SBI Group Joins dtcpay's $25M Funding Round for Stablecoin Expansion

Singapore-based dtcpay has closed a $25 million Series A funding round led by Vertex Ventures, with SBI Group joining as a strategic investor.

The capital will support expansion of stablecoin and merchant payment infrastructure. dtcpay operates as a Major Payment Institution in Singapore, allowing it to offer regulated payment services between fiat and digital assets.

Stablecoins have gained traction among payment companies due to their ability to facilitate faster cross-border settlement without the need for volatile cryptocurrencies like Bitcoin or Ethereum.

SBI Group's involvement brings a strategic angle to the deal, providing dtcpay with access to its extensive network across banking, securities, and digital assets.