SBI Group Backs dtcpay as $25 Million Series A Closes

dtcpay Builds Stablecoin Payment Infrastructure

Alice Liu and Band Zhao founded dtcpay to connect stablecoin payments with traditional financial services.

The company allows businesses and individuals to:

• Accept stablecoins
• Store digital assets
• Convert stablecoins into fiat currencies
• Make payments
• Connect blockchain transactions with traditional payment networks

dtcpay operates a real-time swap engine that settles transactions across stablecoins and fiat currencies.

The company positions the system as an alternative to some traditional cross-border payment processes involving SWIFT and correspondent banks, which can include multiple intermediaries, fees and multi-day settlement times.

Merchants Can Accept Stablecoins at Physical Stores

dtcpay also operates a Digital Payment Token point-of-sale system.

The product allows merchants to accept stablecoin payments directly at physical locations.

A WalletConnect integration extends the service to more than 700 wallets used by millions of consumers globally.

Other parts of dtcpay's payment infrastructure include:

• Real-time stablecoin-to-fiat conversion
• Merchant payment terminals
• Digital-asset storage
• Stablecoin settlement
• Enterprise payment tools

The company has also worked with BNB Chain on projects designed to bring stablecoin payments into everyday commerce.

Visa Card Connects Stablecoins With Fiat Payments

dtcpay has partnered with Visa on a stablecoin-to-fiat Visa Infinite card.

The company said the card supports spending across fiat currencies and stablecoins at more than 150 million merchant locations worldwide.

Its merchant expansion has also reached physical businesses in Singapore.

According to dtcpay, Metro became the first department store in Singapore to accept stablecoin payments using its infrastructure.

Selected hospitality businesses, including Capella Singapore, have also introduced stablecoin payment functionality.

dtcpay Plans Enterprise and Consumer Expansion

dtcpay intends to use its Series A funding to expand both its products and geographic reach.

During the remaining half of 2026, the company plans to launch:

• A redesigned business portal for enterprise customers
• Additional consumer features in its app
• Infrastructure upgrades
• More merchant integrations

dtcpay also plans to deepen relationships with global financial institutions and enter additional regulated markets.

Founder and CEO Alice Liu said the financing was intended to accelerate expansion.

“We did not raise this round to sustain what we have built. We raised it to fundamentally change how money moves across borders,” Liu said.

She said SBI's experience across banking, securities, blockchain and digital assets strengthened dtcpay's expansion strategy.

Liu described compliant stablecoin payments as “not a distant vision but an infrastructure being built right now.”

She added that support from SBI, Kwee Liong Tek and Genedant Capital gives dtcpay “the capital, the network, and the momentum” to expand.

dtcpay Chairman Says Next Stage Is About Scale

Group Chairman Band Zhao said dtcpay's next priority is broader deployment.

“The next chapter for dtcpay is about scale,” Zhao said.

The company plans to strengthen its infrastructure, build more relationships with financial institutions and enter additional regulated markets.

Zhao said dtcpay wants stablecoin payments to become easier for businesses and consumers while allowing value to move globally, instantly and compliantly.

SBI Targets Japan-Southeast Asia Digital Asset Corridor

SBI described its investment as more than a financial transaction.

Eiichiro So, CEO of SBI Ven Capital, said dtcpay had made “decisive progress” toward becoming regulated payment infrastructure connecting traditional finance with stablecoins.

SBI highlighted dtcpay's:

• Licensing strategy
• User experience
• Payment infrastructure
• Products for institutions
• Corporate services
• Consumer products

So said the investment represents the beginning of a strategic partnership.

SBI also tied the deal to its broader effort to develop a digital-asset corridor between Japan and Southeast Asia using trusted and regulated financial infrastructure.

Genedant Backs Stablecoins for Everyday Payments

Genedant Capital CEO Quek How Jiang said the firm sees dtcpay moving beyond specialist crypto payments.

“dtcpay is building the regulated infrastructure that will bring stablecoin payments into everyday commerce,” Quek said.

Genedant plans to support dtcpay through capital as well as its network of strategic investors, industry executives and institutional relationships.

Existing investor Kwee Liong Tek also increased his commitment during the funding round.

Who Invested in dtcpay?

The $25 million Series A brought together several investors with financial and technology backgrounds.

Vertex Ventures Southeast Asia & India is part of Vertex Holdings, a wholly owned subsidiary of Temasek Holdings.

SBI Group, founded in 1999, operates businesses across:

• Banking
• Securities
• Insurance
• Asset management
• Digital assets
• Private equity
• Crypto-assets

SBI Ven Capital, its Singapore subsidiary, is regulated by the Monetary Authority of Singapore.

It manages the SBI-NTU-Kyobo Digital Innovation Fund involved in the dtcpay investment.

The fund was established in 2022 by SBI Group, NTUitive and Kyobo Securities to invest in early-stage digital-transformation and digital-platform businesses across Southeast Asia.

Genedant Capital is a Singapore-based fund manager licensed by the Monetary Authority of Singapore.

It has more than $2 billion in assets under management and advisory and serves accredited investors including family offices and private-wealth clients.

Its investments cover areas including:

• Deep tech
• Healthcare
• Biotechnology
• Artificial intelligence
• Digital infrastructure

dtcpay Expands Through Regulated Markets

Licensing is a central part of dtcpay's growth strategy.

The company holds a Major Payment Institution license from the Monetary Authority of Singapore and is authorized for six regulated payment services in the country.

It also holds an Electronic Money Institution licence in Luxembourg, allowing it to provide regulated payment services across the European Economic Area.

dtcpay says it additionally holds licenses or registrations in:

• Hong Kong
• Australia
• United States
• Canada

The company argues that its regulatory-first approach is important for attracting financial institutions and corporations that require licensed infrastructure before moving significant payment activity into stablecoins.