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HQ.xyz acquired by Gnosis for US15M to streamline the financial operations of crypto-native businesses in Asia Markup 1180
2025.05.28
500 Global Team
Photo credit: Tech in AsiaOnwards 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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