Singapore-based stablecoin payments firm dtcpay has raised $25 million in a Series A round featuring a strategic investment from Japan’s SBI Group.

Vertex Ventures Southeast Asia & India initially anchored the funding round earlier this year. SBI participated through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. Existing investors Genedant Capital and Kwee Liong Tek also continued to back the company.

dtcpay provides services for converting and holding stablecoin assets and offers a Visa-linked card that enables users to spend stablecoins. The company holds a Major Payment Institution license from the Monetary Authority of Singapore and has established regulatory operations in Europe, Hong Kong, Australia and North America.

The investment gives SBI another foothold in stablecoin and digital-payment infrastructure while potentially strengthening financial connections between Japan and Southeast Asia. Regulated stablecoin payment systems can provide businesses with an alternative to traditional correspondent banking arrangements for cross-border transactions.

“We did not raise this round to sustain what we have built,” dtcpay founder and CEO Alice Liu said. “We raised it to fundamentally change how money moves across borders.”

SBI has been expanding its presence in the digital-asset sector through several investments. The group acquired Singapore-based crypto exchange Coinhako and has a multibillion-dollar investment in Ripple aimed at supporting the distribution of its RLUSD stablecoin.

SBI is also a founding validator of Circle’s Arc network, adding to its involvement in blockchain-based financial infrastructure.

dtcpay said it will direct the new capital toward an enterprise portal, additional app features and expansion of its merchant network.

The company has not disclosed its current valuation, revenue figures or a detailed breakdown of how the $25 million will be spent.