Singapore-based dtcpay has completed a US$25 million Series A funding round as the regulated payments company prepares to expand its stablecoin payment infrastructure across additional markets. Japan’s SBI Group joins the investor group alongside Vertex Ventures Southeast Asia & India, Genedant Capital and existing investor Kwee Liong Tek.

Stablecoins are increasingly being positioned as a bridge between blockchain-based assets and conventional payments, but moving them into everyday commerce requires more than a digital wallet. Payment providers need infrastructure for conversion, settlement, merchant acceptance, compliance and integration with existing financial networks.

That is the market dtcpay is targeting.

The Singapore-based company operates as a Major Payment Institution licensed by the Monetary Authority of Singapore, with infrastructure designed to let businesses and consumers accept, hold and transact in stablecoins. Its payment stack includes a real-time swap engine intended to move between stablecoins and fiat currencies while reducing the friction associated with traditional cross-border payment processes.

dtcpay says its Series A has now reached US$25 million, with the initial tranche led by Vertex Ventures Southeast Asia & India in April 2026. Japan’s SBI Group subsequently anchored the round through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. Genedant Capital and existing investor Kwee Liong Tek also participated.

The company has been building its payment infrastructure around practical merchant and consumer use cases. Its Digital Payment Token point-of-sale solution allows merchants to accept stablecoin payments, while an integration with WalletConnect expanded compatibility across more than 700 wallets, according to dtcpay.

On the consumer side, a partnership with Visa supports a stablecoin-to-fiat card that can be used across more than 150 million merchant locations worldwide. dtcpay has also worked with BNB Chain and Singapore’s Metro department store to bring stablecoin payments into physical commerce.

The company’s regulatory footprint is another part of its strategy. Alongside its Singapore licence, dtcpay says it holds an Electronic Money Institution licence in Luxembourg, giving it a regulated base for expansion into Europe and other markets.

The new capital is expected to support product development and international growth. dtcpay says its roadmap includes a redesigned enterprise business portal and additional consumer features for its mobile application.

The investment from SBI also introduces a strategic cross-border dimension. SBI has operations spanning banking, securities, insurance, asset management and digital assets, while dtcpay is targeting payment corridors connecting traditional finance with blockchain-based settlement.

For the broader fintech market, the development illustrates an emerging model in which stablecoins operate less as speculative digital assets and more as payment infrastructure. The technology still has to contend with regulatory fragmentation, liquidity management, compliance requirements and integration with existing payment systems.

dtcpay’s next phase will therefore depend not only on adding merchants and users, but on whether regulated stablecoin rails can achieve the reliability, interoperability and reach expected from conventional financial infrastructure.

Market Landscape

Stablecoin payments are attracting increasing attention from banks, fintech companies and payment networks as digital assets move closer to regulated financial infrastructure. The Bank for International Settlements has noted that stablecoins could have applications in cross-border payments, although questions around regulation, financial stability and their relationship with traditional monetary systems remain important.

Payment networks are also experimenting with stablecoin settlement and tokenised money, while financial institutions including SBI Group continue developing digital-asset capabilities. This creates an increasingly competitive environment spanning fintech payment providers, banks, card networks and blockchain infrastructure companies.

Top Insights

• dtcpay completed a $25 million Series A to expand regulated stablecoin payment infrastructure across international markets.
• SBI Group’s participation adds strategic financial-services expertise and potential connectivity between Japanese and Southeast Asian digital-asset markets.
• dtcpay combines stablecoin-to-fiat conversion, merchant acceptance, wallets and card-based spending within its payment infrastructure.
• Singapore and Luxembourg licences form an important part of dtcpay’s strategy for operating across regulated international markets.
• The next stage of stablecoin adoption increasingly depends on payment interoperability, compliance, liquidity and real-world merchant acceptance.

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