TREE NEWS update: Stablecoin payments company dtcpay has closed a $25 million Series A round that includes an investment from SBI Group. The Singapore-based firm said the fresh capital will be used to scale its product suite and merchant network, including a revamped business portal for enterprise clients.
Stablecoin payments firm dtcpay closes $25M Series A with SBI Group backing
AI take
SBI's involvement matters more than the round size: a major Japanese financial group putting capital into a Singapore stablecoin payments firm signals that regulated Asian finance is increasingly comfortable with this infrastructure, not just crypto-native backers. The stated use of funds — product suite and merchant network — points to the unglamorous work of getting businesses to actually accept stablecoin settlement, which remains the sector's real bottleneck. Whether SBI's backing translates into distribution across its existing network is the open question.
Generated by AI for reference only.
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