SBI Group Invests $25 Million in Singapore Stablecoin Payments Firm dtcpay Series A

Singapore-based stablecoin payments company dtcpay completed a $25 million Series A funding round with a strategic investment from Japan’s SBI Group, extending the round that was initially led by Vertex Ventures Southeast Asia & India.

“completed a $25 million Series A financing round with a strategic investment from Japan’s SBI Group”

CoinDesk

The investment was made through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund, while existing backers Genedant Capital and Kwee Liong Tek also maintained their positions in the round.

@coindesk

dtcpay said it provides digital-asset conversion, custody, and Visa-linked card services, and that its operations span Europe, Hong Kong, Australia and North America.

The company said it would use the funding to develop an enterprise portal, improve its app and expand its merchant network, while withholding details about valuation, revenue, or the allocation of proceeds.

In a statement, Alice Liu, founder and CEO of dtcpay, said, "We did not raise this round to sustain what we have built."

dtcpay’s funding announcement tied the expansion plans to regulated access, saying it holds a Major Payment Institution license from the Monetary Authority of Singapore and has regulatory footprints in Europe, Hong Kong, Australia and North America.

The company also holds an Electronic Money Institution license in Luxembourg, and it said it has licences or registrations in other markets including the United States and Canada.

Asia Business Outlook

Asia Business Outlook described dtcpay’s stablecoin payments services as allowing businesses and consumers to use stablecoins alongside traditional currencies, and said the company plans to expand across Singapore, Southeast Asia and other regulated markets.

Asia Business Outlook added that dtcpay has partnered with BNB Chain and integrated with WalletConnect, saying the integration gives users access to stablecoin payments across more than 700 wallets.

Band Zhao, group chairman of dtcpay, said, "The next chapter for dtcpay is about scale."

dtcpay said the $25 million injection will fund an enterprise portal, enhanced application features, and merchant expansion, while the announcement did not disclose the company’s valuation, revenue figures, or the precise allocation of proceeds.

“"Where traditional cross-border transfers via SWIFT and correspondent banking networks are often slowed by multi-day settlement cycles"”

The Block

The Block reported that the fresh capital will enable dtcpay to scale its product suite and merchant network, including a revamped business portal for enterprise clients, and said the company’s Series A completion came after a $16.5 million pre-Series A round in June 2023.T

In its own statement, dtcpay said it bridges digital assets with traditional finance through infrastructure that enables businesses and individuals to accept, store, and transact in stablecoins.

The Block also quoted dtcpay’s statement that, "Where traditional cross-border transfers via SWIFT and correspondent banking networks are often slowed by multi-day settlement cycles," dtcpay settles transactions "at a fraction of the cost."T

dtcpay’s roadmap through the rest of 2026 included a redesigned business portal for enterprise customers and new functions inside its consumer app, according to Crypto News.