Singapore stablecoin payment company dtcpay completes $25 million Series A funding round

Singapore stablecoin payment company dtcpay has completed a $25 million Series A financing, with participation from Japan's SBI Group. This round of financing is led by Vertex Ventures Southeast Asia and India, with participation from Genedant Capital, Kwee Liong Tek, and existing investors. Dtcpay will use funds to expand its product portfolio and merchant network, upgrade its enterprise business portal, and launch consumer features.