Singapore-based digital payments company dtcpay has completed a $25 million Series A funding round. Vertex Ventures led the initial financing, while SBI Group joined as a strategic investor to complete the round. The funding will support development of merchant payment and cross-border settlement services using stablecoins. Dtcpay is licensed in Singapore as a Major Payment Institution. The company targets businesses seeking faster cross-border settlement through blockchain rails without holding volatile crypto assets.
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