SBI Group backs payments firm dtcpay in $25 million funding round
- Dtcpay has completed a $25 million Series A funding round.
- The round included strategic investment from Japan’s SBI Group and existing backers.
- Dtcpay offers infrastructure for stablecoin payments, including a Visa-linked card.
- The firm holds a Major Payment Institution license from the Monetary Authority of Singapore.
- SBI’s investment aims to connect Japanese capital with Southeast Asian markets.
This funding will enhance dtcpay’s ability to provide essential crypto infrastructure and facilitate faster transactions across borders through stablecoins. The involvement of major investors like SBI indicates growing interest in regulated payment solutions in Asia.
With this $25 million investment, dtcpay is positioned to significantly change how money moves internationally, leveraging its regulatory licenses and technology.(Source)
