Singapore-based fintech firm MetaComp said Friday it has completed a new funding round backed by Alibaba as it expands infrastructure for stablecoin-based cross-border payments. The company raised $35 million in a Pre-A+ funding round , bringing the cumulative capital raised across two rounds over the past three months to that amount, according to an announcement. The latest investment round included participation from European early-stage venture capital investor Spark Venture. Beijing-based 100Summit Partners served as the exclusive financial adviser for the transaction. MetaComp had previously announced closing a $22 million Pre-A funding round in December 2025. That earlier round included investors such as Eastern Bell Capital, Noah, Sky9 Capital, Freshwave Fund and Beingboom Capital. The funding highlights growing investor interest in regulated stablecoin infrastructure, particularly in Asia, where financial institutions are increasingly exploring blockchain-based payment solutions. The deal also represents one of the largest institutional investments in stablecoin payment infrastructure in Asia this year. MetaComp reportedly processed more than $10 billion in payments and over-the-counter trading volume across more than 13 stablecoins in 2025. StableX Network expansion targets global cross-border payments Founded in 2018, MetaComp provides financial services for global institutions and high-net-worth individuals through hybrid fiat and stablecoin payment solutions. The company also offers access to traditional and tokenized wealth management products. Following the latest funding round, MetaComp plans to accelerate the expansion of its StableX Network. The platform connects regulated financial institutions, stablecoin issuers and other partners using blockchain-based infrastructure. The company said the network will expand across Asia, the Middle East, Africa and Latin America. These regions have seen increasing demand for faster and more compliant cross-border settlement systems. MetaComp said traditional payment rails often require multiple days to settle transactions and involve higher costs, factors that blockchain-based infrastructure aims to address. “MetaComp was built on a single conviction: that the future of cross-border finance is neither purely traditional nor purely digital — it's the integrated Web2.5 architecture where fiat rails and stablecoin networks operate as one,” MetaComp co-president Tin Pei Ling said. The company’s expansion plans also build on its regulated financial services operations. Its Monetary Authority of Singapore (MAS)-licensed affiliate, Alpha Ladder Finance, manages more than $500 million in wealth assets for institutional clients. The funding round raises MetaComp’s available liquidity for cross-border settlement operations to more than $100 million. Alibaba investment highlights stablecoin interest in Asia Alibaba’s participation in the funding round is notable given the complex regulatory environment surrounding stablecoins in mainland China. Earlier reports suggested that the technology company had been exploring deposit-token technology for overseas transactions, even as China maintains strict restrictions on stablecoin issuance. In February, Chinese authorities reiterated that both domestic and foreign companies cannot issue stablecoins pegged to the national currency without official approval. Despite those restrictions, interest in stablecoin-based financial infrastructure continues to grow globally. Financial institutions increasingly view stablecoins as a way to improve cross-border payments, reduce settlement times and lower transaction costs. The global stablecoin market is projected to reach $2 trillion by 2028, according to forecasts from institutions including Standard Chartered. The post Alibaba backs $35M MetaComp raise for stablecoin payments appeared first on Invezz
