dtcpay Expands $25M Series A With SBI Group
Singapore-based stablecoin payments company dtcpay has expanded its Series A funding to $25 million after securing strategic investment from Japan’s SBI Group. The round initially included a $10 million tranche led by Vertex Ventures Southeast Asia & India, with Genedant Capital and existing investor Kwee Liong Tek also participating.
The dtcpay funding will support merchant-network growth, a redesigned business portal, consumer payment features and cross-border transfers. dtcpay offers stablecoin-to-fiat conversion, merchant terminals and a Visa card that supports fiat and stablecoin spending at more than 150 million locations worldwide. The company previously moved from supporting multiple cryptocurrencies, including Bitcoin, to a stablecoin-only model.
dtcpay holds a Major Payment Institution licence in Singapore and an Electronic Money Institution licence in Luxembourg, alongside licences or registrations in Hong Kong, Australia, the United States and Canada. SBI said the investment supports plans for a digital-asset payment corridor between Japan and Southeast Asia. The dtcpay funding highlights growing institutional interest in regulated stablecoin infrastructure, but it does not directly affect a publicly traded crypto token.
Neutral
The news is neutral for cryptocurrency prices because dtcpay is a private payments company and the funding does not involve a listed crypto token. The shift to a stablecoin-only model may support broader use of stablecoins and improve long-term adoption of regulated digital-asset payment infrastructure, but it does not create immediate demand for Bitcoin or another tradable cryptocurrency.
In the short term, traders may view the SBI backing and licensing coverage as a positive signal for institutional stablecoin adoption. However, the direct effect on market prices is likely to be limited because there is no token issuance, liquidity change or material impact on exchange flows. Over the longer term, expanded merchant acceptance and Japan–Southeast Asia payment links could strengthen stablecoin utility, while regulatory developments and competition among payment providers remain key risks.