Why we invested in XWeave
XWeave recently announced its $3M Seed round to build the orchestration layer for cross-border stablecoin payments. We’re proud to back Milind and the XWeave team alongside Jungle Ventures, Lightshift, Menyala (Temasek’s venture studio), and others. You can read the announcement here and coverage from Fintech News here.
XWeave is building programmable infrastructure that lets payment platforms, wallets, and fintechs move money across borders using stablecoins, without getting bogged down in the complexity of underlying networks, compliance requirements, or FX liquidity. In short, they’re building a unified, asset-agnostic payments engine for the emerging stablecoin economy—one that’s designed for long-term scale as new stablecoins and CBDCs proliferate, and one that removes any dependency on a single issuer or asset type. This allows XWeave to align more closely with local regulatory preferences and maximize value for businesses across diverse markets.
Here’s why we invested.
A founder with deep payments and regional expertise
Milind Sanghavi has spent the past decade launching payment products at Meta, Visa, PayPal, and OCBC. He helped bring WhatsApp Pay to Singapore and Messenger Pay to Thailand. He understands both the technical and regulatory layers of payments infrastructure in Southeast Asia and MENA. This is founder-market fit at its best.
A focus on corridors most are ignoring
While most startups chase U.S., Latam, or EU corridors, XWeave is building for the places where cross-border payments remain broken, such as Singapore to the Philippines, or the UAE to Southeast Asia. These are high-volume, high-friction corridors that are often overlooked, but they’re where the need is greatest and the competitive noise is lowest.
Asset-agnostic routing across global payment networks
XWeave is building the routing layer that makes it easy for users to move money through the best rail for their needs—whether that’s a particular stablecoin or chain. By being asset-agnostic, XWeave isn’t constrained by any single protocol or issuer. This flexibility unlocks better alignment with local regulatory visions (not just USD-based models) and empowers users to tap into the most efficient rail for any given payment. It also allows stablecoins, CBDCs, on/off ramps, and payment networks to compete on performance and gain distribution in a neutral ecosystem.
Our thesis: regional infra will win the orchestration race
We’ve long believed that stablecoin orchestration won’t be dominated by a single global platform. It will be stitched together by regional specialists who understand the corridors they serve. Just as SWIFT evolved through bank-by-bank integration, stablecoin payments will require orchestration that reflects local compliance, culture, and capital flows. We see XWeave becoming that layer for Southeast Asia to MENA, and potentially beyond.
We’re thrilled to partner with XWeave at this early stage. It’s a rare chance to back the right founder, in the right market, with the right architecture, at a time when the infrastructure for stablecoin settlement is just being defined.