Stablecoin payments firm dtcpay closes $25M Series A anchored by Japan's SBI Group

Singapore-based stablecoin payments company dtcpay has closed a $25 million Series A funding round, anchored by a strategic investment from Japanese financial conglomerate SBI Group, the companies announced Friday.

SBI invested through two Singapore-based vehicles: its subsidiary SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund, according to a statement from SBI Holdings. Neither dtcpay nor SBI disclosed the size of SBI's contribution or the company's valuation.

The round had initially raised $10 million in March 2026, led by Vertex Ventures Southeast Asia & India, a portfolio company of Temasek Holdings' Vertex Holdings. Existing investor Kwee Liong Tek, a prominent Singaporean business leader, along with Genedant Capital, a Singapore-based fund manager with over $2 billion in assets under management and advisory, also participated. dtcpay had previously raised $16.5 million in pre-Series A funding in June 2023, according to Cointelegraph.

The investment reflects a broader institutional shift toward regulated stablecoin infrastructure as a complement to traditional payment rails. dtcpay provides a real-time swap engine for stablecoin-to-fiat conversion, point-of-sale acceptance for digital payment tokens, and a Visa card that enables multi-currency spending at more than 150 million merchant locations globally, according to a press release. Its services allow businesses and consumers to accept, store, and transact in stablecoins and fiat currencies through a single platform.

**Expansion plans and regulatory groundwork**

The company plans to deploy the new capital to scale its product offering and merchant network. The 2026 roadmap includes an updated business portal for enterprise customers and a series of new consumer features within the dtcpay app, according to the company.

dtcpay holds a Major Payment Institution license from the Monetary Authority of Singapore (MAS) and an Electronic Money Institution license in Luxembourg — a regulatory foundation that the company says enables it to operate across Singapore, Europe, and other strategically important markets. The press release noted that this "regulatory-first approach" underpins the reliability of dtcpay's infrastructure for institutional clients.

The company has also been an early mover in bringing stablecoins to real-world commerce. According to the press release, it partnered with the BNB Chain to accelerate practical stablecoin adoption, and enabled Metro to become the first department store in Singapore to accept stablecoin payments, alongside select hospitality partners such as Capella Singapore. dtcpay was also an early player in Asia to integrate with WalletConnect, extending stablecoin acceptance across more than 700 wallets used by millions of consumers globally.

**Institutional backing and strategic rationale**

SBI Group brings decades of experience across banking, securities, insurance, asset management, and digital assets, and has been among the most active institutional investors in fintech and digital asset infrastructure globally. SBI said the investment supports its efforts to develop a digital asset corridor between Japan and Southeast Asia, as reported by Cointelegraph.

Alice Liu, founder and CEO of dtcpay, said in a statement: "SBI Group has spent decades shaping financial infrastructure across Japan and beyond, from banking and securities to blockchain and digital assets, and their conviction in dtcpay is validation that compliant, real-world stablecoin payments are not a distant vision but an infrastructure being built right now."

Band Zhao, group chairman of dtcpay, added: "The next chapter for dtcpay is about scale. We are strengthening our infrastructure, deepening partnerships with global financial institutions, and expanding into new regulated markets to make stablecoin payments as seamless and trusted as traditional payment rails."

The investor group also includes Genedant Capital, which brings a network of family offices and institutional relationships across Asia, and Kwee Liong Tek, an existing investor who continues to increase his commitment to the company, according to the press release.

dtcpay's execution has drawn industry recognition, including Disruptor of the Year and Fintech of the Year at the 2025 Asia Fintech Awards, and Fintech Mentor of the Year for founder Alice Liu at the SFF FinTech Excellence Awards 2025, the press release said.

The stablecoin payments sector has seen a surge of institutional interest as companies seek to bridge digital assets with traditional finance. dtcpay's fully licensed status in both Singapore and Luxembourg positions it to serve merchants and financial institutions across multiple regulated markets, including Europe, as the global push for compliant stablecoin infrastructure accelerates.