dtcpay raises USD $25 million with SBI as investor

dtcpay has completed a USD $25 million Series A funding round, bringing in SBI Group as a strategic investor.

The Singapore-based payments company said the round was initially led by Vertex Ventures Southeast Asia & India and now also includes investment from SBI through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. Genedant Capital and existing investor Kwee Liong Tek also participated.

The deal adds a major Japanese financial group to the shareholder register of a company focused on stablecoin payments and digital asset settlement. dtcpay is licensed as a Major Payment Institution in Singapore and holds an Electronic Money Institution licence in Luxembourg, giving it regulatory footing in parts of Asia and Europe.

Founded by Alice Liu and Band Zhao, dtcpay operates payment infrastructure that allows businesses and consumers to accept, hold, and transact in stablecoins. Its system handles settlement between stablecoins and fiat currencies, an area drawing increased attention from payment groups and financial institutions seeking lower-cost cross-border transfers.

Investor mix

Vertex Ventures Southeast Asia & India led the first tranche of the Series A round earlier this year. The latest close broadens the investor base with SBI, which operates across banking, securities, insurance, asset management, and digital assets, and with Genedant Capital, a Singapore fund manager with more than USD $2 billion in assets under management and advisory.

SBI's backing is notable because of the group's role in Japan's financial sector and its long-standing involvement in fintech and digital assets. For dtcpay, adding a regulated financial investor with operations across several financial segments may strengthen its position as it seeks to expand beyond its home market.

Stablecoin payment companies have been trying to move from niche crypto use cases into routine commercial transactions. dtcpay has already expanded into merchant acceptance, including point-of-sale systems for digital payment tokens, and linked its services to WalletConnect, extending access across hundreds of crypto wallets.

On the consumer side, dtcpay has also worked with Visa on a stablecoin-to-fiat card product. According to the company, the card can be used in multiple currencies at more than 150 million merchant locations worldwide.

Commercial push

dtcpay has also sought to demonstrate practical retail use cases for stablecoins. It cited partnerships including one with BNB Chain and another that enabled Metro in Singapore to accept stablecoin payments, along with selected hospitality partners such as Capella Singapore.

That commercial activity comes as regulators and investors increasingly distinguish between speculative crypto trading businesses and payment companies trying to operate within existing financial rules. dtcpay has emphasised licensing and compliance as central to its model, a point echoed by its new investors.

The funding is expected to support product development and expansion of the merchant network. dtcpay is also working on an updated business portal for clients and additional features for its consumer app.

Alice Liu, Founder and Chief Executive Officer of dtcpay, described the round as a move tied to international expansion rather than balance-sheet support.

"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," said Liu.

Band Zhao, Group Chairman of dtcpay, set out the company's next priorities.

"The next chapter for dtcpay is about scale. We are strengthening our infrastructure, deepening partnerships with global financial institutions, and expanding into new regulated markets to make stablecoin payments as seamless and trusted as traditional payment rails. With the backing of our investors, we are accelerating our mission to build the financial infrastructure that enables businesses and consumers to move value globally, instantly, and compliantly," said Zhao.

SBI framed the investment as both a financial commitment and the start of a broader relationship.

"dtcpay has made decisive progress in establishing itself as the region's leading regulated payment infrastructure that bridges traditional payments and stablecoins. Beyond execution, we were impressed by its licensing-led foundation, strong user experience, and comprehensive product offerings for financial institutions, corporates, and individuals. For SBI Group, which is steadily expanding its business footprint across Singapore and Southeast Asia, this investment marks the beginning of a strategic partnership with dtcpay. It also reflects our broader view to expand the global corridor for digital asset origination between Japan and Southeast Asia through trusted, regulated digital financial infrastructure," said Eiichiro So, Chief Executive Officer of SBI Ven Capital.

Genedant Capital also highlighted the company's regulatory positioning and commercial use case. "dtcpay is building the regulated infrastructure that will bring stablecoin payments into everyday commerce," said Quek How Jiang, Chief Executive Officer of Genedant Capital. "Beyond capital, we look forward to leveraging our network of strategic investors, industry leaders, and institutional relationships to support the company's commercial expansion and international growth."