Singapore Stablecoin Firm Locks Down Major Banking Group for Series A Boost
Dtcpay secures investment from SBI Group, pushing its Series A round to $25 million as institutional appetite for compliant digital payments grows.
Singapore-based payments infrastructure firm Dtcpay has announced the addition of Japanese financial conglomerate SBI Group as a strategic investor, bringing its Series A funding to a total of $25 million. The deal signals a deepening of ties between traditional banking giants and crypto-friendly payment rails in Asia.
The company specializes in helping merchants accept both fiat and stablecoin payments seamlessly, targeting a niche in regulated digital settlements. SBI Group, which already operates its own crypto exchange and blockchain initiatives, now joins other backers in betting on Dtcpay's compliance-first approach.
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The partnership reflects a broader shift where legacy financial players are not just observing digital assets but actively integrating them into their infrastructure. Dtcpay plans to use the fresh capital for expansion into new Asian markets and to double down on licensing efforts.
Key elements of the deal include:
- Access to SBI's network of corporate clients across Japan and Southeast Asia
- Joint development of stablecoin settlement products tailored for regulated bank environments
- Increased compliance and security protocols for merchant onboarding
Industry observers note that such tie-ups could accelerate mainstream acceptance of stablecoins for everyday commerce.
“We are moving past the era of speculation; the next wave is about utility and trust, and that requires partners like SBI,” a company representative stated.
The move also comes as regulators in the region tighten oversight on unregulated crypto services, making partnerships with licensed banks more valuable for startups seeking long-term viability.