【AllScale】Fintech platform leveraging stablecoins / Integrated solutions for invoicing, global payroll, and social commerce / @allscaleio
Stablecoin-based payments will become the infrastructure.
Good morning.
I’m Mitsui, a web3 researcher.
Today I researched “AllScale”.
What is AllScale?
Transition and Outlook
Stablecoin-based payments will become the infrastructure.
TL;DR
An all-in-one payment and financial platform for small and medium-sized enterprises, offering integrated solutions for invoice issuance, global payroll, and social commerce using stablecoins, complete with fiat-to-stablecoin on/off ramps.
A non-custodial wallet utilizing passkey and account abstraction, eliminating the need for seed phrases and delivering a gas-fee-free UX, allowing users to interact with blockchain without its complexities.
A founding team with backgrounds at TikTok, Capital One, and crypto exchanges launched in 2025, inspired by their MVP stablecoin operations at HashMatrix. They raised approximately $1.5 million in a pre-seed round and are now preparing for a full beta launch.
What is AllScale?
AllScale is a fintech platform that provides financial solutions utilizing stablecoins for small and medium-sized businesses (SMBs).
Specifically, we offer an all-in-one service that integrates products such as Invoicing, Global Payroll, and Social Commerce (AllScale Pay).
Below, we outline each feature and characteristic.
◼️Invoice Issuance
This service allows you to send invoices to clients with a single link and receive payment instantly in stablecoins, regardless of the payment method.
Clients can pay using their preferred method, such as credit card, bank transfer, or cryptocurrency wallet, and recipients automatically receive instant settlement in stablecoins like USDT or USDC.
This service features passkey authentication without requiring a seed phrase and a zero-gas-fee mechanism (compliant with EIP-7702), enabling users and customers to utilize it without needing to be aware of blockchain-specific fees or wallet setup.
◼️Global Payroll
A cloud-based HR and payroll management platform that enables employers to pay employees and contractors worldwide instantly and at low cost.
AllScale centralizes everything from recruitment management to payroll processing, invoicing, and compliance management on this platform, enabling companies to complete the hiring and compensation of global talent with just this one solution.
Key features include the ability to freely combine fiat currencies and stablecoins when paying employees, reducing exposure to exchange rate fluctuations and lowering remittance fees.
In the future, we plan to offer employees a “wallet + account + card” feature. This will allow them to securely store received stablecoins in a wallet while also enabling them to exchange them for fiat currency when needed or make direct payments using a stablecoin-linked debit card.
This mechanism enables employees in high-inflation regions to maintain purchasing power (by paying them in USD-pegged stablecoins), facilitates payments to unbanked workers, eliminates delays and high costs associated with international remittances, and provides employees with greater freedom in asset management and savings.
◼️Social Commerce Feature (AllScale Pay)
This service allows creators and freelancers to set up payment bio links (pages with payment links) on their social media profiles, enabling them to receive direct payments in stablecoins from followers and clients.
Users can create customizable profile pages on AllScale to showcase their services or products. By placing an order form on these pages, visitors can submit payment requests for desired items. Requests sent via payment links are automatically converted into invoices, allowing owners (creators) to receive immediate payment simply by approving them.
This enables instant payments without delay, allowing content creators to receive tips or service fees from global fans and directly sell digital goods within online communities.
This feature is scheduled for release soon, but our roadmap also includes plans to add review and rating features, service bundles, and real-time chat functionality. We aim to develop it into a platform that supports the creator economy.
◼️Global Settlement Infrastructure
The above three are our primary services, but we also have established on/off ramps between fiat currencies and stablecoins, as well as an international settlement network to support them.
When user companies deposit funds in local currency, AllScale undergoes a series of OTC processes: first performing KYC/KYB (Know Your Customer/Know Your Business) verification, then converting the funds into stablecoins (on-ramp), and finally converting them back into the recipient company’s fiat currency via off-ramp processing as needed.
This mechanism reduces cross-border payments—which typically take about two weeks through conventional banks—to approximately T+1 days. It also lowers costs such as foreign exchange losses and fees, which previously reached up to 15% but are now capped at around 3%. Furthermore, settlements are available 24 hours a day, 365 days a year, unrestricted by bank operating hours.
Funds after processing can be withdrawn to either the user’s designated bank account or blockchain wallet. For smoother future use, this information can also be securely stored.
◼️Non-custodial wallet
AllScale emphasizes its “non-custodial” nature, employing an architecture that does not hold users’ private keys or assets.
At its core are Passkey technology and account abstraction. Users log in using biometric or device authentication via Passkey, while the signing key (private key) is securely managed in the backend.
Furthermore, AllScale leverages the latest Ethereum technology, exemplified by EIP-7702, to hide gas fees from users. EIP-7702 is a form of account abstraction, a standard enabling EOA accounts to exhibit flexible behavior akin to smart contracts—such as batch transaction execution and gas fee sponsorship.
AllScale uses this mechanism to shield users from gas fees during transactions (in some cases, AllScale covers them instead), presenting clients with a “zero blockchain fee” experience.
On the official X account, they also promote: “With a passkey-based wallet, no seed phrase or gas fees are needed. Thanks to gas abstraction via EIP-7702, users never have to worry about blockchain fees at all.”
Transition and Outlook
AllScale is operated by AllScale Inc., a startup founded in February 2025. The company is structured as a Delaware C-Corp, enabling compliance with regulatory requirements and facilitating fundraising, while its primary business operations and development team are based in Hong Kong.
