Singapore stablecoin payments firm dtcpay closes $25M Series A with SBI Group

Singapore-based stablecoin payments company dtcpay has closed a $25 million Series A funding round, anchored by a strategic investment from Japan’s SBI Group, according to a company announcement.

SBI Group participated through its subsidiary SBI Ventures Asset Pte Ltd and through the SBI-NTU-Kyobo Digital Innovation Fund, both Singapore-based investment vehicles. Neither dtcpay nor SBI disclosed the size of SBI’s contribution or the company’s valuation.

The round began with a $10 million tranche led by Vertex Ventures Southeast Asia & India. Genedant Capital and existing investor Kwee Liong Tek also participated, the company said.

dtcpay previously raised $16.5 million in pre-Series A funding in 2023.

**Infrastructure for stablecoin-fiat payments**

Founded by Alice Liu and Band Zhao, dtcpay provides payment infrastructure that enables businesses and individuals to accept, store and transact in stablecoins alongside traditional currencies. Its services include a real-time swap engine for stablecoin and fiat settlement, point-of-sale acceptance for digital payment tokens, and integration with WalletConnect, which extends stablecoin acceptance to over 700 wallets.

The company has also partnered with Visa on a card that allows customers to spend across fiat currencies and stablecoins at more than 150 million merchant locations worldwide, according to dtcpay’s announcement.

Beyond product innovation, dtcpay has partnered with BNB Chain to accelerate stablecoin adoption and enabled Metro to become the first department store in Singapore to accept stablecoin payments, alongside hospitality partners such as Capella Singapore, the company said.

dtcpay holds a Major Payment Institution license from the Monetary Authority of Singapore and an Electronic Money Institution license in Luxembourg. The company has received 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 Alice Liu at the SFF FinTech Excellence Awards in 2025, per its announcement.

**Funding to expand product suite and merchant network**

dtcpay plans to use the fresh capital to scale its product offering and merchant network. Its 2026 roadmap includes a revamped business portal for enterprise customers and new consumer features within the dtcpay app.

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. Combined with the enduring trust of Mr. Kwee and the support of Genedant Capital, we have the capital, the network, and the momentum to move into every market that is ready for this change.”

Band Zhao, group chairman of dtcpay, said: “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. With the backing of our investors, we are accelerating our mission to build the financial infrastructure that enables businesses and consumers to move value globally, instantly, and compliantly.”

**Strategic investor base**

SBI Group, one of Japan’s largest financial services groups with operations in banking, securities, insurance, asset management and digital assets, said the investment supports its efforts to develop a digital asset corridor between Japan and Southeast Asia, as reported by Cointelegraph.

Vertex Ventures Southeast Asia & India, part of Vertex Holdings, a wholly owned subsidiary of Temasek Holdings, led the initial tranche of the round, bringing experience scaling technology companies in Southeast Asia, according to dtcpay’s announcement.

Genedant Capital, a Singapore-based MAS-licensed fund manager with over $2 billion in assets under management and advisory, contributed strategic access to family offices and institutional relationships across Asia, the company said. Kwee Liong Tek, a prominent Singaporean business leader and existing investor, increased his commitment.

The completion of the Series A brings together investors spanning traditional finance, fintech infrastructure and global market expansion, dtcpay said, adding that the funding will allow it to accelerate its mission to make stablecoin payments as seamless and trusted as traditional payment rails.