Stablecoin payments provider dtcpay has closed a $25 million Series A financing round with strategic backing from Japan’s SBI Group.
The Singapore-based company said the round was initially led earlier this year by Vertex Ventures Southeast Asia & India. SBI joined through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund, while existing investors Genedant Capital and Kwee Liong Tek continued their support.
dtcpay operates infrastructure designed to facilitate crypto payments, offering stablecoin conversion, asset custody and a Visa-linked payment card that allows customers to spend stablecoins at merchants.
The company holds a Major Payment Institution license from the Monetary Authority of Singapore. It also has regulatory operations across Europe, Hong Kong, Australia and North America.
SBI’s investment expands its exposure to infrastructure connecting traditional financial markets with digital assets. The partnership could also create additional channels between Japanese capital and businesses across Southeast Asia, where stablecoins can be used for faster cross-border settlement than conventional correspondent banking systems.
“We did not raise this round to sustain what we have built,” dtcpay founder and CEO Alice Liu said in a statement. “We raised it to fundamentally change how money moves across borders.”
SBI Deepens Digital-Asset Investments
The dtcpay investment is part of SBI’s wider expansion into stablecoins and digital-asset infrastructure. The group has invested across the sector, including through its acquisition of Singapore-based Coinhako and its multibillion-dollar investment in Ripple to support distribution of the RLUSD stablecoin.
SBI is also a founding validator of Circle’s Arc network, further extending its involvement in blockchain-based financial infrastructure.
dtcpay said the new funding will be used to build an enterprise-focused portal, improve its application and expand its merchant network.
The company did not disclose its valuation, revenue or the specific breakdown of how the $25 million will be allocated.
