Key Highlights Stablecoin payments infrastructure firm dtcpay has formally closed a $25 million Series A round with strategic participation from Japan’s SBI Group. The round was initially anchored by Vertex Ventures Southeast Asia & India, with SBI entering via SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. Dtcpay holds a Major Payment Institution license ...
Crypto exchange Gemini has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), finalizing a regulatory process that began with in-principle approval nearly two years ago. License Details and Regulatory Scope The license was granted to Gemini Digital Payments Singapore, the exchange’s locally incorporated entity. According to the MAS Financial ...
Circle Agrees to Acquire Tazapay for $400 Million in All-Stock Deal Circle has agreed to acquire Singapore-based payments company Tazapay for $400 million in an all-stock transaction, according to a September 8 announcement and accompanying U.S. regulatory filing. The acquisition is expected to close in 2027, subject to customary conditions and regulatory approvals, including clearance ...
Singapore’s Monetary Authority of Singapore (MAS) has reaffirmed that stablecoins may be used for payments but should not be marketed to the public as investment…