SBI Group Joins dtcpay’s Series A Funding, Raising $25 Million
- dtcpay’s Series A funding round has raised a total of $25 million, led by Vertex Ventures Southeast Asia & India.
- SBI Group participated as a strategic investor through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund.
- The investment will enhance dtcpay’s infrastructure, merchant network, and stablecoin payment capabilities in new regulated markets.
- dtcpay supports transactions between stablecoins and fiat currencies, aiming to reduce costs and delays in cross-border transfers.
- The company has partnered with BNB Chain for real-world stablecoin use cases, including acceptance at various retailers in Singapore.
This funding round is set to accelerate dtcpay’s international expansion and product development efforts throughout the second half of the year. The backing from SBI Group signifies a commitment to establishing regulated stablecoin payments as part of the evolving financial landscape.
With this investment, dtcpay aims to transform how money moves across borders while enhancing its services for businesses and users alike. The total raised now stands at $25 million, underscoring significant investor confidence in stablecoin infrastructure.(Source)
