dtcpay extends Series A to $25m with SBI Group joining as strategic investor

Singapore-headquartered dtcpay has increased its Series A to $25m after adding Japan’s SBI Group to the round. For high-risk merchants and PSPs, the useful bit is not the fundraise itself but the direction of travel: stablecoin-to-fiat infrastructure is being built for regulated commerce, not just crypto-native use cases.

1. The round was initially led by Vertex Ventures Southeast Asia & India in April 2026. It has now been broadened by SBI Group, investing through two vehicles: its subsidiary SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund. Genedant Capital also joined the round, alongside continued support from existing backer Mr Kwee Liong Tek.
2. dtcpay was founded by Alice Liu and Band Zhao. The company says it provides infrastructure that lets businesses and consumers accept, hold and transact in stablecoins, using a real-time swap engine designed to settle stablecoin and fiat transactions without the delays and layered fees typical of SWIFT-based cross-border transfers.
3. The company has been assembling a product stack that matters for distribution: a Digital Payment Token point-of-sale solution for in-store merchant acceptance, an early integration with WalletConnect covering more than 700 wallets, and a partnership with Visa that produced a stablecoin-to-fiat Visa Infinite card. That card can be used for multi-currency spending at more than 150 million merchant locations worldwide.
4. dtcpay has also worked with BNB Chain to push stablecoin usage into everyday commerce. In Singapore, that has included Metro becoming the first department store to accept stablecoin payments, plus acceptance with hospitality partners including Capella Singapore.
5. The fresh capital will fund a revamped business portal for enterprise clients and consumer-facing updates to the dtcpay app through the remainder of 2026. In other words, the company is using the raise to widen the product surface area rather than just keep the lights on.

For PSPs watching the stablecoin space, the pattern is clear enough: the players getting capital are the ones linking on-chain settlement to familiar merchant, card, and wallet rails, especially in Singapore and adjacent regulated markets. That is where stablecoins start to look less like a niche treasury tool and more like payment infrastructure.