Singapore-based stablecoin payments firm dtcpay has extended its Series A round to $25 million, bringing in Japan’s SBI Group as a strategic investor, adding to a growing list of stablecoin-focused companies that have raised fresh capital this year.
SBI Group invested through its subsidiary SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund, dtcpay said in a statement.
The extended round also saw participation from Singapore-based fund manager Genedant Capital and existing investor Kwee Liong Tek.
Vertex Ventures Southeast Asia & India led the initial tranche of the Series A earlier this year.
The latest funding follows a string of capital raises involving companies building stablecoin-based payments and financial infrastructure.
In March, Singapore-based stablecoin payments startup KAST raised $80 million in a Series A round led by QED Investors and Left Lane Capital. Stablecoin fintech Fasset also raised $51 million in May from investors including SBI Group and Investcorp, DealStreetAsia reported.
Singapore-based cross-border payments firm Tazapay, meanwhile, brought the total size of its Series B financing to $36 million after Circle Ventures led an extension in March. Around 60% of Tazapay’s transaction volume involves stablecoins, according to the company. Circle agreed earlier this month to acquire Tazapay in a deal carrying aggregate consideration of $400 million.
Founded by Alice Liu and Band Zhao, dtcpay provides infrastructure for stablecoin and fiat payments, including a real-time swap engine, merchant acceptance and a Visa-linked card. Its merchant network includes Singapore department store Metro, while the company has also partnered with BNB Chain on stablecoin payments.
The company said the additional capital will be used to expand its product suite and merchant network. Its plans for the rest of the year include a revamped business portal for enterprise customers and new features for its consumer app.
dtcpay holds a Major Payment Institution licence from the Monetary Authority of Singapore as well as an Electronic Money Institution licence in Luxembourg.
Stablecoins have increasingly moved beyond their roots in crypto trading and into mainstream payments infrastructure. They processed $33 trillion in transaction volume in 2025, up 72% from the previous year, according to Artemis Analytics.
Investors, in turn, are increasingly backing the infrastructure around stablecoins rather than making bets on the tokens themselves.
Regulatory clarity and greater willingness among incumbent financial institutions to work with stablecoin companies have also helped accelerate adoption.
Southeast Asia has emerged as a key testing ground for the technology, given the region’s fragmented and often costly cross-border payments landscape. Investors say the companies gaining traction are those combining payments infrastructure with strong banking relationships, regulatory licences and reliable on- and off-ramps.
