CoinDesk
Stablecoin payments company dtcpay completed a $25 million Series A led initially by Vertex Ventures Southeast Asia & India, with Japan's SBI Group joining through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. Existing backers Genedant Capital and Kwee Liong Tek also maintained their positions.
Dtcpay provides digital-asset conversion and custody services, alongside a Visa-linked card that lets customers spend stablecoins. The Singapore-licensed company holds a Major Payment Institution license from the Monetary Authority of Singapore and operates across Europe, Hong Kong, Australia and North America.
Why it matters
SBI's investment gives the round a strategic dimension beyond the $25 million raised. It connects Japanese financial capital with a regulated payments platform serving commercial channels across Asia and other major markets. Dtcpay founder and CEO Alice Liu said the company raised the round to “fundamentally change how money moves across borders.”
Stablecoins are being positioned as a faster alternative to traditional correspondent banking, but adoption depends on regulated conversion, custody and merchant acceptance. Dtcpay's licensing and card infrastructure place those functions inside one payments network.
Market impact
Dtcpay plans to use the funding to develop an enterprise portal, improve its app and expand its merchant network. Those priorities point to a push from crypto payment access toward broader business use.
The company did not disclose its valuation, revenue or the precise allocation of the proceeds. SBI's investment also fits its wider digital-asset strategy, which includes exposure to Ripple, distribution plans for RLUSD and participation in Circle's Arc network. The next measurable test is whether dtcpay can turn the new capital into wider merchant coverage and enterprise adoption.
Frequently asked questions
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How much did dtcpay raise in its Series A round?
Dtcpay completed a $25 million Series A funding round. SBI Group joined the round as a strategic investor.
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Which investors participated in dtcpay's funding round?
Vertex Ventures Southeast Asia & India initially anchored the round. SBI joined through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund, while Genedant Capital and Kwee Liong Tek remained invested.
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What payment services does dtcpay provide?
Dtcpay provides digital-asset conversion and custody services, plus a Visa-linked card that lets customers spend stablecoins.
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Where does dtcpay operate?
The Singapore-licensed company operates across Europe, Hong Kong, Australia and North America. It also holds a Major Payment Institution license from Singapore's Monetary Authority.
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How will dtcpay use the new funding?
Dtcpay plans to develop an enterprise portal, improve its app and expand its merchant network. The company did not disclose its valuation, revenue or detailed allocation of the proceeds.
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