Aliniex

Aliniex is a digital asset company founded in 2017 in Hanoi, Vietnam that began as one of the country's earliest cryptocurrency exchanges and has since evolved into a multi-country fiat-to-crypto payment infrastructure provider. The company's flagship product, AliX Pay, now serves businesses and developers across Southeast Asia and beyond, with Solana among the blockchain networks underpinning its settlement layer.

From Exchange to Infrastructure

Founded by Percy Phan, Aliniex entered the market as a domestic exchange where Vietnamese users could buy and sell Bitcoin, Ethereum, Litecoin, Tether, and other digital assets using local fiat currency. As the crypto market matured and regional demand shifted toward B2B solutions, the company pivoted its focus toward payment infrastructure. The exchange product has been absorbed into a broader platform; the aliniex.com domain now redirects to alixpay.com, signalling that AliX Pay is the company's primary commercial identity.

AliX Pay describes itself as "the leading Fiat-to-Crypto On & Off Ramp, offering the Widest Range of Payment Methods." The platform targets fintech companies, crypto platforms, e-commerce operators, and remittance services looking to embed on/off ramp capabilities without building compliance infrastructure in-house.

Core Products

On and off ramps remain the foundation of the offering. Users and businesses can convert between fiat currencies and digital assets through the platform's checkout flow, accessible via a hosted referral link or through a full API integration with custom UI.

Scan-to-Pay is the product most adapted to Southeast Asian market conditions. Customers pay for goods using stablecoins by scanning an existing QR code; merchants receive local fiat currency on the backend without needing new hardware or operational changes. AliX Pay integrates with national QR payment standards — QRIS in Indonesia, QRPH in the Philippines, and InstaPay — along with major regional e-wallets including GCash, Maya, and GrabPay. This approach gives the infrastructure access to more than 34 million merchant acceptance points across Indonesia, the Philippines, and Vietnam.

Alix Card extends the offering to consumers: a branded physical and virtual Visa card compatible with Apple Pay and Google Pay, enabling everyday spending directly from crypto holdings.

White-label APIs give enterprise clients programmatic control over the on/off ramp experience. The API suite includes an Order API for transaction creation, a Quote API for live pricing, a Currencies API listing supported assets, and KYC integration powered by Sumsub.

NFT Checkout rounds out the product set, handling payment processing for NFT transactions.

Blockchain Networks and Stablecoins

According to AliX Pay's profile on the Circle Alliance directory, the platform operates across three blockchain networks: Ethereum, Polygon PoS, and Solana. USDC is the primary stablecoin used through the Circle partnership, though USDT is also supported via a separate Tether partnership. Solana's throughput and low per-transaction cost make it a practical settlement layer for the high-frequency consumer payment use cases the platform targets in Southeast Asia.

Geographic Reach

AliX Pay operates in more than 11 countries. Its Southeast Asian presence spans Vietnam, the Philippines, Thailand, Cambodia, Indonesia, and Malaysia. The platform also operates in South Korea, Liberia, Nigeria, the Democratic Republic of Congo, with expansion into Latin America and the Middle East and Africa. Alongside its Vietnamese origins, the company maintains offices in Melbourne (Australia), the United States, the Netherlands, and Lithuania — a footprint that reflects both its regulatory ambitions and its enterprise client base.

Regulatory Credentials

AliX Pay holds a Virtual Asset Service Provider (VASP) license in Poland and a Money Service Business (MSB) license in Canada, providing the regulatory foundation for its European and North American-facing operations. The platform is SOC 2 certified. For compliance infrastructure, it integrates Chainalysis for blockchain analytics and Sumsub for KYC/AML identity verification.

Partnerships

In September 2024, Aliniex joined the Circle Alliance Program, a network organized by Circle — the company behind USDC — to unite companies advancing blockchain-based financial infrastructure. Membership provides priority access to USDC liquidity and deepens the company's integration with the Circle ecosystem, supporting faster cross-border settlement. Additional partnerships include Tether for USDT liquidity, The Open Network (TON) for blockchain integration, and Alchemy Pay for supplementary liquidity infrastructure.

Vietnam's Regulatory Context

Vietnam's government approved a five-year pilot program for the crypto asset market in September 2025 via Resolution No. 05/2025/NQ-CP, with the Ministry of Finance beginning to accept exchange license applications in January 2026. The new onshore framework requires a minimum charter capital of approximately VND 10 trillion (roughly $380 million), with at least 65% held by institutional shareholders such as commercial banks or securities firms. Aliniex is not among the initial applicants for this domestic exchange license — whose capital requirements strongly favor established financial institutions — but continues to operate its international payment infrastructure business through its VASP and MSB licenses.

Summary

Aliniex's trajectory tracks a pattern common among first-generation emerging market crypto exchanges: initial domestic exchange operations gave way to more scalable B2B infrastructure products as global platform competition intensified. AliX Pay's deep integration with Southeast Asia's national QR payment networks, stablecoin settlement on Solana and Ethereum, Circle Alliance membership, and multi-jurisdiction regulatory credentials position it as a payments middleware layer bridging crypto rails to the region's existing fiat payment infrastructure.