Circle · Japan · Singapore · Funding Round · CryptoSlate
Why SBI just put millions behind a Singapore company’s stablecoin push
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Dtcpay, a Singapore payments company, has completed a $25 million Series A with SBI Group joining as a strategic investor, giving its stablecoin payments business fresh backing for product and merchant expansion.
Key facts
- Vertex published an announcement on March 17 describing a $10 million Series A for dtcpay
- The company announced the close on Sept. 18, naming SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund as the Japanese group's investment vehicles
- The $25 million figure is the total Series A, rather than the size of SBI's investment alone
- In the announcement, SBI Ven Capital CEO Eiichiro So described the investment as the start of a strategic partnership
Summary
01 The $25 million total covers the full Series A; SBI’s individual investment was not disclosed. 02 Funding targets a business portal, consumer app features and a broader merchant network. 03 SBI adds regional backing, but dtcpay gave no timeline for a launch in Japan. The company announced the close on Sept. 18, naming SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund as the Japanese group's investment vehicles.