Singapore-based payments provider dtcpay has completed a $25 million Series A funding round, adding Japan’s SBI Group as a strategic investor as it prepares to expand its merchant network and stablecoin payment products.
SBI Holdings said it invested through two Singapore-based vehicles managed by the group: SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. The companies did not disclose SBI’s individual investment, dtcpay’s valuation or the ownership acquired.
dtcpay said Vertex Ventures Southeast Asia & India led the round’s initial phase in April. Genedant Capital and existing investor Kwee Liong Tek also participated. The financing announcement is significant for payments operators because it links fresh capital from a major financial group to a regulated platform spanning stablecoin acceptance, conversion and card-based spending. It does not, however, provide evidence of payment volume, revenue, profitability or merchant growth.
Funding targets merchant and product expansion
dtcpay says its infrastructure allows businesses and individuals to hold and transact in stablecoins and fiat currencies. Its product set includes a conversion engine for exchanges between the two, point-of-sale acceptance and a Visa card that converts supported balances for spending through the card network.
The company said it will use the new financing to expand its merchant network and continue product development. Its disclosed roadmap for the remainder of 2026 includes a redesigned business portal for enterprise customers and additional consumer features in the dtcpay app. Neither company published launch dates, pricing, transaction limits or market-by-market availability for those updates.
SBI framed the investment as part of its effort to strengthen a digital-asset corridor between Japan and Southeast Asia. That language describes a strategic objective rather than a newly launched cross-border payment corridor: the announcement does not specify participating banks, currencies, settlement routes or commercial launch timing.
Licensing provides a base, not proof of scale
The Monetary Authority of Singapore’s public directory lists dtcpay’s legal entity, Digital Treasures Center Pte. Ltd., as a Major Payment Institution. Its authorised services include account issuance, domestic and cross-border money transfer, merchant acquisition, e-money issuance and digital payment token services.
dtcpay also says it holds an Electronic Money Institution licence in Luxembourg. The funding release presents the Singapore and Luxembourg authorisations as the regulatory base for expansion, but licensing should not be treated as a substitute for operational performance data or uniform product availability across jurisdictions.
The round illustrates a broader shift in stablecoin payments investment. Providers increasingly seek to combine token-to-fiat conversion, regulated payment accounts, merchant acceptance and conventional card distribution rather than offer a single crypto checkout product. For merchants and payment partners, the practical test will be whether that stack can deliver competitive total costs, reliable settlement and compliant access in each market.
Those questions remain open. The companies did not disclose active merchant numbers, payment volume, fee schedules, settlement service levels, customer concentration or the share of transactions conducted in stablecoins. The financing gives dtcpay resources to pursue expansion, but adoption will need to be measured through future operating disclosures rather than the size of the round alone.