SBI Group Backs dtcpay With $25 Million Series A Financing Round

dtcpay, a Singapore-based company that provides digital-asset conversion, custody, and Visa-linked card services, has closed a $25 million Series A financing round led by Vertex Ventures. SBI Group invested in the round through its subsidiaries SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund.

dtcpay's operations span Europe, Hong Kong, Australia, and North America, and it holds licenses or registrations in several markets, including the United States and Canada. The company's funding will be used to develop an enterprise portal, improve its app, and expand its merchant network.

Alice Liu, founder and CEO of dtcpay, stated that the company did not raise this round to sustain what it has built but rather to scale its product suite and merchant network.

dtcpay's technology allows businesses and consumers to use stablecoins alongside traditional currencies. It has partnered with BNB Chain and integrated with WalletConnect, giving users access to stablecoin payments across more than 700 wallets.