dtcpay Expands Series A to $25M With SBI Group Investment
dtcpay, a Singapore-headquartered Major Payment Institution, has finished its US$25 million Series A funding round. This is after Japan’s SBI Group joins the firm as a strategic stakeholder. The round was initially led by Vertex Ventures Southeast Asia & India in April 2026.
It has now been anchored by SBI Group through SBI Venture Asset Pte. Ltd. and the SBI-NTU-Kyobo Digital Innovation Fund. Genedant Capital and current investor Kwee Liong Tek were also a part. The investment indicates institutional backing for dtcpay’s effort to make stablecoin payments more feasible while building governed infrastructure that connects virtual assets with conventional finance.
dtcpay Extends Stablecoin Payments Infrastructure
According to the press release, dtcpay (founded by Alice Liu and Band Zhao) provides infrastructure that allows firms and individuals to acquire, store and transfer in stablecoins. Its real-world swap engine supports settlements between stablecoins and fiat currencies , with the company placing the service as another option to the delays and intermediary costs associated with conventional cross-border transfers through SWIFT and simultaneous banking networks.
The firm has made multiple moves in the stablecoin payments market. It released a Digital Payment Token point-of-sale solution that allows merchants to accept stablecoin payment directly in stores. It was an early Asian company to embed WalletConnect, extending stablecoin acceptance across more than 700 wallets used by millions of customers internationally.
dtcpay also forged an alliance with Visa to launch a stablecoin-to-fiat Visa Infinite card for customers in the region. The dtcpay Visa card supports multi-currency expenditure across fiat and stablecoins at more than 150 million merchant locations across the globe.
The company has also focused on real-world commerce. Its alliance with BNB Chain supports stablecoin adoption, while Metro became the first department store in Singapore to accept stablecoin payments. It also contains certain hospitality partners such as Capella Singapore.
Regulation remains one of the focal points of the firm’s infrastructure. dtcpay is registered as a Major Payment Institution by the Monetary Authority of Singapore. It also holds an Electronic Money Institution license in Luxembourg. Moreover, it also holds licenses and registrations in Hong Kong, Australia, the United States and Canada.
The organization said its governed foundation helps it to provide payment services across Singapore, Europe and other strategic markets while supporting institutional clients through licensed financial infrastructure. dtcpay’s growth has also received industry appreciation, including Disruptor of the Year and Fintech of the Year at the 2025 Asia Fintech Awards. Alice Liu was also recognized as Fintech Mentor of the Year at the 2025 SFF Fintech Excellence Awards.
SBI Group Investment Supports Worldwide Expansion
The completed Series A brings together stakeholders with experience across conventional finance, fintech infrastructure and global expansion. Vertex Ventures Southeast Asia & India, a segment of Vertex Holdings and a wholly owned subsidiary of Temasek Holdings led the initial tranche of the funding round. The stakeholder brings experience in scaling technology companies and Southeast Asian markets.
SBI Group adds financial services and fintech expertise to dtcpay’s stakeholder base. The Japanese firm operates across banking, securities, insurance, asset management and virtual assets. Its Singapore subsidiary, SBI Ven Capital manages the SBI-NTU-Kyobo Digital Innovation Fund, which was established in 2022. It was to invest in early-stage digital transformation and digital platform companies across Southeast Asia.
Genedant Capital, a Singapore-based fund management organization licensed by the Monetary Authority of Singapore, also participated. The company has more than $2 billion U.S. dollars in assets under management and advisory and brings relationships across family offices, private wealth stakeholders and institutions in Asia.
“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 ambition but an infrastructure being built right now.”, said Alice Liu, founder and CEO of DTCPay.
Band Zhao, group chairman of dtcpay, said that the organization’s next phase will emphasize on strengthening its infrastructure, expanding alliances with international financial institutions and entering extra-regulated markets.
SBI Ven Capital CEO Eiichiro So said the investment marks the start of a strategic partnership between SBI Group and dtcpay.
He emphasized dtcpay’s licensing-led approach, user experience and product offerings to financial institutions, corporates and individuals. For SBI Group, the investment also supports its broader efforts to expand digital infrastructure between Japan and Southeast Asia.
Quek How Jiang, CEO of Gendedant Capital, said dtcpay is creating regulated infrastructure aimed at bringing stablecoin payments into daily commerce. Genedant said it will also use its network of strategic investors, industry opinion makers and institutional relationships to support dtcpay’s commercial and global expansion.
The completed US$25 million Series A gives dtcpay extra capital and strategic backing as it continues developing regulated stablecoin payment infrastructure across its licensed markets.
