01 — Technological Progress

PlatON

1）The PlatON Devnet2 testing network has been disabled, and the Devnet3 testing network based on PlatON version 1.5.1 has been officially launched.

2）The Trace node synchronization test for PlatON version 1.5.1 has been completed, and the previous issue of Trace failures in the built-in contracts has been resolved.

TopWallet

Optimized the user interface (UI) design, fixed known functional bugs, and enhanced the product user experience.

TOPOS Cross-Border Remittance System

1）Advanced channel negotiations and integration testing for markets including Brazil, Argentina, Mexico, Vietnam, and Malaysia.

2）The Philippines business is experiencing rapid growth, with the daily peak transaction processing volume exceeding $500,000; $5 million in cross-border remittances was completed within December.

TOPOS On-Chain Payment System

1）Reached a cooperation intent with one PSP (Payment Service Provider). Interface adaptation is under development to implement the service.

2）Reached a cooperation intent with a POS terminal manufacturer to jointly develop a POS terminal supporting multi-chain payment collection functions.

PICA Wallet

Initiated the development of a new enterprise wallet project, positioned as a dedicated account system for retail merchants to receive stablecoin. It will provide core functions such as multi-chain stablecoin collection, PlatON stablecoin collection, and stablecoin cash transactions at offline stores.

LATEX

Internally launched a new stablecoin trading platform, initially prioritizing the needs of multi-currency payment scenarios. It supports stablecoin multi-currency exchanges in scenarios such as TopWallet country code payments, QRPay, ZKPay, and others. In the future, functionalities such as individual user investments into currency exchange pools will be gradually opened.

02 — PlatON News

“SEA Crypto & Payment Ecosystem Report — Philippines 2025” Released, Analyzing the New Landscape of Digital Asset and Traditional Finance Integration

In December, PlatON released the “SEA Crypto & Payment Ecosystem Report — Philippines 2025.” The report highlights that the Philippines is becoming a key market for the integration of digital assets and traditional finance, providing a comprehensive overview of the country’s regulatory framework and market ecosystem.

The core analysis of the report focuses on the Philippines’ digital asset regulatory system and dual regulatory structure, the landscape of national payment institutions, regulatory frameworks for virtual asset service providers, and the broader digital asset ecosystem. It also explores the policy outlook and potential use cases for cross-border payments and stablecoins, offering a systematic reference for understanding the current state and future trends of the Philippine digital finance market. The full report is now available for download.

“SEA Crypto & Payment Ecosystem Report — Thailand 2025” Released, Decoding New Paths for the Development of Digital Financial Hubs

Recently, PlatON released the “SEA Crypto & Payment Ecosystem Report — Thailand 2025.” The report highlights that Thailand is gradually becoming a global leader in digital finance, where its “prudent innovation” approach is integrated with world-class payment infrastructure, creating a rapid collaborative development model between traditional finance and the digital economy.

The core insights of the report include: the regulatory framework for digital assets and tax incentive policies established by the Thai Securities and Exchange Commission; the regulatory sandbox by the Bank of Thailand for programmable payments and stablecoins; the integration of licenced service providers within the regulatory framework with traditional financial institutions; and a comprehensive overview of the electronic payments sector, covering the current status and trends of mobile wallets, international payment gateways, and cross-border remittance systems. The full report is now available for download.

03 — Ecosystem Progress

KuCoin Pay and PlatON Reach Cooperation to Build a Boundless Web3 Payment Ecosystem

Recently, KuCoin Pay officially entered into a strategic partnership with PlatON. By integrating KuCoin Pay into the TOPOS on-chain acquiring system, PlatON and KuCoin Pay will work together to reach a broader market and expand diverse payment methods and currency options, providing merchants and users with a safer, more efficient, and borderless digital currency payment experience.

About PlatON

PlatON is an open financial infrastructure initiated and promoted by the LatticeX Foundation. Built on it, Topos offers payment and clearing system solutions for financial institutions and payment service providers. PlatON is constructing a payment “highway” that bridges traditional finance and the digital economy. Equipped with financial-grade capabilities such as high-frequency transaction processing, rapid settlement, and multi-asset smart contracts, it supports global demands, including cross-border payments, institutional clearing and settlement, and compliant digital asset management.

Forum｜Discord｜X｜Telegram｜Github｜Medium｜YouTube