StraitsX says it is the licensed issuer, BIN sponsor, and infrastructure provider behind OKX Card in Singapore, using its Visa issuing membership to handle card issuance, authorization, clearing, settlement, and compliance. The setup lets OKX Pay users spend digital asset balances at 175 million Visa merchants globally, with StraitsX bridging the regulated stablecoin-to-fiat settlement layer. It is less a flashy card launch than a regulated issuer-stack story: OKX gets consumer payments UX without building the Visa and Singapore compliance plumbing itself.

TLDR by @Benthic