SBI Group backs stablecoin payments firm dtcpay with strategic stake in $25 million Series A
The Japanese financial group joins through two venture vehicles as dtcpay, which holds a Singapore payments license, extends regulated stablecoin infrastructure across Asia and beyond.
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Stablecoin payments company dtcpay has closed a $25 million Series A funding round with SBI Group as a strategic investor, the Singapore-licensed firm announced Thursday. The deal gives the Japanese financial conglomerate a foothold in a business that lets customers spend tokenized dollars as readily as bank money.
SBI entered through two vehicles: SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. The round was initially anchored earlier this year by Vertex Ventures Southeast Asia & India, and prior investors Genedant Capital and Kwee Liong Tek kept their stakes. The companies did not disclose dtcpay's valuation, revenue figures or how the capital will be split across uses.
dtcpay builds the plumbing for stablecoin transactions: it converts between digital assets and fiat, holds customer funds in custody, and issues a Visa-linked card that lets stablecoin holders pay merchants as they would with any other currency. The company operates under a Major Payment Institution license from the Monetary Authority of Singapore and has regulatory registrations covering Europe, Hong Kong, Australia and North America.
“We did not raise this round to sustain what we have built. We raised it to fundamentally change how money moves across borders,” dtcpay founder and CEO Alice Liu said in the announcement.
For SBI, the investment fits a wider push into digital-asset infrastructure. The group recently acquired Singapore crypto exchange Coinhako, has grown a multibillion-dollar position in Ripple and is working to distribute that company's RLUSD stablecoin, and acts as a founding validator for Circle's Arc network. The dtcpay stake extends that playbook toward connecting Japanese capital with Southeast Asian commerce through fully licensed channels — an area where stablecoins can move value faster than traditional correspondent banking, so long as intermediaries clear regulatory bars.
Where the money goes
dtcpay plans to direct the $25 million toward building an enterprise portal, improving features in its applications, and signing up more merchants.
Southeast Asia has emerged as a testing ground for stablecoins entering mainstream finance, according to CoinDesk, and the region's regulators — led by Singapore's Monetary Authority — have set terms that firms like dtcpay must meet before handling consumer flows. SBI's latest bet suggests the group expects those rails to carry a growing share of cross-border payments in the years ahead.
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