VENDOR · APAC
SBI Group leads $25M Series A round for Singapore stablecoin payments startup dtcpay
Japan's State Bank of India (SBI) led a $25 million Series A funding round for dtcpay, a Singapore-based firm offering stablecoin-based cross-border payment infrastructure. Investment signals regional bank backing for DLT-native payment rails.
WHY IT MATTERS
Tier-1 Asian bank betting capital on stablecoin payments instead of SWIFT upgrades; validates market viability for DLT rails; likely to influence other regional banks (MUFG, DBS) to accelerate stablecoin treasury pilots.
Source: Finextra · 2026-09-21