Singapore-based digital payment firm dtcpay has successfully raised $10 million in a Series A funding round, led by Vertex Ventures Southeast Asia & India, a Temasek-backed entity. The funds will be allocated to bolster dtcpay's infrastructure and support its strategic expansion into the European market. In a concurrent development, dtcpay has obtained an Electronic Money Institution (EMI) license in Luxembourg. This license enables the company to offer regulated stablecoin and fiat payment services across the European Economic Area (EEA), marking a significant step in its European growth strategy.