SBI Group backs payments firm dtcpay in $25 million funding round
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Stablecoin payments firm dtcpay announced today the formal completion of its $25 million Series A funding round, securing a strategic investment from Japan’s financial giant, the SBI Group.
The capital raise, initially anchored earlier this year by Vertex Ventures Southeast Asia & India, concluded with SBI entering the fold through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. Existing backers Genedant Capital and Kwee Liong Tek also maintained their positions.
Dtcpay provides essential crypto infrastructure. It handles asset conversion and custody, and offers a Visa-linked card that lets holders spend stablecoins just like ordinary cash. The firm holds a Major Payment Institution license from the Monetary Authority of Singapore, alongside regulatory footprints in Europe, Hong Kong, Australia, and North America.
SBI’s involvement in the funding round indicates a strategic move to secure fully regulated pipelines connecting Japanese capital with Southeast Asian commercial channels. Stablecoins provide a high-speed alternative to slow traditional correspondent banking, provided the intermediary meets rigorous regulatory standards.
"We did not raise this round to sustain what we have built," Alice Liu, founder and CEO of dtcpay, said in the statement. "We raised it to fundamentally change how money moves across borders."
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