Headquarters: A Crypto Business Account Redefining Onchain Payments

Headquarters (HQ.xyz) is the onchain business account designed to simplify financial operations for Web3 businesses. Like what we expect from a great business neobank, HQ.xyz offers both crypto and fiat payments, treasury management, and accounting. By combining digital assets and fiat workflows into a single interface, HQ.xyz makes managing digital assets and transactions more efficient. The best part, the treasury will remain in your self-custodial wallet at all times and only gets withdrawn at the point of payment.

Alongside its core features, HQ.xyz has established a significant presence in Singapore, leveraging the country's fintech-friendly regulations and team’s extensive networks to further its expansion. In this blog, we'll explore the key features that make HQ.xyz an essential tool for crypto businesses and highlight its growing influence in Singapore.

This Project Highlight is part of a series of Web3 Financial Operations guides and case studies produced by FinOps3. Explore all FinOps3 tools and content on the FinOps3 Platform.

Key Features of HQ.xyz

HQ.xyz offers several core features that streamline crypto and fiat financial management.These features simplify complex crypto processes and ensure businesses can operate securely and confidently. Let's take a look at what makes HQ.xyz stand out:

1. Flexible payment methods: tokens, bank transfers and even cards
   HQ.xyz has a strong focus on customers keeping their own funds, and yet having unrestricted access to payment methods of their choice. HQ.xyz allows businesses to operate directly from their crypto wallets, enabling seamless transfers as both digital assets and fiat. Companies can perform batch payouts, making token transfers for payroll, vendor payments and treasury management more efficient.
2. Secure Payments and Review Process
   HQ.xyz enhances security by detecting invalid addresses before transactions are completed. It also offers a review system where finance teams can create draft transactions and review them, to ensure that all payments are accurate and properly authorized before being executed.
3. Direct fiat off-ramp to third-party bank accounts
   HQ.xyz’s bank payouts are not like any other fiat off-ramp or OTC desk. Leveraging on the team’s background in payments, HQ.xyz allows for direct conversion of stablecoins (USDC, USDT, XSGD and more to come) from a crypto wallet to another recipient’s own bank accounts. Imagine paying your staff and vendors in stablecoins and they receive in fiat in their own bank accounts.
4. Corporate Debit Cards
   HQ.xyz recently introduced corporate VISA debit cards, enabling businesses to spend their stablecoins directly at over 130 million merchants worldwide. This feature extends the usability of digital assets in everyday operations, transforming how companies manage their spending. The cards are especially beneficial for businesses that want to maintain their holdings while having immediate access to fiat-like liquidity.​
5. Fuss-free Reconciliation and Accounting
   As a business or project, it is common to have financial reporting, at least for one’s own management. With HQ.xyz, all payments made using the platform as well as all onchain transactions to date are neatly captured. These transactions reports are displayed in a way that is easily understandable for any layman, and is compatible with leading accounting tools such as Xero (Xero appstore) and Quickbooks Online.

These features make HQ.xyz a valuable tool for crypto businesses, helping them streamline operations, secure transactions, and manage assets more effectively.

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HQ.xyz’s strong lead in the Singapore Market

Singapore is a strategic focal point for HQ.xyz due to its favourable regulatory environment and status as a global fintech hub. With its forward-thinking Payment Services Act, Singapore has established clear guidelines for stablecoins and digital payments, making it an attractive company market.

HQ.xyz has leveraged Singapore’s forward-thinking approach by forming a strategic partnership with Mandala Club and dtcpay. This partnership enables Mandala Club, one of Asia’s most exclusive private clubs, to adopt Web3 financial solutions, including crypto payments and NFT-enabled memberships.

Further solidifying its position, HQ.xyz earned First Runner-Up at the Singapore FinTech Festival Global Fintech Awards. HQ.xyz will also have a strong presence at the upcoming Token2049 in Singapore, signalling its continued regional expansion.

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Conclusion

HQ.xyz is setting a new standard for crypto businesses by offering seamless payment, fiat conversion, and spending tools that simplify onchain operations. Its focus on Singapore’s progressive market and regulatory support further establishes HQ.xyz as a key player in the crypto space.

FinOps3 is a platform and knowledge hub for Safe-powered on-chain finance. It aims to accelerate the adoption and retention of Treasury Managers and Financial Operators in the Safe Ecosystem by providing resources and guidance that make setting up and running a Treasury Management System powered by Safe easy and rewarding.

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