Investor appetite for regulated stablecoin infrastructure in Asia has been building steadily, making Alibaba‘s latest move a clear signal of where major capital is placing its bets on cross-border payments.
MetaComp, a Singapore-based stablecoin payment infrastructure firm, announced Friday the completion of a Pre-A+ funding round backed by Alibaba and European early-stage investor Spark Venture. The round brings the company’s cumulative fundraising total to $35 million across two rounds completed within three months. Beijing-based 100Summit Partners served as exclusive financial adviser on the deal.
The latest raise follows a $22 million Pre-A round that closed in December 2025, which drew participation from Eastern Bell Capital, Noah, Sky9 Capital, Freshwave Fund and Beingboom Capital.
What MetaComp Actually Does
Founded in 2018, the firm serves global financial institutions and high-net-worth individuals. Its offering spans hybrid fiat and stablecoin payment solutions alongside access to both traditional and tokenized wealth management products. The company describes its approach through what co-president Tin Pei Ling called a “Web2.5 architecture.”
“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,” Tin said, according to the announcement.
The new capital will go toward expanding the company’s StableX Network, a blockchain-based platform connecting regulated financial institutions, stablecoin issuers and other partners. The firm says it sees growing demand for compliant, real-time cross-border settlement across Asia, the Middle East, Africa and Latin America.
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Alibaba’s Position in a Restricted Market
The Chinese technology giant’s participation carries a particular dimension. Earlier reports indicated Alibaba had been exploring deposit-token technology for overseas transactions, even as mainland China maintained tight controls on stablecoin issuance. In February, the Chinese government reiterated that foreign and domestic companies cannot issue stablecoins pegged to the national currency without official approval.
That regulatory environment makes the company’s backing of an offshore stablecoin infrastructure play — rather than a domestic issuance project — a calculated position. The distinction between what is restricted onshore and what is pursued through international vehicles matters here.
The broader market context adds weight to the round. The stablecoin market is projected to reach $2 trillion by 2028, according to institutions including Standard Chartered.
With funding secured, MetaComp‘s stated next step is the global expansion of the StableX Network across the regions it has identified as high-demand corridors for cross-border settlement.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial or investment advice.
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