dtcpay Closes $25M Series A With SBI Group Backing for Stablecoin Payments

Singapore Payments Firm's $25M Round

Singapore-based payments firm dtcpay has completed a $25 million Series A funding round, the company announced on September 18, with Japan's SBI Group joining as a strategic investor. SBI participated through two vehicles — SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund — alongside Genedant Capital and returning backer Kwee Liong Tek. The $25 million figure covers the Series A in full; dtcpay has not disclosed how much SBI committed individually, the company's valuation, or the split among investors, and those gaps remain unconfirmed. The round is structured as an expansion of an earlier close: Vertex Ventures Southeast Asia & India led the initial tranche, which the firm announced on March 17 as a $10 million Series A. Proceeds are earmarked for a revamp of dtcpay's corporate-facing portal, added features in its consumer application, and a wider merchant network. What makes the raise notable for the digital-asset market is what dtcpay actually builds: infrastructure that lets merchants accept, custody and settle payments in on-chain instruments pegged to fiat currencies — in practice, stablecoin rails for everyday commerce. The company says its cards reach more than 150 million merchants worldwide through Visa acceptance, though that number reflects the card network's overall footprint rather than dtcpay's active base. Regulatory grounding matters as well: dtcpay holds a Major Payment Institution licence from the Monetary Authority of Singapore and an electronic-money institution licence in Luxembourg, two of the stricter regimes governing stablecoin payments. SBI's involvement signals continued Japanese institutional appetite for offshore digital-asset infrastructure. Eiichiro So, chief executive of SBI Ven Capital, framed the investment as the start of a strategic alliance tied to a plan to broaden digital-asset issuance between Japan and Southeast Asia. No timeline for a Japan service launch was disclosed, leaving the concrete shape of that collaboration to a later phase.

Robinhood Chain On-Chain Data

Activity on Robinhood Chain, the brokerage's tokenization-focused network, showed sharp rotation on September 19. On-chain explorer data as of midday local time puts the 24-hour trading volume of Schiffy (SCHIFFY), the chain's most-watched coin, at $2.95 million — 4.3 times the prior day's level — while holder wallets grew by 1,503 to 3,933 and the token gained 117.7% over the same window. Among tokenized stocks, the wallet-count leader was Nvidia (NVDA), which added 1,340 holders to reach 169,710. SpaceX (SPCX) followed with 1,247, then Intel (INTC) with 1,095, the SPDR Gold Shares ETF (GLD) with 826, and Meta (META) with 711. Reddit (RDDT), GameStop (GME) and Take-Two Interactive (TTWO) shed holders. On the issuance side, Meta saw roughly $1.99 million in new shares minted — a 31.8% increase in its on-chain float — while Galaxy Digital (GLXY) burned about $260,000; SpaceX supply rose 19.2% and United States Oil Fund (USO) 18.1%. Netting the day's notable mints and burns leaves $7.65 million created against $2.24 million destroyed. Price discovery stayed close to the tape: Firefly Aerospace (FLY) traded 2.8% above its regular-session close on-chain, Carnival (CCL) 2.7% and SoFi Technologies (SOFI) 1.9%, while Applied Materials (AMAT) ran 6.3% below and Applied Optoelectronics (AAOI) 4.2% under. Among Asian names, SK Hynix (SKYHY) changed hands on-chain at $186.70, 0.5% beneath its official close. On the coin side, Artificial Dodge (AD) led wallet growth with 5,856 new holders, ahead of Diamond Pons (DPONS) at 3,683, Wrapped Ether (WETH) at 2,506 and Agent Wormhole (WORM) at 1,826. WETH also topped volume at $994.53 million, and Zecpositech (ZFORGE) turned over 46 times the prior day's total while gaining 1,384.2%. Readers tracking the market in real time can follow live spot and futures prices on Bybit.

Tokenized Markets Meet Payment Rails

Read together, the two data points sketch the same arc from opposite ends. The official funding disclosure behind dtcpay's round — a $25 million Series A naming SBI Ventures Asset Pte Ltd, the SBI-NTU-Kyobo Digital Innovation Fund, Genedant Capital and Kwee Liong Tek as participants, with Vertex Ventures Southeast Asia & India having led the first $10 million close — confirms institutional capital is still underwriting stablecoin payment infrastructure even with valuation undisclosed. Meanwhile, Robinhood Chain's on-chain activity shows retail-scale demand for tokenized equities and on-chain instruments expanding in parallel. Payment rails and tokenized markets scaling simultaneously is the signature of on-chain finance moving from experiment toward routine plumbing.