With its dtcpay 25M Series A now closed, Singapore-based stablecoin payments firm dtcpay has closed a $25 million Series A, the company confirmed on Friday, September 18, 2026, formally completing a round that began in April with a tranche led by Vertex Ventures Southeast Asia & India. The closing brings together strategic capital from Japan’s SBI Group, venture backing from Genedant Capital, and continued support from existing investor Kwee Liong Tek, the prominent Singapore business figure. Founded in 2019, dtcpay has positioned itself as an infrastructure layer bridging digital assets and traditional finance for merchants and consumers across Asia.
dtcpay 25M Series A draws SBI Group as strategic anchor
The strategic dimension of the round is defined by the entry of Japan’s SBI Group, which participated through both SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund. The Japanese investor’s involvement reflects a wider push by SBI into regulated digital-asset infrastructure in Asia and gives dtcpay a credible cross-border partner as it deepens Japan-Singapore payments corridors. The initial portion of the round, announced in April, was led by Vertex Ventures Southeast Asia & India, with Genedant Capital also participating alongside existing backer Kwee Liong Tek.
CEO Alice Liu framed the capital as a vehicle for market repositioning rather than continued operation. “We did not raise this round to sustain what we have built,” Liu said in a statement accompanying the close. “We raised it to fundamentally change how money moves across borders.” Chairman Band Zhao echoed the emphasis on operational scale, noting that “the next chapter for dtcpay is about scale,” pointing to enterprise onboarding and merchant network expansion as priorities for the coming year.
dtcpay 25M Series A targets SWIFT correspondent cost displacement
dtcpay’s core pitch to enterprise clients rests on a cost and time comparison with traditional cross-border rails. Stablecoin payments routed through the platform settle at a fraction of the cost charged by SWIFT correspondent banking networks, according to the company, while avoiding multi-day settlement cycles and the layered intermediary fees that accompany indirect correspondent chains. The firm has built its stack to enable businesses and individuals to accept, store, and transact in stablecoins, with compliance controls layered over the underlying blockchain settlement.
On the product side, dtcpay has moved beyond merchant APIs and into consumer-facing payments. In 2025, the company launched a digital payment token point-of-sale service that allows customers to complete in-store stablecoin payments at participating retailers. It has also partnered with Visa to issue a stablecoin-to-fiat Visa Infinite card in Singapore, allowing cardholders to fund spending from stablecoin balances settled automatically into fiat at the point of sale. The two products anchor the company’s expansion from back-end treasury tooling into checkout and card experiences.
dtcpay 25M Series A capital deployment and expansion plans
dtcpay said proceeds from the Series A will fund a revamped business portal for enterprise clients, a new slate of consumer features inside the dtcpay app, and continued scaling of its product suite and merchant network. Management also flagged strategic expansion into new regulated markets, without naming specific jurisdictions at the close. The round follows a $16.5 million pre-Series A the company raised in June 2023, and lifts total disclosed funding above $41.5 million. The dtcpay 25M Series A anchors a long-term infrastructure bet, and the dtcpay 25M Series A will be benchmarked against incumbents for the next eighteen months.
The close lands against a backdrop of intensifying competition in Asia’s regulated stablecoin payments segment, where banks, card networks, and fintechs are increasingly competing to offer compliant on-chain settlement to corporate treasuries and high-net-worth consumers. With SBI Group on the cap table and a Visa-anchored card product in market, dtcpay enters its next phase with the cross-border rails and institutional relationships typically required to compete for enterprise volume. Whether the firm can convert strategic alignment into sustained merchant growth across Japan, Singapore, and beyond will define the trajectory of its post-Series A chapter, and the broader test of whether stablecoin-native infrastructure can disintermediate legacy correspondent banking at scale, a question the dtcpay $25M Series A is now explicitly designed to answer.
The dtcpay 25M Series A also dovetails with a broader regulatory shift in Singapore, where the Monetary Authority of Singapore has been formalising stablecoin issuance and intermediation rules under its payment services framework since 2023. SBI Group’s entry as a strategic investor signals appetite from one of Japan’s largest financial conglomerates to anchor cross-border stablecoin corridors between Singapore and Japan, and to extend the rails into Southeast Asia more broadly. For merchants evaluating stablecoin acceptance, the dtcpay 25M Series A provides operating capital to expand in-store point-of-sale coverage and to harden the backend integration with Visa and other card networks, both of which were referenced in founder Alice Liu’s framing of the dtcpay 25M Series A as a step toward mainstreaming digital-asset settlement.
Source: TheBlock