Alibaba Backs Singapore’s MetaComp to Scale Hybrid Stablecoin Payments

Chinese tech giant Alibaba has backed Singapore-based fintech company MetaComp in a $35 million funding round aimed at expanding infrastructure for hybrid fiat-and-stablecoin payment systems used in global cross-border transactions.

The investment was part of a Pre-A+ funding round that followed an earlier $22 million raise in late 2025, bringing MetaComp’s total funding over the past three months to $35 million. The round included participation from Spark Venture and other institutional investors, with advisory support from financial firm 100Summit Partners.

Building Hybrid Fiat–Stablecoin Payment Infrastructure

MetaComp is developing what it calls a “Web2.5” financial platform, a model designed to bridge traditional banking infrastructure with blockchain-based payment networks.

Its flagship StableX Network enables businesses and financial institutions to move money using either traditional fiat currencies or dollar-pegged stablecoins such as USDT and USDC. The system allows near-instant settlement and lower transaction costs compared with legacy cross-border banking systems that often take several days to process payments.

The company plans to use the new funding to expand the network across Asia, the Middle East, Africa, and Latin America, regions where demand for faster cross-border payment infrastructure continues to grow.

A Regulated Crypto Payments Platform

One of MetaComp’s distinguishing features is its regulatory status. Through its affiliate Alpha Ladder Finance, the company holds licenses from the Monetary Authority of Singapore (MAS) that allow it to provide digital payment token services and operate regulated crypto-related financial products.

This regulatory framework allows MetaComp to combine multiple financial services on one platform, including:

• Cross-border payments

• Stablecoin settlement services

• Tokenized investment and wealth management products

• Institutional treasury management tools

The company reported over $10 billion in payments and over-the-counter trading volume in 2025, supporting transactions across more than 13 stablecoins.

Stablecoins Becoming Core Financial Infrastructure

Alibaba’s investment highlights growing institutional interest in stablecoin-based payment networks, particularly in Asia where cross-border commerce remains heavily dependent on slow and expensive banking systems.

Even though mainland China maintains strict restrictions on cryptocy trading, Alibaba’s involvement suggests that major Chinese technology firms are increasingly exploring regulated digital asset infrastructure outside China.