Dtcpay closes $25 million Series A with SBI backing

Dtcpay raises $25M to expand stablecoin payment infrastructure globally Backed by SBI, it will grow merchant services and launch new consumer tools

Singaporebased stablecoin payments company Dtcpay has completed a $25 million Series A funding round with support from Japan’s SBI Group. The round began with a $10 million tranche led by Vertex Ventures Southeast Asia & India in April and also included Genedant Capital and existing investor Kwee Liong Tek. Dtcpay provides payment infrastructure that lets businesses and individuals accept, store, and transfer stablecoins and fiat currencies. Its services include realtime stablecointofiat conversion, merchant payment terminals, and a Visa card for spending supported stablecoins. The company said the new capital will help expand its merchant network and add new products, including a revised business portal and consumer features. SBI said its investment supports efforts to build a digital asset corridor between Japan and Southeast Asia. Dtcpay holds payment licenses in Singapore and Luxembourg.