Liu Tianwei

Tired of expensive bank transfers, Liu Tianwei and three of his friends founded Xfers, now known as StraitsX. In 2021, Xfers raised a strategic investment of US$30 million from PayFazz and jointly formed a new entity, Fazz Financial Group. StraitsX is a pioneering payments infrastructure for the digital assets space in Southeast Asia, enabling personal and business account holders to mint and redeem StraitsX stablecoins, manage payments and connect their accounts to digital asset platforms. It is the issuer of the world’s first Singapore Dollar stablecoin, XSGD, and XIDR, the StraitsX Indonesian Rupiah stablecoin. The company is a Major Payment Institution licensed by the Monetary Authority of Singapore.