Singapore-based stablecoin payment firm Dtcpay has closed a $25 million Series A funding round. The fresh capital injection comes via a strategic investment from Japanese financial conglomerate SBI Group.
SBI deployed the capital through two of its Singapore-based investment vehicles: SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. The specific amount contributed by SBI and Dtcpay’s valuation were not publicly disclosed. Early investors such as Vertex Ventures Southeast Asia & India also participated in the round, while Genedant Capital and Kwee Liong Tek maintained their existing stakes.
Turning Stablecoins into Spending Money
Dtcpay specializes in instant stablecoin-to-fiat conversions. The firm deploys payment terminals at retail checkouts and issues Visa-network cards. This setup enables digital asset holders to spend stablecoin balances directly at physical stores, just like swiping a standard debit card.
The $25 million in newly raised funds will be used directly to expand the merchant network accepting Dtcpay payments. The company is also preparing to launch a new business portal alongside additional features for retail consumers.
“We did not raise this round to maintain what has already been built - we raised it to fundamentally change how money moves across borders,” said Dtcpay CEO Alice Liu.
SBI’s Next Steps in Southeast Asia
For SBI Group, the investment in Dtcpay represents a continuation of its strategy to establish official monetary corridors channeling Japanese capital into Southeast Asian commercial markets.
The financial group’s previous moves include the acquisition of Singapore-based crypto exchange Coinhako and expanding multi-billion-dollar shareholdings in Ripple to secure the distribution of the RLUSD stablecoin. They have even registered as a pioneer validator on Circle’s Arc network.
Cross-Continental Crypto Infrastructure
Dtcpay brings the regulatory compliance profile sought by institutional investors like SBI. The payment provider holds a Major Payment Institution license from the Monetary Authority of Singapore (MAS). In Europe, it holds an Electronic Money Institution license in Luxembourg.
Dtcpay’s regulatory reach continues to expand across European jurisdictions, Hong Kong, Australia, and North America. The combination of Japanese backing and Singapore-origin global licensing is reshaping the crypto landscape: moving beyond speculative exchange trading to building cross-border pipelines for legitimate payment rails.
Reported by Cointelegraph.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
