dtcpay Raises US$10 Million to Expand Global Stablecoin Payments Network

Singapore-based dtcpay has secured US$10 million in Series A funding to expand into new licensed markets and grow its stablecoin payments business.

The round was led by Vertex Ventures Southeast Asia & India, while Singapore-based boutique investment bank Favour Capital acted as exclusive financial advisor.

The company said the funding will be used to enhance its product suite, strengthen its infrastructure and support expansion across newly licensed jurisdictions.

Founded by Alice Liu and Band Zhao, dtcpay provides payment infrastructure that allows businesses and individuals to accept, store and transact in stablecoins for everyday use.

Its platform includes a real-time swap engine that enables instant settlement between stablecoins and fiat currencies.

Alice Liu, CEO and Co-Founder of dtcpay, said,

“By prioritising compliance and regulatory rigour alongside a user-centric experience, we have built a foundational infrastructure ready for global scale.
This capital will accelerate our product adoption and facilitate our entry into high-growth markets.”

dtcpay has secured an Electronic Money Institution licence in Luxembourg, which allows it to offer regulated payment services across the European Economic Area.

The company already holds a Major Payment Institution licence from the Monetary Authority of Singapore, along with licences and registrations in Hong Kong, Australia, the United States and Canada.

dtcpay said it is also among a select few firms in Asia Pacific to partner with Visa on card products that support transactions across digital and fiat currencies.

These include Visa Infinite cards for individuals and corporate card solutions for businesses.

Watch our interview with dtcpay COO Sam Lin on why the stablecoin market could grow well beyond US$2 trillion.