HQ.xyz acquired by Gnosis for US$15M to streamline the financial operations of crypto-native businesses in Asia | Markup #1180

May 28, 2025 · 1 min read

Photo credit: Tech in Asia

Onwards with Onchain

In 2022, Sharon and Sunny imagined a world where Web3 companies could easily pay vendors, have corporate cards, and close the books all without giving up control of their assets. That became 500-backed HQ.xyz.
Fast forward to 2025, the startup has been acquired by blockchain company Gnosis for US$14.95M, and integrated into the broader Gnosis ecosystem to build faster, go further, and serve more teams who believe in an open financial future.
Rebranded as Gnosis HQ, the team aims to bridge the gap between blockchain technology and practical, everyday applications for the masses.
As Gnosis HQ, the platform will continue to grow the tools that businesses need to operate on chain, including self-custodial Visa® corporate cards, stablecoin-to-bank payouts in 30+ currencies, and integrated reporting with Xero, QuickBooks, and CSV.
The acquisition also marks Gnosis’s official entry into Asia, starting from HQ’s home base in Singapore, where adoption of stablecoins is accelerating across industries.
Read the full announcement here.

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