Singapore-based stablecoin payments company dtcpay has completed a $25 million Series A funding round, with Japan’s SBI Group entering as a strategic investor. The round, initially led by Vertex Ventures Southeast Asia & India, now includes participation from Genedant Capital and existing investor Kwee Liong Tek.

SBI Group invested through its subsidiary SBI Ventures Asset Pte. Ltd. and the SBI-NTU-Kyobo Digital Innovation Fund, both Singapore-based vehicles. The company and investors did not disclose the size of SBI’s contribution, any ownership stake, or a post-money valuation.

Funding Structure and Investors

Vertex Ventures Southeast Asia & India, part of Temasek Holdings’ Vertex Holdings, led the first $10 million tranche of the Series A earlier in 2026. That capital was earmarked for product development, infrastructure, and expansion into newly licensed markets. The latest closing brings the full Series A total to $25 million.

Genedant Capital, a Monetary Authority of Singapore-licensed fund manager with more than $2 billion in assets under management and advisory, and Kwee Liong Tek, a Singapore business leader associated with Capella Hotel Group, also took part in the completed round. dtcpay previously raised $16.5 million in a pre-Series A financing in June 2023.

Liu added that SBI Group’s long track record across banking, securities, blockchain and digital assets provided validation for regulated stablecoin payments infrastructure. Band Zhao, group chairman of dtcpay, said the next phase centers on scale through stronger infrastructure, deeper partnerships with financial institutions, and entry into additional regulated markets.

Company Operations and Regulatory Position

Founded by Alice Liu and Band Zhao, dtcpay builds infrastructure that lets businesses and individuals accept, hold, convert and transfer stablecoins alongside fiat currencies. Its real-time swap engine aims to settle stablecoin-to-fiat transactions more quickly and at lower cost than traditional correspondent banking routes. Supported assets include USDT and USDC, with fiat currencies covering USD, SGD, GBP, EUR and HKD. Transfers can reach more than 100 countries and are generally completed within the same day.

The company operates a Digital Treasures Visa Infinite card that converts supported stablecoin balances for spending on Visa’s network. It has also deployed point-of-sale acceptance for stablecoins and integrated with WalletConnect, enabling payments from more than 700 compatible wallets. Retail deployments include Singapore department store operator Metro accepting USDT and USDC at selected locations.

dtcpay holds a Major Payment Institution license from the Monetary Authority of Singapore, authorizing account issuance, domestic and cross-border money transfers, merchant acquisition, e-money issuance and digital payment token services. Its Luxembourg subsidiary holds an Electronic Money Institution license that supports services across the European Economic Area. The firm also maintains licenses or registrations in Hong Kong, Australia, the United States and Canada.

Use of Proceeds and Strategic Context

Proceeds from the $25 million round will support an updated business portal for enterprise clients, new features inside the consumer app, expansion of the merchant network, and growth in regulated international markets through the rest of 2026.

SBI Group has been active in digital-asset initiatives, including partnerships on stablecoin remittances and agreements covering tokenized assets and payments in Japan and Asia. The dtcpay investment forms part of that wider effort to connect Japanese and Southeast Asian digital finance channels. No joint product timeline or Japan-specific offering was announced alongside the funding.

Quek How Jiang, CEO of Genedant Capital, described dtcpay as building regulated infrastructure that can bring stablecoin payments into everyday commerce and said the firm would support commercial and international expansion through its network.

No revenue figures, payment volumes, merchant counts or future funding plans were disclosed in connection with the Series A completion.