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⛓️ Crypto🟢 BullishImportance 5/10

dtcpay Raises $10M Series A to Fund European Expansion and Stablecoin Payment Growth

Blockonomi|Brenda Mary|
🤖AI Summary

dtcpay raised $10M in Series A funding led by Temasek-backed Vertex Ventures to expand into European markets and grow stablecoin payment services. The company secured a Luxembourg EMI license for regulated payment services across the EEA and already holds licenses in Singapore, Hong Kong, Australia, the US, and Canada.

Key Takeaways
  • dtcpay completed $10M Series A funding round led by Vertex Ventures Southeast Asia & India.
  • The company obtained a Luxembourg EMI license to provide regulated payment services across the European Economic Area.
  • dtcpay holds payment licenses across multiple jurisdictions including Singapore, Hong Kong, Australia, US, and Canada.
  • The funding will support European expansion and growth of stablecoin payment solutions.
  • A Visa partnership in Asia-Pacific provides users with enhanced payment access.
Read Original →via Blockonomi
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