Singapore Digital Payment Company DTCpay Secures $10 Million in Funding to Accelerate Compliance-Based Crypto Payment Expansion in Asia

Deep Tide TechFlow reports that on March 17, according to Financefeeds, Singapore-based digital payment company DTCpay has completed a $10 million funding round. The funds raised will be used to expand compliance-based crypto payment infrastructure in the Asian market. DTCpay holds a Major Payment Institution license issued by the Monetary Authority of Singapore (MAS). Its platform enables merchants to accept cryptocurrencies such as Bitcoin and Ethereum, and settles transactions in fiat currency through a near real-time conversion mechanism, thereby mitigating price volatility risks. DTCpay stated that the funds raised will primarily be allocated to the following areas: - **Compliance Capability Building**: Strengthening KYC (Know Your Customer) and anti-money laundering systems to meet multi-jurisdictional regulatory requirements for cross-border transactions. - **Product Development**: Optimizing merchant payment interfaces and backend settlement systems to enhance transaction processing speed and reduce costs. - **Regional Expansion**: Advancing business deployment in key Asian markets.