SBI’s Investment Boosts Dtcpay’s Series A to $25 Million
- Japanese financial conglomerate SBI Holdings invested in Singapore-based Dtcpay, increasing its Series A financing to $25 million.
- The investment was made through two Singapore vehicles managed by SBI, namely SBI Ventures Asset Pte. Ltd. and the SBI-NTU-Kyobo Digital Innovation Fund.
- Dtcpay aims to enhance merchant growth and develop new payment products, focusing on expanding regulated stablecoin payment access across Asia.
- The company has integrated with Walletconnect, enabling stablecoin acceptance across over 700 wallets and introduced a stablecoin-to-fiat card linked to Visa.
- Dtcpay holds a Major Payment Institution license from the Monetary Authority of Singapore and an Electronic Money Institution license in Luxembourg.
SBI Holdings’ investment in Dtcpay supports the expansion of stablecoin payments in Asia, enhancing digital asset corridors between Japan and Southeast Asia. This funding will help Dtcpay grow its merchant network and improve enterprise payment tools.
By increasing its Series A funding to $25 million, Dtcpay is set to strengthen its infrastructure for stablecoin payments, aiming for seamless integration into traditional payment systems across Asia (Source).
