Singapore-licensed stablecoin payments company dtcpay has formally closed a $25 million Series A round, with Japan’s SBI Group joining as a strategic investor. The round was initially backed earlier this year by Vertex Ventures Southeast Asia & India, and later included SBI through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. Existing investors Genedant Capital and Kwee Liong Tek also stayed in the round.
dtcpay provides digital-asset conversion, custody and a Visa-linked card that allows users to spend stablecoins in a way similar to cash. The company holds a Major Payment Institution license from the Monetary Authority of Singapore and says it has regulatory footprints across Europe, Hong Kong, Australia and North America.
The company said the new capital will go toward building an enterprise portal, improving app features and expanding its merchant network. It did not disclose its valuation, revenue or how the proceeds will be allocated. Founder and CEO Alice Liu said the raise was aimed at changing how money moves across borders, not simply maintaining the business as it stands today. CoinDesk said SBI’s participation fits into its broader push across stablecoin banking and digital-asset infrastructure, including Coinhako, Ripple’s RLUSD distribution and Circle’s Arc network.
Stablecoin payments company dtcpay has formally completed a $25 million Series A round, bringing in Japan’s SBI Group as a strategic investor, according to CoinDesk.
The round was first anchored earlier this year by Vertex Ventures Southeast Asia & India. It later closed with SBI joining through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. Existing backers Genedant Capital and Kwee Liong Tek also maintained their positions.
Licensed stablecoin payments infrastructure
dtcpay offers digital-asset conversion and custody services, along with a Visa-linked card that allows holders to spend stablecoins much like ordinary cash. The company holds a Major Payment Institution license from the Monetary Authority of Singapore and says its operations span Europe, Hong Kong, Australia and North America.
How dtcpay plans to use the capital
The company said the $25 million raise will be used to build an enterprise portal, improve application features and expand its merchant network. It did not disclose its valuation, revenue or the exact allocation of the proceeds.
Alice Liu on the purpose of the raise
In a statement, dtcpay founder and CEO Alice Liu said: 「We did not raise this round to sustain what we have built. We raised it to fundamentally change how money moves across borders.」
SBI’s broader digital-asset push
CoinDesk said SBI’s participation points to a strategic effort to secure regulated channels linking Japanese capital with commercial networks in Southeast Asia. The report also placed the deal within SBI’s wider activity across stablecoin banking and digital-asset infrastructure, including its acquisition of Singapore’s Coinhako, an expanded multibillion-dollar stake in Ripple tied to RLUSD distribution, and its role as a founding validator for Circle’s Arc network.
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