Singapore-based FinTech firm MetaComp has secured $35 million in funding, backed by Alibaba and Spark Venture, to expand its global stablecoin payment infrastructure. The investment will accelerate the rollout of MetaComp’s StableX network, which connects regulated financial institutions through blockchain-based settlement. This move highlights increasing institutional interest in stablecoins for cross-border payments, particularly in emerging markets across Asia, the Middle East, Africa, and Latin America.
MetaComp raised $35 million from Alibaba and other investors to grow its stablecoin payment infrastructure globally. Beijing-based 100 Summit Partners acted as the exclusive financial advisor for this transaction. The company plans to expand its StableX Network into emerging markets.
StableX is a blockchain-based platform linking regulated financial institutions and payment partners. MetaComp Co-President Tin Pei-Ling stated that StableX is based on the belief that the future of finance will be made up of the combination of traditional financial rails and blockchain networks. Pei-Ling described the vision as a “Web 2.5 Architecture.”
Major companies are investing in stablecoin infrastructure to offer efficient cross-border payment options. Alibaba has been studying deposit-token technology for international transactions. China’s central bank has detailed regulations for yuan-pegged stablecoin issuance.
Stablecoins are now being utilized beyond cryptocurrency trading platforms. Standard Chartered projects the global stablecoin market could reach approximately $2 trillion by 2028. This growth is attracting major institutional capital to the sector.
Alibaba’s investment signals rising institutional confidence in stablecoin payment infrastructure. The funding supports MetaComp’s goal of providing regulated gateways for traditional financial institutions to access blockchain settlement systems.
