dtcpay Raises $25M Series A With SBI Backing

dtcpay, which was founded in 2019 and is based in Singapore, said the new capital will help it expand its product lineup and merchant network, upgrade its business portal for corporate clients and roll out more user-friendly app features. The company also said it wants to widen its reach in regulated markets, where the biggest opportunities may sit because businesses and banks need clear rules before adopting digital payment rails at scale.

The round was led early by Vertex Ventures Southeast Asia & India, with Genedant Capital and existing investor Kwee Liong Tek also participating, according to the company. SBI came in through SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund, a notable endorsement from a large financial group in Japan that suggests institutional money is getting more comfortable with stablecoin infrastructure rather than just crypto trading.

That shift is important for the broader payments industry. Stablecoins are increasingly being pitched as a faster settlement layer for merchants, remittances and treasury operations, and dtcpay says its platform lets businesses and individuals accept, store and transact in stablecoins while bridging them into traditional finance. The company has already launched point-of-sale services for digital payment tokens and teamed up with Visa on a stablecoin-to-fiat Visa Infinite card in Singapore.

For investors, the story reaches beyond one startup. It reinforces a theme that has been building across crypto and fintech: the market is rewarding companies that can turn blockchain rails into regulated, usable financial products. That is why Coinbase, Circle and PayPal all matter in this ecosystem, even if they approach it from different angles. Coinbase benefits from broader crypto activity and infrastructure demand, Circle from stablecoin issuance and distribution, and PayPal from bringing digital assets into everyday payments. The common thread is distribution — and that is where durable value usually gets created.

At the same time, the regulatory backdrop is getting tougher, not easier. The European Central Bank has warned that current stablecoin rules could pressure banking stability, while European policymakers are pushing for tighter restrictions on yields, lending and staking tied to stablecoins. That tension is likely to shape where companies like dtcpay can grow fastest: jurisdictions that want innovation but still offer a clear regulatory path.

The long-term investment takeaway is straightforward. Stablecoins are no longer just a crypto-market curiosity; they are becoming a payments and settlement story. For investors, the best opportunities may come not from chasing the tokens themselves, but from owning the firms building the rails, compliance systems and merchant networks that make stablecoins useful in the real economy. This is a space worth watching closely, and for patient investors, worth putting on the watchlist.