dtcpay Secures $25M Series A to Scale Global Stablecoin Payment Infrastructure

Singapore-based dtcpay has successfully closed a US$25 million Series A funding round, anchored by Japan’s financial giant SBI Group, to scale its regulated stablecoin payment infrastructure. For fintech professionals, this capital injection signals a significant institutional shift toward bridging digital assets with traditional finance through licensed "modern payment rails" that bypass the friction of legacy correspondent banking.

What was announced

The US$25 million Series A funding round was led by Vertex Ventures Southeast Asia & India in April 2026 and has now been further anchored by SBI Group. The Japanese conglomerate invested through its subsidiary, SBI Ventures Asset Pte Ltd, and the SBI-NTU-Kyobo Digital Innovation Fund. Other participants included Genedant Capital and existing investor Kwee Liong Tek. The capital is designated to support the scaling of dtcpay’s product suite and merchant network as it extends its presence in the stablecoin payments sector.

dtcpay operates as a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) and is one of the few digital payment firms to hold an Electronic Money Institution (EMI) license in Luxembourg. This regulatory foundation allows the company to offer a real-time swap engine that facilitates seamless settlement between stablecoins and fiat currencies. By utilizing blockchain-based infrastructure, the platform aims to eliminate the multi-day settlement cycles and intermediary fees associated with traditional SWIFT and correspondent banking networks.

The company’s current product ecosystem includes a Digital Payment Token (DPT) point-of-sale solution for in-store merchant acceptance and an integration with WalletConnect, providing access to over 700 digital wallets. On the consumer side, a partnership with Visa has produced a stablecoin-to-fiat Visa Infinite card, which is currently accepted at over 150 million merchant locations worldwide. dtcpay has also integrated stablecoin payments into real-world commerce through partnerships with BNB Chain and the Singaporean department store Metro.

"We did not raise this round to sustain what we have built. We raised it to fundamentally change how money moves across borders. SBI Group has spent decades shaping financial infrastructure across Japan and beyond, from banking and securities to blockchain and digital assets, and their conviction in dtcpay is validation that compliant, real-world stablecoin payments are not a distant vision but an infrastructure being built right now. Combined with the enduring trust of Mr. Kwee and the support of Genedant Capital, we have the capital, the network, and the momentum to move into every market that is ready for this change. And we are just getting started."

Alice Liu, Founder and CEO of dtcpay.

The companies involved

Headquartered in Singapore, dtcpay was founded by Alice Liu and Band Zhao to provide the infrastructure necessary for businesses and individuals to accept, store, and transact in stablecoins. The company has secured several industry accolades, including Disruptor of the Year and Fintech of the Year at the 2025 Asia Fintech Awards. Band Zhao currently serves as the CEO of Dtcpay Luxembourg, overseeing the firm’s European regulatory footprint.

SBI Group is one of Japan's largest financial services conglomerates, with a diverse portfolio spanning banking, securities, insurance, and asset management. It has established itself as a prolific institutional investor in digital asset infrastructure globally. Vertex Ventures Southeast Asia & India is part of Vertex Holdings, a wholly owned subsidiary of Temasek Holdings, Singapore’s state investment firm. Genedant Capital is a Singapore-based fund management firm licensed by MAS, with over USD 2 billion in assets under management and advisory. The involvement of Visa, a global leader in digital payments, and BNB Chain, a prominent blockchain ecosystem, further anchors dtcpay’s position at the intersection of traditional and decentralized finance.

What FF News has reported before

FF News has consistently tracked the convergence of stablecoins and global payment networks. We recently covered how BDACS and Rain Partner to Enable Global Visa Payments via KRW1 Stablecoin, a move that mirrors dtcpay’s efforts to bring digital assets to the Visa network. Visa’s broader strategy to modernize payments has been a recurring theme, including their work in the European mobility sector as reported in The ai Corporation and Visa Partner to Revolutionize European Fleet and EV Payments. Additionally, we have followed Visa’s regional expansion in the Middle East through their Regional Partnership with LALIGA to Drive Fan Engagement Across MENA. These reports highlight a period of rapid integration between legacy payment giants and emerging digital asset providers.

What this means

The successful funding of dtcpay by heavyweights like SBI Group and Vertex Ventures marks a maturing of the stablecoin sector from speculative trading toward utility-driven commerce. By prioritizing a "regulatory-first" approach with licenses in Singapore and Luxembourg, dtcpay is challenging the traditional correspondent banking model that has long dominated cross-border payments. This announcement puts pressure on legacy financial institutions to accelerate their own digital asset strategies or risk losing high-margin settlement business to blockchain-based alternatives. As institutional confidence grows, the industry is moving toward a reality where stablecoins are treated not as a separate asset class, but as a standard, more efficient rail for global value transfer.