SBI Group backs payments firm dtcpay in $25 million funding round
Singapore-based payments firm dtcpay has raised $25 million in a funding round led by SBI Group to expand its crypto infrastructure and merchant services. The company aims to use the capital to improve cross-border payment efficiency and regulatory compliance.
Why it matters
This investment signals a growing trend of traditional financial institutions integrating stablecoin and crypto infrastructure to modernize international banking.
The capital raise, initially anchored earlier this year by Vertex Ventures Southeast Asia & India, concluded with SBI entering the fold through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. Existing backers Genedant Capital and Kwee Liong Tek also maintained their positions.
Dtcpay provides essential crypto infrastructure. It handles asset conversion and custody, and offers a Visa-linked card that lets holders spend stablecoins just like ordinary cash. The firm holds a Major Payment Institution license from the Monetary Authority of Singapore, alongside regulatory footprints in Europe, Hong Kong, Australia, and North America.
SBI’s involvement in the funding round indicates a strategic move to secure fully regulated pipelines connecting Japanese capital with Southeast Asian commercial channels. Stablecoins provide a high-speed alternative to slow traditional correspondent banking, provided the intermediary meets rigorous regulatory standards.
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