Stablecoin payments company dtcpay has completed a $25 million Series A round that includes a strategic investment from Japan’s SBI Group.
The Singapore-based payments firm said Vertex Ventures Southeast Asia & India initially anchored the financing earlier this year. SBI later joined through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. Existing investors Genedant Capital and Kwee Liong Tek also retained their stakes in the company.
dtcpay provides infrastructure for stablecoin-based payments, including cryptocurrency conversion and custody services. Its products also include a Visa-linked card that allows users to spend stablecoins in everyday transactions.
The company is licensed as a Major Payment Institution by the Monetary Authority of Singapore and has regulatory operations across Europe, Hong Kong, Australia and North America.
SBI’s participation adds to its efforts to build exposure to digital-asset and stablecoin infrastructure. The investment also strengthens potential financial links between Japan and Southeast Asian markets, where stablecoins can offer an alternative for cross-border transfers compared with traditional correspondent banking networks.
“We did not raise this round to sustain what we have built,” dtcpay founder and CEO Alice Liu said in a statement. “We raised it to fundamentally change how money moves across borders.”
SBI Builds Stablecoin Footprint
The dtcpay deal follows several other digital-asset investments by SBI. The Japanese financial group recently acquired Singapore-based crypto exchange Coinhako and has built a multibillion-dollar position in Ripple as part of efforts to distribute the RLUSD stablecoin.
SBI is also among the founding validators of Circle’s Arc blockchain network, adding another connection to the stablecoin infrastructure sector.
dtcpay plans to use the $25 million raised to develop an enterprise portal, introduce additional application features and broaden its merchant network.
The company did not provide details on its valuation, revenue or the exact allocation of the newly raised capital.
