dtcpay Secures $25M Series A Funding with SBI Group Participation

Singapore-based digital payments firm dtcpay has successfully closed a $25 million Series A funding round. The round was led by Vertex Ventures, with SBI Group joining as a strategic investor. The company plans to utilize the new capital to expand its stablecoin payment infrastructure and merchant settlement services. As a licensed Major Payment Institution in Singapore, dtcpay focuses on facilitating fiat-to-digital asset transactions for businesses, leveraging stablecoins to improve the efficiency of cross-border settlements.