ChainCatcher reports that Dtcpay, a Singapore-based stablecoin payment infrastructure company, has announced the completion of a $10 million Series A funding round led by Vertex Ventures Southeast Asia & India. The company has obtained a Luxembourg electronic money institution license to expand regulated payment services within the European Economic Area. Dtcpay builds stablecoin payment infrastructure for businesses and consumers and has partnered with Visa to launch cards connecting digital and traditional finance. Its platform supports real-time settlement between stablecoins and fiat currencies.
Singapore-based stablecoin payment firm Dtcpay completes $10 million Series A funding
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Summary
Singapore-based stablecoin payment company Dtcpay has closed a $10 million Series A round led by Vertex Ventures Southeast Asia & India, marking a significant funding update for the project. The company holds a Luxembourg e-money license, enabling it to offer regulated services within the EEA. Dtcpay partners with Visa to issue payment cards and enables real-time stablecoin-to-fiat settlement, delivering on-chain payment infrastructure for businesses and consumers.
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