Singapore-based stablecoin payments firm dtcpay has closed a $25 million Series A on September 18, 2026, after Japan’s SBI Group joined as a strategic investor. SBI participated through SBI Ventures Asset Pte. Ltd. and the SBI-NTU-Kyobo Digital Innovation Fund, extending a round that began with a $10 million tranche led by Vertex Ventures Southeast Asia & India earlier in 2026.
Genedant Capital and existing investor Kwee Liong Tek also participated in the completed round. dtcpay did not disclose SBI’s exact investment amount, the ownership stake attached to the transaction, or a new valuation.
The company, founded by Alice Liu and Band Zhao, builds infrastructure for accepting, holding, converting and transferring stablecoins alongside fiat currencies. Liu said the funding aims to 'fundamentally change how money moves across borders,' while Chairman Band Zhao said the next stage is 'about scale,' citing infrastructure, financial-institution partnerships and regulated-market expansion among the priorities.
dtcpay operates in Singapore through Digital Treasures Center Pte. Ltd., which the Monetary Authority of Singapore lists as a Major Payment Institution authorized for account issuance, domestic money transfers, cross-border money transfers, merchant acquisition, e-money issuance and digital payment token services. In Europe, its Luxembourg subsidiary holds an Electronic Money Institution license, and the company says it holds additional licenses or registrations in Hong Kong, Australia, the U.S. and Canada.
The fresh capital will go toward payment products, merchant network growth and regulated international expansion. Planned roadmap items include a redesigned business portal for enterprise clients and new features inside its consumer app.
dtcpay already supports stablecoin spending through point-of-sale integrations and its Digital Treasures Visa Infinite card, which converts supported stablecoin balances for fiat settlement over Visa’s network. Its payment documentation lists USDC and USDT among accepted assets, and Singapore retailer Metro accepts stablecoins including USDT and USDC through dtcpay infrastructure. The company’s Global Pay product says transfers can reach more than 100 countries and supports USD, SGD, GBP, EUR and HKD alongside stablecoins.
SBI’s investment adds to its broader blockchain payment initiatives, including SBI Remit’s stablecoin infrastructure work with Fasset and SBI Holdings’ agreement with the Solana Foundation. Eiichiro So, CEO of SBI Ven Capital, described the dtcpay transaction as the start of a strategic partnership focused on digital-asset links between Japan and Southeast Asia.
