Dtcpay Raises $25 Million in Series A Funding Led by Vertex Ventures Southeast Asia & India

Singapore-based stablecoin payment firm Dtcpay has secured $25 million in a Series A funding round. The round was led by Vertex Ventures Southeast Asia & India, with participation from SBI through two of its Singaporean investment entities. Dtcpay, which provides services for the acceptance, storage, and exchange of stablecoins and fiat currency, plans to use the capital to expand its merchant network, enhance infrastructure, develop enterprise and consumer application features, and enter additional regulated markets. The company has integrated WalletConnect and recently launched a stablecoin-to-fiat card linked with Visa.