dtcpay Secures USD 25m Series A Expansion Led by Japan’s SBI Group to Scale Global Stablecoin Infrastructure

Singapore-headquartered digital payments firm dtcpay has finalized a USD 25 million Series A funding extension. The top-up round was anchored by Japanese financial conglomerate SBI Group, investing through its subsidiary SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund. The Series A round was initially led by Vertex Ventures Southeast Asia & India in April 2026, with the latest tranche bringing in participation from Genedant Capital alongside follow-on backing from Singaporean business leader Mr. Kwee Liong Tek.

Market Positioning & Product Suite

Founded by Alice Liu and Band Zhao, dtcpay operates cross-border payment rails designed to integrate stablecoin usage with traditional commerce. The platform features a real-time swap engine for instant stablecoin-to-fiat conversion, bypassing the multi-day settlement delays and fee structures of legacy SWIFT systems.

Key commercial implementations include:

• Point-of-Sale Acceptance: In-store Digital Payment Token (DPT) payment solutions.
• Web3 Ecosystem Integration: Native integration with WalletConnect, providing interoperability with over 700 crypto wallets.
• Card Issuance: A regional partnership with Visa offering stablecoin-to-fiat Visa Infinite cards accepted at over 150 million merchant locations.
• Retail & Merchant Adoption: Live deployments with retail chains such as Metro,Capella Singapore, and direct ecosystem integration with BNB Chain.

Regulatory Footprint & Governance

dtcpay holds a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) and an Electronic Money Institution (EMI) license in Luxembourg. It retains additional regulatory registrations spanning Hong Kong, Australia, the United States, and Canada. The firm’s compliance-led approach earned it Fintech of the Year and Disruptor of the Year at the 2025 Asia Fintech Awards, with CEO Alice Liu awarded Fintech Mentor of the Year at the 2025 SFF FinTech Excellence Awards.

Investor Profile & Capital Allocation

• SBI Group: Adds financial market footprint across Asia, seeking to build cross-border digital asset origination corridors between Japan and Southeast Asia.
• Vertex Ventures SEA & India: Contributes operational scaling expertise backed by Temasek Holdings.
• Genedant Capital: A MAS-regulated asset manager with over $2 billion in AUM/AUA, facilitating access to institutional private wealth networks across Asia.

dtcpay will allocate the capital toward expanding its global merchant network, launching an enterprise business portal, and deploying new consumer product features throughout the second half of 2026.

SBI Digital Practice and Nodeinfra Partner to Launch Cross-Border Stablecoin Payment Network Connecting Japan and South Korea

Japanese financial powerhouse SBI Group, through its Canton Network-focused entity SBI Digital Practice (SBIDP), has signed a Memorandum of Understanding with South Korean digital asset software provider Nodeinfra to build a stablecoin-based cross-border payment network. Dubbed Project Musubi, the joint initiative aims to overhaul traditional foreign exchange

Japan FinTech ObserverNorbert Gehrke