Singapore-based payment infrastructure provider dtcpay has finalized its $25 million Series A funding round with the addition of Japanese financial conglomerate SBI Group as a strategic investor. The round was initially led by Vertex Ventures Southeast Asia & India in April and also included participation from Genedant Capital and existing investor Kwee Liong Tek. This capital injection supports dtcpay’s objective to integrate stablecoins into mainstream financial services, enabling seamless cross-border money movement.
dtcpay currently operates a Visa card that allows spending across both fiat currencies and stablecoins at more than 150 million merchant locations globally. The company holds licenses from the Monetary Authority of Singapore and an Electronic Money Institution license in Luxembourg, authorizing regulated payment services across the European Economic Area. It also maintains registrations in Hong Kong, Australia, the United States, and Canada. Founder and CEO Alice Liu stated that the funding is intended to fundamentally change how money moves across borders rather than merely sustaining existing operations.
The entry of SBI Group into dtcpay’s cap table signals a deepening convergence between traditional Asian financial institutions and crypto-native payment infrastructure. As a conglomerate operating across banking, securities, insurance, and digital assets, SBI’s investment provides dtcpay with institutional credibility and potential distribution channels within Japan’s regulated financial ecosystem. This move underscores a broader industry shift where major incumbents are no longer just observing but actively backing firms that bridge the gap between legacy fiat rails and stablecoin settlement layers.
From a regulatory and operational standpoint, dtcpay’s multi-jurisdictional licensing framework positions it as a compliant gateway for institutional adoption of stablecoin payments. By securing backing from entities like Vertex Ventures (linked to Temasek Holdings) and licensed fund managers such as Genedant Capital, dtcpay reinforces its compliance posture while expanding its technical capabilities. The focus on stablecoin-only transactions, following earlier support for volatile cryptocurrencies, aligns with current regulatory preferences for price-stable instruments in cross-border settlements, potentially reducing friction for merchants and consumers alike.
