Singapore-based stablecoin payments company dtcpay has completed its Series A financing at US$25 million after bringing Japan’s SBI Group in as a strategic investor. The round was first led earlier in 2026 by Vertex Ventures Southeast Asia & India.
SBI Group is participating through SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund.
Genedant Capital and longtime backer Kwee Liong Tek, a key Singapore business figure, also joined the completed raise.
dtcpay, co-founded by Alice Liu and Band Zhao, builds regulated infrastructure that lets companies and consumers receive, hold, convert, and spend stablecoins alongside fiat.
Its platform is designed to settle value quickly and at lower cost than conventional correspondent banking, which often involves multi-day delays and stacked fees.
The firm holds a Major Payment Institution license from the Monetary Authority of Singapore and an Electronic Money Institution license in Luxembourg, with additional authorizations in Hong Kong, Australia, the United States, and Canada.
That licensing stack is central to its pitch: institutions can use digital-asset rails without leaving a regulated framework.
The company has pushed stablecoins into everyday commerce.
It launched point-of-sale acceptance so merchants can take digital tokens in store, connected to WalletConnect to reach hundreds of consumer wallets, and partnered with Visa on a card that lets customers spend stablecoins as fiat at more than 150 million merchant locations.
Real-world pilots have included Metro becoming an early Singapore department store to accept stablecoin payments, as well as hospitality partners such as Capella Singapore.
Those commercial steps, combined with awards for execution in Asian fintech, helped attract this later tranche of capital.
Management said the new money is not meant merely to keep existing operations running.
It will fund product expansion and a larger merchant network through the rest of 2026, including an upgraded enterprise portal and additional consumer features inside the dtcpay app.
The company also plans to reinforce core infrastructure, deepen ties with banks and other financial institutions, and enter more regulated markets.
Liu framed the raise as an effort to change how value crosses borders, not to preserve the status quo.
Band Zhao, group chairman, described the next phase as one of scale: making stablecoin payments as ordinary and trusted as traditional rails.
SBI Group’s involvement is being presented as more than a cheque.
The Japanese financial conglomerate spans banking, securities, insurance, asset management, and digital assets, and has been an active institutional investor in fintech infrastructure.
Eiichiro So, CEO of SBI Ven Capital, said dtcpay’s licensing-first model, product breadth, and user experience stood out, and that the investment begins a partnership to strengthen a regulated digital asset corridor between Japan and Southeast Asia.
Vertex adds Temasek-linked experience scaling technology firms in the region.
Genedant Capital, a MAS-licensed Singapore manager with more than US$2 billion under management and advisory, brings family-office and institutional relationships that could support later commercial expansion.
Kwee Liong Tek increased his existing commitment.
The completed Series A funding round therefore pairs growth capital with networks that span Southeast Asia, Japan, and broader institutional finance. For a company that has spent years assembling licenses and real-world payment use cases, the round is intended to turn that foundation into wider adoption of compliant stablecoin payments.