Stablecoin Funding Round
Singapore Stablecoin Payments Firm dtcpay Secures $25M Series A Funding From SBI
Anonymous
Key Points
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dtcpay’s platform is powered by a proprietary real-time swap engine designed to enable instant exchange and settlement between stablecoins and fiat, reducing the delays and intermediary fees associated with traditional cross-border infrastructure.
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The company says it has integrated with WalletConnect to support stablecoin acceptance across more than 700 wallets and launched an early stablecoin-to-fiat Visa Infinite card usable across Visa’s network of more than 150 million merchant locations.
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dtcpay has pursued real-world merchant adoption through partnerships including BNB Chain, Metro—the first department store in Singapore to accept stablecoin payments—and Capella Singapore.
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The Series A followed a $16.5 million pre-Series A round announced in June 2023; dtcpay was founded in 2019 by Alice Liu and Band Zhao.
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Beyond its Singapore Major Payment Institution license, dtcpay has established regulatory footprints in Europe, Hong Kong, Australia and North America, according to the company.
Singapore-based stablecoin payments firm dtcpay has closed a $25 million Series A funding round, with Japan's SBI Group joining as a strategic investor Cointelegraph. Vertex Ventures Southeast Asia & India led the round, while Genedant Capital and existing backer Kwee Liong Tek also participated Bitcoin.com. The funding will help dtcpay expand its payment products, merchant network, and international operations as it works to make cross-border payments faster and cheaper than traditional banks.
How dtcpay's Real-Time Swap Engine Works
The platform is powered by a proprietary real-time swap engine that enables instant exchange and settlement between stablecoins and fiat currencies Grafa. This technology cuts out the delays and middleman fees that plague traditional cross-border banking. dtcpay also integrated with WalletConnect to support stablecoin payments across more than 700 wallets, making it easier for consumers to spend digital dollars anywhere.
Visa Card and Merchant Payment Expansion
dtcpay launched an early stablecoin-to-fiat Visa Infinite card usable at more than 150 million merchant locations worldwide CoinCodex. The company is now chasing real-world adoption through key partnerships. Metro, Singapore's first major department store to accept stablecoin payments, and luxury resort Capella Singapore are already on board Bitcoin.com. The new funding will accelerate merchant network growth and revamp enterprise tools.
Building Regulatory Footprints Across Multiple Regions
Beyond its Singapore Major Payment Institution license, dtcpay has established regulatory presence in Europe, Hong Kong, Australia, and North America KuCoin. This multi-region approach positions the company to serve global businesses and consumers. The Series A follows a $16.5 million pre-Series A round in June 2023. dtcpay was founded in 2019 by Alice Liu and Band Zhao.
SBI's Strategic Play in Stablecoin Infrastructure
SBI Group's investment signals Japan's major financial conglomerate sees stablecoin rails as the future of payments Bitcoin.com. The Japanese bank operates through both SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. This backing gives dtcpay credibility as it scales across Asia and beyond, bridging traditional finance and blockchain-based payments in a way that legacy banks cannot.
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