Singapore's dtcpay raises $25M Series A with SBI Group backing cross-border stablecoin push
Singapore-based stablecoin payments firm dtcpay closed a $25 million Series A with Japan's SBI Group joining as a strategic investor, extending a round Vertex Ventures led in April.
dtcpay, a Singapore-based stablecoin payments company, has closed a $25 million Series A round with Japan's SBI Group joining as a strategic investor through its SBI Ventures Asset arm and the SBI-NTU-Kyobo Digital Innovation Fund. Vertex Ventures Southeast Asia & India led the round's initial tranche back in April; SBI's participation extends and closes it out.
What dtcpay actually does
The company runs stablecoin payment infrastructure for merchants and consumers — point-of-sale acceptance, storage, and a Visa partnership that converts stablecoins to fiat at the card level in Singapore. Founder Alice Liu has framed the raise around cross-border settlement specifically: using stablecoins to move money between countries faster and cheaper than correspondent banking allows, rather than positioning the company as a trading or custody play.
Why the SBI angle is the Asia story here
SBI Group is one of Japan's largest financial conglomerates, and a strategic, not just financial, investment from it is a signal read closely across the region — it suggests a major traditional institution sees stablecoin payment rails as infrastructure worth owning a piece of, not just a fintech trend to watch. dtcpay says the capital is earmarked for expansion into new regulated markets and deeper partnerships with banks.
Source: The Block