Singapore’s MetaComp said on Friday it has raised a new round of funding backed by Alibaba as the company expands its robust payments infrastructure.
According to the announcement, MetaComp has closed a Pre-A+ round backed by Alibaba, bringing the total of the two rounds to $35 million in three months.
The latest round also saw European venture capital investor Spark Venture with Beijing-based 100Summit Partners serving as exclusive financial advisor.
MetaComp previously announced that it will close a $22 million Pre-A funding round in December 2025 from investors including Eastern Bell Capital, Noah, Sky9 Capital, Freshwave Fund and Beingboom Capital.
The rise adds to signs of investor interest in a robust regulatory infrastructure for cross-border payments in Asia.
StableX MetaComp network for worldwide expansion
Founded in 2018, MetaComp serves global financial institutions and high net worth individuals by providing hybrid fiat and stablecoin solutions and access to traditional and tokenized wealth management products.
With the new capital, MetaComp plans to expand its StableX Network, a platform that connects regulated financial institutions, stablecoin issuers and other partners through a blockchain-based infrastructure.
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MetaComp said the network will expand across Asia, the Middle East, Africa and Latin America, where there is a growing demand for cross-border compliance and real-time solutions.
“MetaComp was built on a single belief: the future of cross-border finance is neither purely traditional nor purely digital – it is a unified Web2.5 architecture where fiat rails and stablecoin networks work as one,” said MetaComp co-chairman Tin Pei Ling.
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Alibaba’s support is notable given earlier reports that the company is exploring deposit technology for foreign transactions, even as mainland China maintains strict limits on stablecoin issuance.
In February, the government reiterated its position, saying that foreign and domestic companies could not issue stable currency in the national currency without approval.
According to institutions including Standard Chartered, the stablecoin market will reach $2 trillion by 2028.
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