Singapore's MetaComp Raises $22M for Stablecoin Payment Network
MetaComp, a Singapore-licensed stablecoin payments provider, has raised $22 million in a pre-Series A funding round to scale its cross-border settlement infrastructure across Asia.
The round was backed by Eastern Bell Capital, Noah, Sky9 Capital, Freshwave Fund and Beingboom Capital, with 100Summit Partners serving as financial advisor.
MetaComp holds a Major Payment Institution license from the Monetary Authority of Singapore (MAS) and processes over $1 billion in monthly payment volume across more than 30 markets, according to the announcement on Tuesday. The company launched its StableX Network in November, combining its payment engine with VisionX risk-intelligence technology.
The StableX system supports both traditional Swift rails and multiple stablecoin networks, including USDT, USDC, RLUSD, FDUSD, PYUSD and WUSD. The platform provides 24/7 foreign exchange execution, routing optimization and automated liquidity management for business-to-business flows.
Tin Pei Ling, co-president of MetaComp, said increasing regulatory clarity around stablecoins has enabled enterprises to modernize settlement processes. The company will use the funding to expand StableX across Southeast Asia, South Asia and the Middle East.
MetaComp operates alongside parent company Alpha Ladder Finance, which holds Capital Markets Services and Recognised Market Operator licenses from MAS. The combined structure provides treasury management services that bridge traditional finance with digital assets.
Ayrıca Şunları da Beğenebilirsiniz
CEO Sandeep Nailwal Shared Highlights About RWA on Polygon
Tether Makes a Bold Bid to Acquire Juventus and Invest €1 Billion
