Bitwave, the leading enterprise digital asset finance platform, is excited to announce a strategic partnership with Excellar. Excellar is an issuer of regulated on-chain financial products that provide consumer protection, transparency, and safety similar to traditional finance. This collaboration is set to transform treasury management by introducing advanced stablecoin capabilities for institutions operating across the Stellar, Polygon, and Ethereum ecosystems.
Introducing XUSD: A Next-Generation Yield-Bearing Stablecoin
At the core of this partnership is XUSD, a regulated yield-bearing dollar stablecoin backed by liquid, short-term U.S. Treasuries and similar instruments, purpose-built for safety, security, transparency, and cross-ecosystem compatibility. XUSD offers finance teams a powerful tool for optimizing treasury operations while delivering the stability demanded by today’s leading organizations. Currently, XUSD is only available outside the United States.
"The first generation of stablecoins, like USDC, used blockchains as payment rails and proved product-market fit. The next generation, such as XUSD, enhances the customer experience by combining traditional assets with blockchain technology,” said Amit Kaushik, Co-Founder & CEO at Excellar
“XUSD serves as both a payment and savings tool, offering corporate treasurers money-market yields on a liquid token pegged to the US dollar. Its reserves are held in a bankruptcy-remote vehicle at a systemically important bank. The Excellar-Bitwave partnership marks a significant advancement in corporate treasury management."
Seamless XUSD Accounting and Reporting with Bitwave
Bitwave’s enterprise-grade platform empowers CFOs, CPAs, and financial operators with the ability to manage XUSD transactions with confidence:
- Streamlined Onboarding: Easily integrate XUSD with Oracle NetSuite thanks to user-friendly setup guides and expert support from Bitwave’s top-rated Customer Success team.
- Comprehensive Financial Reporting: Generate audit-ready Balance Sheets, Journal Entries, and Ledger Reports with comprehensive, accurate financial data.
- Advanced Transaction Management: Automate XUSD tracking, categorization, and data import/export with our enterprise-grade platform. The Bitwave Transaction Register is your trusted, single source-of-truth for XUSD transaction tracking.
- Regulatory Compliance and Tax Optimization: Simulate gain/loss scenarios, maintain US GAAP and IFRS-compliant records, and capitalize fees with ease.
By combining the security and efficiency of the XUSD stablecoin with Bitwave’s intuitive payment workflows, financial pros can achieve a new level of operational success.
"At Bitwave, we’re dedicated to empowering finance teams to leverage the full potential of digital assets without compromising on security or compliance," said Amy Kalnoki, Co-Founder and COO of Bitwave.
"Our partnership with Excellar and the integration of XUSD enable businesses to reimagine treasury management—combining the efficiency and transparency of blockchain technology with the reliability and yields of traditional finance. Together, we’re delivering solutions that enhance how organizations approach stablecoin adoption."
Empowering Treasury Management Innovation. Together.
This partnership underscores Bitwave’s commitment to equipping global finance teams with the tools they need to excel with digital assets. Together, Bitwave and Excellar are enabling institutions to unlock new opportunities for yield generation, regulatory compliance, and streamlined accounting across leading blockchain ecosystems.
Discover how Bitwave and Excellar can transform your treasury operations.
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Disclaimer: The information provided in this blog post is for general informational purposes only and should not be construed as tax, accounting, or financial advice. The content is not intended to address the specific needs of any individual or organization, and readers are encouraged to consult with a qualified tax, accounting, or financial professional before making any decisions based on the information provided. The author and the publisher of this blog post disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use or application of any of the contents herein.
