SBI Group makes strategic investment in dtcpay, Series A funding reaches $25 million
Stablecoin payment firm dtcpay has secured a strategic investment from Japanese financial giant SBI Group, bringing its total Series A funding to $25 million. The round was led by Vertex Ventures, a subsidiary of Temasek, with participation from Genedant Capital and continued support from Capella Hotel Group founder Horst Schulze. The partnership aims to expand digital asset corridors between Japan and Southeast Asia. As an official Visa member, dtcpay issues compliant stablecoin Visa cards and maintains licenses across Singapore, Hong Kong, Luxembourg, Australia, the U.S., and Canada.
Summaries are written by AI from the original article. Not investment advice.