Dtcpay’s Series A funding jumps to $25M as SBI Group joins

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Singapore-based stablecoin payments firm dtcpay has closed the books on a funding round that turned out to be considerably bigger than first announced. The dtcpay Series A funding round has now reached $25 million after Japan’s SBI Group stepped in as a strategic investor, according to a statement reported by The Block and crypto.news.

Key takeaways

dtcpay completed a $25 million Series A funding round.
Japan’s SBI Group invested through SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund.
dtcpay holds a Major Payment Institution license from the Monetary Authority of Singapore.
The company also has regulatory footprints in Europe, Hong Kong, Australia and North America.
Funds will go toward an enterprise portal, app improvements and merchant network expansion; dtcpay did not disclose its valuation, revenue or exact fund allocation.

dtcpay Secures $25 Million Series A Funding Led by SBI Group Entry

The completed round confirms what had been building since March, when Vertex Ventures Southeast Asia & India led the opening tranche of dtcpay’s Series A. SBI Group’s arrival as a strategic backer pushed the total to $25 million, according to the company’s statement, cited by both The Block and crypto.news.

Series A grows to $25 million

Vertex Ventures had originally earmarked the initial capital for product development, infrastructure work and expansion into newly licensed jurisdictions, crypto.news reported. The additional capital that pushed the round to $25 million flowed into the company between March and September, though public materials don’t break down exactly how that amount was split among the participating investors.

Who else is backing the round

SBI Group entered through two vehicles: SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund. Existing backers Genedant Capital and Kwee Liong Tek, described by The Block as a prominent Singapore business figure, also maintained their positions in the round. dtcpay did not disclose how much SBI itself put in, what stake the investment carries, or any updated valuation for the company.

Regulated Infrastructure Behind dtcpay’s Stablecoin Business

dtcpay’s pitch rests on regulatory credibility as much as on technology. The firm operates in Singapore under a Major Payment Institution license from the Monetary Authority of Singapore.

Singapore license underpins the business

That breadth matters because MAS applies stricter requirements to Major Payment Institutions than to standard payment institutions once a firm crosses certain transaction or stored-value thresholds. In practice, it signals that dtcpay’s operations in Singapore already run at meaningful scale rather than as a pilot program.

Footprint stretches across four continents

Beyond Singapore, dtcpay has built out regulatory footprints in Europe, Hong Kong, Australia and North America. On the product side, the company handles digital-asset conversion and custody, runs a point-of-sale service letting merchants accept stablecoins directly, and has partnered with Visa on a stablecoin-to-fiat card available to customers in Singapore.

What dtcpay Plans to Do With the Money

dtcpay says the fresh $25 million will fund a revamped enterprise portal for business clients, new features inside its consumer app, and a broader push into merchant partnerships. The company has not given specific launch dates for any of these features, nor has it detailed how the capital will be split across the three priorities.

SBI’s play for Japan-Southeast Asia corridors

SBI’s participation points toward something bigger than a routine cap-table addition. Bringing a major Japanese financial group into a Singapore-licensed stablecoin infrastructure firm suggests an effort to build fully regulated payment corridors linking Japanese capital with Southeast Asian commercial channels — a corridor where stablecoins can offer faster settlement than traditional correspondent banking, provided the intermediary meets strict compliance standards.

dtcpay founder and CEO Alice Liu framed the raise in similarly ambitious terms. “We did not raise this round to sustain what we have built,” she said in the statement. “We raised it to fundamentally change how money moves across borders.” Chairman Band Zhao added that “the next chapter for dtcpay is about scale,” pointing to infrastructure investment, partnerships with global financial institutions, and expansion into new regulated markets as priorities going forward.

Founded in 2019, dtcpay previously raised $16.5 million in a pre-Series A round back in June 2023, according to The Block. That history, combined with the newly closed $25 million Series A funding round, points to a company betting that regulatory compliance — rather than pure speed — will be what separates durable stablecoin payment infrastructure from the crowd. Whether SBI’s backing translates into actual cross-border volume between Japan and Southeast Asia, or simply widens dtcpay’s investor base, is something the next stage of its expansion will need to answer.