Singapore’s Dtcpay raises $10m to scale stablecoin payments

Singapore-based Dtcpay said it raised US$10 million in a series A led by Vertex Ventures Southeast Asia & India.

The startup secured an Electronic Money Institution licence in Luxembourg to expand regulated payment services across the European Economic Area.

It builds stablecoin payment infrastructure for businesses and consumers.

Dtcpay partnered with Visa to offer cards that link digital and traditional finance.

Its platform supports real-time settlement between stablecoins and fiat currencies.

The moves come as regulators tighten rules for digital assets and payments firms face greater compliance demands.

🔗 Source: dtcpay

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Europe came through a sequence of approvals, not a quick win.
The process started with membership in the Luxembourg House of Financial Technology (an industry association for Luxembourg’s financial-services ecosystem) in November 2024. It then received a preliminary “Green Light Letter” in July 2025, before its Luxembourg subsidiary gained an Electronic Money Institution (EMI) license that took effect on 29 October 2025 1.
Singapore followed a similar route. Digital Treasures Center (DTC) secured a Major Payment Institution license from the Monetary Authority of Singapore, in force from 1 August 2022 2.
Its rollout stays narrow. dtcpay has said it focuses on luxury retail and hospitality, while the Visa partnership began with a soft launch of the dtcpay Visa Infinite Card for ultra-high-net-worth individuals 3 4.

With the Luxembourg EMI approval, dtcpay can offer regulated payment services across 30 European Economic Area (EEA) countries, reaching over 450 million consumers and businesses 5.
It is building out the stack through Primer, a payments infrastructure firm, plus WalletConnect, a wallet connectivity layer, to support wider stablecoin payment use cases 3 6.
Visa said monthly stablecoin settlement volume reached a $3.5 billion annualized run rate as of Nov. 30, 2025 7.
Dtcpay converts digital currencies such as stablecoins into fiat currencies to fund card spending. Purchases run through Visa’s network, so merchants do not need to accept crypto directly 4.