The founding team consists of three co-founders.
Shawn Pang (Co-founder and CEO)
A serial entrepreneur based in Canada, he has served as a product manager in the payments domain at TikTok Canada and Capital One. He has also been involved in compliance-related work at Kraken and Block, accumulating extensive experience across the finance, crypto, and tech industries. After studying computer science and business at Western University, Pang developed multiple apps during his student years and worked as a PM for fraud prevention at a major corporation after graduation. However, driven by a desire to “stay at the forefront of startups,” he simultaneously pursued external ventures, co-founding and growing HashMatrix, a startup studio/agency. The idea for AllScale emerged when he encountered challenges with international payments at HashMatrix, leading him to develop an MVP and launch the business.Ruoyang Wang (Co-founder and Head of Product)
While detailed background information is scarce, reports indicate he has experience working on products at OKX and other crypto and fintech companies. He is also suggested to have worked at Kraken and Block, making him an individual with expertise in both the crypto and payments industries alongside Pang.Jun Li (Co-founder and Head of Legal and Compliance)
Li, who holds a New York State law license and previously held legal and compliance roles at Kraken and blockchain media outlet The Block, joins AllScale. With his expertise in both law and crypto, AllScale is strengthening its ability to navigate global regulations and enhance its internal compliance framework.
Mr. Pang founded AllScale to solve the challenges of international money transfers he had personally experienced through his own business operations. At his marketing company HashMatrix, which conducted business globally with freelancers and partner companies, he frequently encountered issues where traditional bank transfers to recipients in emerging economies were delayed or accounts were frozen.
As an alternative, we tried using stablecoins, and they proved so popular that customers requested, “Once you use them, we want to pay with stablecoins from now on.” This led to the conception of AllScale.
Product development began at the MVP stage. Before founding AllScale, Pang had prototyped a simple stablecoin payment system using spreadsheets within his own HashMatrix business.
This MVP enabled HashMatrix to pay freelancers and partner companies worldwide using stablecoins, though it was operated manually.
As a result, it has processed approximately $500,000 worth of transactions per month, demonstrating solid demand. The initial users were a group of partner companies with close ties to HashMatrix, who provided enthusiastic feedback such as “significantly faster and cheaper than traditional bank transfers” and “once you use it, you can’t go back to sending fiat currency.”
The most frequently expressed user feedback was the desire for solutions that “hide technical complexity while ensuring regulatory compliance and security.” While the convenience of stablecoin payments themselves was highly praised, managing wallet addresses, paying gas fees, and navigating country-specific regulations can pose significant burdens for small and medium-sized enterprises.
The AllScale team therefore clarified its direction: to automatically handle compliance functions like KYC, KYB, and KYT in the background, providing users with only a simple UI.
This led to the establishment of AllScale, which secured funding shortly after its founding.End of June 2025Secured approximately $1.5 million in funding in a pre-seed round.
The lead investor is Silicon Valley’s Draper Dragon, joined by cryptocurrency finance giant Amber Group and KuCoin Ventures, the venture arm of exchange KuCoin. Other investors disclosed include Oak Grove Ventures, Y2Z Ventures, funding from the Hong Kong government-backed incubator Cyberport, and a group of angel investors led by Bitget executive Gracy Chen.
Additionally, around the time of this funding round, AllScale also entered the global incubation program launched by Binance Labs (now hosted by YZi Labs, “EASY Residency”), receiving business guidance from a distinguished group of mentors.
The service is currently in beta as of 2025, with final adjustments being made to enhance security and refine licensing aspects. A full-scale service launch is imminent and highly anticipated.
Stablecoin-based payments will become the infrastructure.
Finally, we conclude with a summary and analysis.
Projects like AllScale seem to have made significant strides over the past year. This is largely due to the surge in stablecoins, which has brought them increased attention. Stripe’s acquisition of Bridge has further fueled this momentum.
Since Stripe, numerous companies have acquired stablecoin-related infrastructure, clearly demonstrating the heightened attention in this sector.
This area is gaining attention simply because the future of payment infrastructure is expected to shift toward stablecoins. For companies with employees and supply chains spread globally, international remittances are routine operations. If these payment fees become cheaper and the recipients also benefit, there’s no reason not to switch.
The only concern I see is security and legal compliance, but as long as it adheres to local laws and maintains proper compliance, there should be no particular issues with its use. Once various companies start adopting it early on, I believe we’ll see a domino effect where many companies begin using it as a matter of course.
Even for someone of my scale, stablecoins are the only choice when dealing with overseas businesses. They’re fast, cheap, and once received, you can immediately put them to work in DeFi—super convenient.
Within Japan, the on/off ramp procedures are still too cumbersome to really catch on, but once deposits can be made in fiat currency and received as stablecoins, and stablecoins and fiat currency can be moved with a single tap, I think stablecoin deposits, payments, and holdings will become much more commonplace.
Going forward, I believe stablecoins will increasingly be used not only for trading cryptocurrencies but also for everyday payments and holding. I also want to keep an eye on the players who emerge at that time.
I was able to create an account on AllScale even when trying it out now, so I’m looking forward to future feature enhancements and plan to play around with it a bit.
That concludes our research on “AllScale”!
Reference Links:HP / DOC / X
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mitsui
A web3 researcher. Operating the newsletter "web3 Research" delivered in five languages around the world.
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The author is a web3 researcher based in Japan. If you have a project that is interested in expanding to Japan, please contact the following:
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