Dtcpay Closes $25M Series A Backed by Japan's SBI Group
In brief
- Dtcpay raised $25M Series A funding led by Japan's SBI Group and other investors
- Vertex Ventures Southeast Asia & India contributed $10M tranche in April to the round
- Capital funds expansion of merchant network and new consumer features for stablecoin payments
- Dtcpay holds regulatory licenses in Singapore and Luxembourg for payment services
Round structure and backers
The Series A began with a $10 million tranche led by Vertex Ventures Southeast Asia & India in April. SBI Holdings invested through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund, both Singapore-based entities. Genedant Capital and existing investor Kwee Liong Tek also participated.
Neither SBI nor Dtcpay disclosed the size of SBI's contribution or the company's valuation. The funding round follows Dtcpay's $16.5 million pre-Series A raise in June 2023.
What Dtcpay does
Dtcpay provides infrastructure that allows businesses and individuals to accept, store and transact in stablecoins and fiat currencies. Its services include a real-time stablecoin-to-fiat conversion system, merchant payment terminals and a Visa card. The company holds a Major Payment Institution license from the Monetary Authority of Singapore and an Electronic Money Institution license in Luxembourg.
Strategic intent
"SBI said the investment would support its efforts to develop a digital asset corridor between Japan and Southeast Asia." — SBI
For Dtcpay, the capital represents a vote of confidence from one of Asia's largest financial conglomerates. The company plans to use it to deepen its presence in the region's merchant ecosystem and roll out new tools for consumers. Both aims align with SBI's broader push to establish stablecoin infrastructure across major Asian markets.
Frequently asked questions
What does Dtcpay do?
Dtcpay provides infrastructure for businesses and individuals to accept, store and transact in stablecoins and fiat currencies. Its services include a real-time stablecoin-to-fiat conversion system, merchant payment terminals and a Visa card.
Why did SBI invest in Dtcpay?
SBI said the investment would support its efforts to develop a digital asset corridor between Japan and Southeast Asia, positioning Dtcpay as a key infrastructure partner in the region.
Is Dtcpay regulated?
Yes. Dtcpay holds a Major Payment Institution license from the Monetary Authority of Singapore and an Electronic Money Institution license in Luxembourg.
