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We are pleased to announce that is partnering with , a universal framework and blockchain for worldwide assets tokenisation and on-chain management. In this partnership, Xend Finance will integrate the E Money Wallet in its ecosystem to propel its cause of expanding financial inclusion and empowering the unbanked population of the world.
This partnership will enable Xend Finance users to navigate the Web3 world smoothly and securely using E Money Network's Web3 wallet - E Money wallet. Xend Finance users will be able to manage their assets, including the platform’s own stablecoin and other digital assets within the Xend Finance application using E Money Wallet. E Money Wallet, with its multi-chain support, offers secure storage and transactions of digital assets from diverse blockchains including Ethereum, Avalanche, BNB Smart Chain, Polygon and more.
The wallet is equipped with the functionality to enable users to natively mint e-money tokens and use them within and beyond the crypto ecosystem after the implementation of Markets in Crypto Assets (MiCA) regulations in the EU. Furthermore, the wallet will soon have International Bank Account Number (IBAN) integration, allowing it to facilitate fiat transactions as well. Thus, the E Money Wallet will power a true, Web3 experience for users by fueling crypto, e-money and fiat transactions from a single source within and beyond the crypto economy.
Xend Finance aims to improve financial inclusion globally by providing a universal framework and blockchain infrastructure for worldwide asset tokenisation and on-chain management of digital assets. A compliant-first approach is requisite for achieving this vision as it fosters trust among the community and authorities.
A core component of the Xend Finance ecosystem is the Asset Chain, the native blockchain for their Real-World Asset OAE (Onchain Asset Environment) created to allow the seamless onboarding of all legally transactable asset types on-chain. The Asset Chain functions as a decentralised, open-source smart contract platform for facilitating quick, secure, scalable and compliant infrastructure for dApps.
E Money Wallet adheres to the EU’s Markets in Crypto Assets (MiCA) regulations by design. It is mandatory for every user signing up for the wallet to undergo a KYC check. Only KYC-verified entities and users are allowed to use the wallet, which is in line with the upcoming MiCA regulations. The integration of E Money Wallet in Xend finance's ecosystem, including the Asset chain blockchain, will enhance overall user experience and set new standards of security, transparency, and regulatory compliance.
At present, users can access the Asset Chain testnet using the E Money Wallet.To use the Asset Chain testnet, users can download the E Money Wallet from and add it as an extension to their Chrome browser.
After setting it up, they can add the Asset chain details as shown below.
Once the chain details are added then users can start exploring the testnet’s functionalities such as native bridge for multi-chain support, swap, RWA staking, RWA faucet, etc. on the Asset Chain testnet. When the Asset Chain mainnet is live, they will be able to add Asset Chain mainnet on E Money Wallet.
This collaboration is a crucial step in Xend Finance's efforts to bank the unbanked and drive financial inclusion, especially in emerging markets where access to traditional banking services may be limited. Currently, Xend finance ecosystem has onboarded 160k+ African users on its app. The integration of E Money wallet will empower Xend Finance users, including those who may have been previously excluded from the traditional financial system, to participate in the growing crypto economy and benefit from the platform's high-yield investment opportunities opened up by RWA tokenisation. Thus, this partnership helps Xend Finance to further strengthen its position as a comprehensive crypto-based financial inclusion solution, offering users a secure and user-friendly platform to access a wide range of financial services.
