dtcpay Raises $25 Million from SBI Group to Expand Stablecoin Payments

dtcpay Completes $25 Million Funding Round

Stablecoin payments firm dtcpay has finished its Series A funding round, raising a total of $25 million. This round included a strategic investment from Japan’s financial services giant, SBI Group. The Singapore-based company plans to use the new capital to expand its services and reach more merchants.

The investment round was initially led by Vertex Ventures Southeast Asia & India. Other participants included SBI Ventures Asset, the SBI-NTU-Kyobo Digital Innovation Fund, Genedant Capital, and Kwee Liong Tek.

Important Details of the Investment

• Raised $25 million in total for the Series A round.
• Strategic investment provided by Japan’s SBI Group.
• Existing backers Genedant Capital and Kwee Liong Tek maintained their positions.
• Funds will be used for technology development and network expansion.

CEO Highlights Cross-Border Payment Goals

Alice Liu, the founder and CEO of dtcpay, stated that the funding was raised to fundamentally change the way money moves across borders. The company aims to move beyond just maintaining its current builds by focusing on infrastructure that simplifies international transactions.

SBI Group’s Growing Crypto Footprint

SBI Group has been actively investing in digital asset infrastructure. The group recently acquired Coinhako, a Singapore-based exchange, and has a stake in Ripple to help distribute its RLUSD stablecoin. SBI also serves as a founding validator for Circle’s Arc network, showing a broader strategy to connect Japanese capital with Southeast Asian markets.

Regulatory Status and Services

dtcpay provides services for digital asset conversion, custody, and a Visa-linked card. This card allows users to spend stablecoins—which are digital tokens designed to maintain a steady value—similarly to traditional cash. The firm holds a Major Payment Institution license from the Monetary Authority of Singapore, which is a permit to offer regulated payment services. It also has a regulatory presence in Europe, Hong Kong, Australia, and North America.

Financial Details Withheld

While the total funding amount was shared, the company did not reveal its current valuation or revenue. It also did not provide a specific breakdown of exactly how the $25 million will be distributed across its various planned projects.

Connecting Global Capital through Stablecoins

The partnership between dtcpay and SBI Group suggests a push to create regulated pipelines for moving money. Stablecoins can offer a faster alternative to traditional banking systems, which often rely on slow processes between different banks. By meeting strict regulatory standards, these digital assets can speed up commercial transactions.

Future Development Plans

dtcpay announced it will use the $25 million injection to build an enterprise portal, which is a platform for business clients. It also plans to add more features to its mobile application and grow its network of merchants who accept digital payments.

Sources

• CoinDesk

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