Singapore-based payments company Dtcpay completes a $25 million funding round, backed by Japan’s SBI Group, to enhance stablecoin acceptance and build regional digital-asset infrastructure amidst ongoing expansion plans in Asia and Europe.
Dtcpay has completed a $25 million Series A funding round, bringing in Japan’s SBI Group as a strategic investor as the Singapore payments company pushes to widen the use of stablecoins in everyday commerce. The financing was first started with a $10 million tranche led by Vertex Ventures Southeast Asia & India in April, and the latest close adds Genedant Capital and existing backer Kwee Liong Tek to the round. Neither dtcpay nor SBI disclosed the value of SBI’s individual commitment or the company’s valuation.
The company said the money will go towards a rebuilt business portal for corporate clients, new consumer features in its app and a broader merchant network. Dtcpay said its infrastructure allows businesses and individuals to accept, store and spend stablecoins as well as fiat currency, with a swap engine linking the two. Its payment options include direct merchant acceptance and a Visa card that can be used at more than 150 million locations worldwide, though that figure refers to card acceptance rather than merchants signed up directly to take stablecoins.
SBI’s role gives the deal a clear regional angle. In comments carried by the company, SBI Ven Capital chief executive Eiichiro So framed the investment as the beginning of a wider partnership tied to digital-asset origination between Japan and south-east Asia through regulated financial infrastructure. Dtcpay founder and chief executive Alice Liu said the company wants to change how money moves across borders, while co-founder and group chairman Band Zhao pointed to stronger infrastructure, deeper ties with financial institutions and entry into additional regulated markets.
The funding also builds on dtcpay’s earlier expansion plans. The company says it holds a Major Payment Institution licence from Singapore’s central bank, the Monetary Authority of Singapore, as well as an Electronic Money Institution licence in Luxembourg, which was previously linked to plans for European market entry. Its customer base already includes names such as Metro and Capella Singapore, and it also points to an integration with WalletConnect. Even so, dtcpay did not set out a timetable for any launch in Japan, leaving that part of the cross-border strategy as a longer-term aim.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
