Monetary Authority OF Singapore

Stablecoin payments firm dtcpay has completed a $25 million Series A funding round with strategic backing from Japan’s SBI Group. The Singapore-licensed company plans to build an enterprise portal, improve its app and expand its merchant network while withholding valuation and revenue details.

Japan’s SBI Group has acquired a majority stake in Singapore based crypto platform Coinhako, advancing a broader plan to link digital asset markets across Asia. The move sits alongside partnerships with Ondo Finance and the Solana Foundation as SBI expands into tokenization, stablecoins and blockchain settlement infrastructure.