XWeave, a Singapore-based cross border payments through stablecoins, announced Monday a $3 million seed funding round led by Jungle Ventures via First Cheque@Jungle and Lightshift.

The round included follow-on investment from Menyala – venture studio founded by
Temasek, and participation from new investors, White Star Capital, Fabric Ventures, DCG, The Venture Dept. and other prominent angel investors, XWeave said in a statement.

With this funding, XWeave plans to expand its network into key non-G10 corridors in the Middle East and broader Asia, including the United Arab Emirates (UAE), Japan, Hong Kong, and Indonesia.

The company is also in conversations with regional fintechs and global merchant platforms looking to embed real-time, cross-border settlement into their products.

As stablecoins become part of the mainstream financial stack, the firm is building the
infrastructure layer connecting blockchain-based value rails to traditional finance delivering the speed, transparency, and control modern businesses demand.

“The $30T cross-border payments market is overdue for transformation,

“As stablecoins evolve into mainstream financial infrastructure, XWeave is the connective tissue that enables businesses to move money across borders with the ease of a text and the compliance rigor of regulated flows,” said Milind Sanghavi, Founder and Chief Executive Officer of XWeave.

While there have been other attempts using specific digital assets, he said it is about to see a significant rise in both stablecoins and central bank digital currencies (CBDCs).

“XWeave’s non-custodial, asset-agnostic orchestration platform is the best way for businesses to access this growing liquidity— leveraging the benefits of blockchain without relying on regulatory arbitrage,

“Our job is to make it usable and adaptable for the full spectrum of money flows,” he added.

Founded in 2024, XWeave is a non-custodial platform that connects businesses to blockchain-based cross-border payment rails.

By integrating traditional fiat systems with stablecoin networks, the firm enables instant, compliant, and cost-efficient money movement across markets.

The firm’s non-custodial infrastructure allows institutions to transact across borders without taking custody of user funds, combining regulatory compliance with the efficiency of decentralized technologies.

Since launching in December 2024, the platform has successfully processed real-time payments between Singapore and the Philippines and is now scaling across key growth corridors including the UAE, Indonesia, Japan, and Hong Kong. It is actively expanding its network across Asia and the Middle East.

Designed for interoperability, XWeave’s platform supports a wide range of use cases from remittances and treasury operations to wallet integrations and merchant payouts.

Its optimization engine intelligently scans across multiple stablecoins and fiat on/off ramps to identify the most cost-efficient path for each transaction — ensuring maximum savings and speed.

“Milind and the XWeave team are tackling one of the most complex and consequential
challenges in fintech, making global money movement seamless, secure, and scalable,

“Their timing couldn’t be better. As digital assets gain regulatory clarity and enterprise adoption surges, XWeave is perfectly positioned to become a foundational layer in the future of cross-border finance,” said Rishab Malik, Partner for Seed Investments at Jungle Ventures.

Anil Hansjee, General Partner at Fabric Ventures, said that founded by a team with deep payments experience across emerging markets, XWeave is a trusted partner in cross-border trade.

“It leverages its intelligent routing engine to optimize flows without requiring pre-
funding, while solving for the increasing fragmentation across networks, liquidity, and local currency stablecoins,” he added.

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