and commerce

SINGAPORE – Media OutReach – 3 November 2022 – StraitsX, a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) today announced that it will be piloting a series of stablecoin applications at the Singapore Fintech Festival (SFF) 2022, which aims to showcase stablecoins’ real-world use case applications and benefits for trade and commerce.

Through collaborations with partners such as IDEMIA, The HBAR Foundation, Mastercard and Carbonseed.Earth, StraitsX focused on driving five key benefits of stablecoins: increasing payment efficiency, on-chain and offline programmability providing interoperability, spurring financial inclusion and enabling sustainable and energy-efficient transactions.

“The digital assets landscape has been evolving and gaining traction as more businesses recognise the benefits of blockchain technology, but there is still untapped potential when it comes to using stablecoins as a means of payment in real-world use case applications. These applications demonstrate how stablecoins can bring forth more innovation and we are excited to collaborate with industry leaders to explore the benefits of stablecoins in depth to showcase the viability of stablecoin usage in business applications like B2B settlement, offline payments and sustainability.” said Aymeric Salley, Head of StraitsX.

As part of the stablecoin showcase, StraitsX has highlighted three different real-world use case applications with its key partners, which leverage its Singapore dollar stablecoin, XSGD as a means of payment:

Driving financial inclusion with IDEMIA on Hedera

To mitigate the issue of unequal access to digital currencies and payments arising from network and geographical limitations, StraitsX has partnered with IDEMIA, a leading solutions provider in identity technologies to leverage the Hedera decentralised ledger, enabling users to transact stablecoins offline. This is powered by IDEMIA’s payment card and phone-embedded offline payment capabilities which allow users and merchants to transact offline securely. Merchants will then be able to leverage Hedera’s distributed network to receive payments and settle fund transfers.

This application will not only lower merchant fees but also drive financial inclusion by allowing users who have limited network access to transact stablecoins.

“We at IDEMIA firmly believe that stablecoins are redefining the very fundamentals of the payment ecosystem. We’re proud that our ability to innovate has enabled Stablecoins payments leveraging our Biometric Card technology F.CODE. This partnership demonstrates again that IDEMIA’s secure offline payment solution became the de facto standard for stablecoins payments.” said Romain Zanolo, Managing Director APAC at IDEMIA.

“We are delighted to partner with industry leaders StraitsX and Idemia to help drive financial inclusion in APAC. StraitsX’ upcoming Hedera-native XSGD stablecoin was combined with Idemia’s secure offline payment system powered by Hedera smart contracts, to provide a resilient, cost-effective, and energy-efficient alternative to existing digital payment schemes. We believe the solution is well suited to answer needs in the region.” said Sabrina Tachdjian, Head of Fintech & Payments at the HBAR foundation.

Enabling XSGD B2B Settlement with Mastercard

StraitsX and Mastercard, a global payment technology solution, have partnered to enable Mastercard crypto partners to use XSGD to facilitate settlements between businesses.

The current settlement process for crypto card partners is cumbersome and costly due to the requirement of converting from crypto into fiat, which imposes liquidity and operational constraints for card partners. This pilot aims to bridge between the digital assets spent by cardholders and the fiat currencies needed to settle with merchants, reducing friction and achieving greater operational efficiencies.

“Building on the success of our stablecoin pilots in the US and UK, we are excited to be partnering with StraitsX to continue pushing the frontier on digital assets innovation and exploring real-world benefits of stablecoins. Piloting a stablecoin settlement application using XSGD marks a meaningful step forward for our businesses in the APAC region.” said Ashok Venkateshwaran, VP Digital Assets at Mastercard.

Spearheading sustainability in the region with Carbonseed.Earth

To contribute to the wider sustainability cause, StraitsX has collaborated with Carbonseed.Earth, which is building an incubation infrastructure for carbon projects. This incubation infrastructure leverages stablecoin and IoT technology to enable early funding for quality carbon projects by issuing tokenized carbon credits, purchased through XSGD and held in blockchain wallets.

By utilising Carbonseed.Earth’s monitoring and verification solutions and blockchain wallets to facilitate stablecoin and carbon credit transactions, the application enhances transparency for price discovery and addresses the issue of double counting through smart contract technology. On a larger scale, the application also helps to facilitate efficient cross-border transfers of value involving tokenised carbon credits.

“CarbonSeed.Earth aims to be the one-stop managing platform for businesses to go green with hassle-free carbon financing, with services ranging from simple project origination and Monitoring, Reporting, Verification (MRV), to marketplace financing. By leveraging on XSGD, we can enable greater transparency, accountability, and visibility using the concepts of Purpose Bound Money (PBM) to verify fund sources and automated milestone verification to unlock payouts and reward businesses as they embark on their green transformation journey.” said Mike Sun, VP Product, CarbonSeed.Earth.

Hashtag: #StraitsX

The issuer is solely responsible for the content of this announcement.

About StraitsX

StraitsX is the pioneering payments infrastructure for the digital assets space in Southeast Asia. StraitsX is a Major Payment Institution licensed by the Monetary Authority of Singapore and is part of Fazz’s ecosystem of financial services which powers business banking in Southeast Asia. StraitsX offers personal and business account holders to mint and redeem StraitsX stablecoins, manage payments as well as connect their accounts to digital asset platforms. Business accounts can also access B2B API-enabled payment rails for digital asset platforms.