Deals in brief: Singapore-based dtcpay closes Series A round, 01F Group invests in Dana, ten China investments, and more
Singapore-based dtcpay closed a USD 25 million Series A funding round, with Japan’s SBI Group joining as a strategic investor. Vertex Ventures Southeast Asia & India initially led the round. The company provides payment infrastructure connecting stablecoins with traditional financial services. This capital will support product expansion, merchant network growth, and entry into new regulated markets.
The USD 25 million Series A for dtcpay, with SBI Group’s strategic investment, reflects growing institutional confidence in stablecoin infrastructure. This is not a bet on crypto speculation. It is a bet on the utility of stablecoins for business transactions. dtcpay’s focus on connecting stablecoins to traditional finance shows a maturation in the digital asset space.
For Southeast Asia, this deal strengthens Singapore’s position as a hub for regulated digital payment innovation. SBI’s involvement, through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund, brings a major Japanese financial player into the regional fintech scene. This could accelerate stablecoin adoption for cross-border payments across Asia, benefiting merchants and individuals seeking efficient alternatives.
The thing to watch is dtcpay’s expansion into new regulated markets. Success there will validate its model beyond Singapore. It will also show if regulators are ready for broader stablecoin integration into mainstream finance, or if regulatory hurdles will slow its growth.
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