Singapore’s MetaComp Pte Ltd has successfully raised US$22m in a Pre-A funding round to scale its Web2.5 fiat/stablecoin hybrid payment network, StableX, aimed at facilitating cross-border payments. This significant funding, one of the largest for a Singapore-licensed stablecoin payments provider this year, comes as the region increasingly adopts regulated stablecoin settlements.
The funding round was supported by prominent investors including Eastern Bell Capital, Noah, Sky9 Capital, Freshwave Fund, and Beingboom Capital, with 100Summit Partners serving as the exclusive financial adviser. The investment will enable MetaComp to expand its StableX Network across Southeast Asia, South Asia, and the Middle East, regions where demand for compliant, high-speed settlement infrastructure is growing.
Co-President of MetaComp, Tin Pei Ling, highlighted the importance of regulatory clarity around stablecoins, stating, “Our volumes now exceeding US$1b a month across more than 30 markets show that businesses want real-time payments that combine speed with compliance.”
MetaComp’s StableX Network, launched in November, integrates the StableX Engine for FX and liquidity with the VisionX Engine for compliance, providing a real-time cross-border settlement layer. This infrastructure supports over 10 leading stablecoins and aims to enhance the speed and transparency of transactions.
The funds will also bolster MetaComp’s technology development and global market expansion, positioning the company as a leader in Web2.5 financial solutions. As Ron Cao, Founder and Partner of Sky9 Capital, noted, “MetaComp has secured an advantageous position in the structural growth phase of stablecoin payments.”
With this strategic investment, MetaComp is set to play a pivotal role in the advancement of digital finance across Asia and beyond.
