ChainCatcher report: Stablecoin payment company dtcpay announced it has received a strategic investment from Japanese financial giant SBI Group, increasing its Series A funding total to $25 million. This round was led by Vertex Ventures, a subsidiary of Temasek, with co-investment from Genedant Capital, which manages over $2 billion in assets, and continued support from Kuo Liangde, founder of Capella Hotel Group. SBI Group stated that this investment marks the beginning of a strategic partnership aimed at jointly developing a digital assets corridor between Japan and Southeast Asia. dtcpay is an official member of Visa and has issued compliant stablecoin-powered Visa cards. It holds licenses in Singapore, Hong Kong, Luxembourg, Australia, the United States, Canada, and other regions, and continues to expand, providing compliant infrastructure for global stablecoin payments.
SBI Group Invests in dtcpay, Raising $25M in Series A Funding
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Summary
Stablecoin payment firm dtcpay has closed a $25 million Series A funding round, with the announcement highlighting SBI Group’s strategic investment. The round was led by Vertex Ventures in April, with participation from Genedant Capital and Kwok Liang Tak, founder of Capella Hotel Group. SBI stated that this move initiates a partnership to enhance the digital asset connectivity corridor between Japan and Southeast Asia. dtcpay, a Visa member, issues compliant stablecoin-powered Visa cards and operates in Singapore, Hong Kong, Luxembourg, Australia, the U.S., and Canada.
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