dtcpay Extends Series A to $25M With SBI Group Investment
What happened: Singapore-based stablecoin payments firm dtcpay closed an extension of its Series A round at $25 million, adding SBI Group as a strategic investor.
What happened: Singapore-based stablecoin payments firm dtcpay closed an extension of its Series A round at $25 million, adding SBI Group as a strategic investor. The round, originally led by Vertex Ventures Southeast Asia & India, also included Genedant Capital and Kwee Liong Tek. Proceeds will help scale dtcpay's product suite and merchant network, including a revamped enterprise portal and expansion of its MAS-licensed stablecoin payment infrastructure.
Why it matters: The investment signals continued institutional interest in regulated stablecoin payment rails, especially those with a strong compliance footprint in Asia and beyond. dtcpay's ability to attract a major Japanese financial group like SBI reflects growing confidence in the sector's enterprise prospects, even as global regulatory scrutiny intensifies. The round is technically an extension, not a new raise, but brings total Series A funding to $25 million.
Source: The Block