SBI Group backs payments firm dtcpay in $25 million funding round

Stablecoin payments company dtcpay completed a $25 million Series A funding round with a strategic investment from Japan’s SBI Group.

• Stablecoin payments company dtcpay completed a $25 million Series A funding round with a strategic investment from Japan’s SBI Group.
• The Singapore-licensed company provides digital-asset conversion, custody and Visa-linked card services, with operations spanning Europe, Hong Kong, Australia and North America.
• Dtcpay plans to use the funding to develop an enterprise portal, improve its app and expand its merchant network, but did not disclose its valuation, revenue or allocation of the proceeds.

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Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.