Singapore-based MetaComp announced Friday that it has secured new funding backed by Alibaba, as the firm continues expanding its stablecoin payment infrastructure.
The company said it completed a Pre-A+ funding round, with Alibaba among the investors, bringing the total capital raised to $35 million across two funding rounds within three months.
The latest round also included participation from Spark Venture, while 100Summit Partners served as the exclusive financial adviser for the deal.
Previously, MetaComp closed a $22 million Pre-A funding round in December 2025, attracting investors such as Eastern Bell Capital, Noah, Sky9 Capital, Freshwave Fund, and Beingboom Capital.
The funding reflects growing investor interest in regulated stablecoin infrastructure, particularly for cross-border payment systems in Asia.
StableX Network set for global expansion
Founded in 2018, MetaComp provides services to global financial institutions and high-net-worth individuals, offering hybrid payment solutions that combine traditional fiat systems with stablecoins, as well as access to both conventional and tokenized wealth management products.
With the newly raised capital, the company plans to expand its StableX Network, a platform designed to connect regulated financial institutions, stablecoin issuers and other partners through blockchain-based infrastructure.
MetaComp said the network will expand into Asia, the Middle East, Africa and Latin America, regions where the company sees increasing demand for compliant, real-time cross-border settlement solutions.
“MetaComp was built on a single conviction: the future of cross-border finance will not be purely traditional or purely digital,” said Tin Pei Ling. “Instead, it will rely on an integrated Web2.5 architecture, where traditional fiat payment rails and stablecoin networks operate together.”
Alibaba explores stablecoins despite China’s restrictions
The participation of Alibaba in the funding round is notable, as earlier reports indicated the firm has been exploring deposit-token technologies for international transactions, even while China maintains strict controls over stablecoin issuance.
In February, Chinese authorities reaffirmed that both domestic and foreign companies cannot issue stablecoins pegged to the national currency without regulatory approval.
Despite regulatory caution in China, the broader stablecoin sector is expected to expand significantly. Financial institutions including Standard Chartered project the stablecoin market could grow to around $2 trillion by 2028.
