Stablecoin payments company dtcpay completed a $25 million Series A funding round with a strategic investment from Japan's SBI Group.
SBI participated through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. Vertex Ventures Southeast Asia & India had initially anchored the round earlier this year. Existing backers Genedant Capital and Kwee Liong Tek also maintained their positions. The company did not disclose its valuation, revenue, or the allocation of proceeds.
Based in Singapore, dtcpay holds a Major Payment Institution license from the Monetary Authority of Singapore. It provides digital-asset conversion, custody services and Visa-linked card products, with operations across Europe, Hong Kong, Australia and North America.
Alice Liu, founder and CEO of dtcpay, said the firm raised the capital to "fundamentally change how money moves across borders," rather than sustain existing operations.
The deal underscores SBI's broader strategy to expand its footprint in digital-asset infrastructure. The group has systematically deployed capital across stablecoin banking and related services in recent months, including the acquisition of Singapore-based exchange Coinhako, an expanded multibillion-dollar stake in Ripple to distribute the RLUSD stablecoin, and a role as founding validator for Circle's Arc network.
Dtcpay plans to deploy the $25 million toward developing an enterprise portal, enhancing application features and expanding its merchant network.
Stablecoin payment rails offer a faster alternative to traditional correspondent banking, provided intermediaries satisfy rigorous regulatory requirements—an environment where SBI appears keen to establish positioned presence.
