MetaComp raises $35M with Alibaba backing to build stablecoin rails for Asian cross-border trade

A Singapore payments company has secured $35 million from two funding rounds in three months, with Chinese tech giant Alibaba among its backers, as it bets on stablecoin-powered settlement rails becoming the backbone of cross-border trade in Asia.

MetaComp, which describes itself as a hybrid fiat-and-crypto financial platform, closed a Pre-A+ round with participation from Alibaba and Spark Venture.

This followed a $22 million Pre-A round that wrapped up in December 2025, drawing in Eastern Bell Capital, Noah, Sky9 Capital, Freshwave Fund, and Beingboom Capital. Investment bank 100Summit Partners advised on both deals.

Alibaba’s role in the investment is being widely watched by the industry. Despite domestic restrictions on stablecoin operations in mainland China, Alibaba’s participation supports the usage of authorized offshore stablecoin rails and sends a strong message to other Chinese companies and investors.

The step implies that large Chinese internet corporations are considering regulating stablecoin infrastructure in other countries, despite Beijing’s ongoing limitations on stablecoin activities on the mainland.

The agreement is regarded as one of Asia’s largest institutional pledges to stablecoin payment infrastructure this year.

MetaComp’s available liquidity for cross-border settlement activities now exceeds $100 million, thanks to the new funding.

According to the company, it processed over $10 billion in payments and over-the-counter transactions across more than 13 stablecoins in 2025, turning a full-year net profit with monthly throughput over $1 billion.

Geopolitics driving demand

Retail clients are not served by MetaComp. Businesses are its main target, particularly institutional clients whose global supply chains require quicker settlement than conventional banks can offer.

By utilizing stablecoins, MetaComp assists in avoiding conventional banking obstacles that frequently impede Asian trade flows, including lengthy settlement cycles, exorbitant fees, and limitations on currency availability.

The current state of the world is sufficient justification for this haste, according to co-president Tin Pei Ling.

She added that stablecoins provide “almost instantaneous settlement” when access to US dollars becomes more difficult.

Chairman and co-founder Dr. Bai Bo believes MetaComp can grow to the scale of Ant Group in China or Revolut in Europe, though he was clear that the company has no plans to become a licensed bank, unlike Revolut, which holds banking licences in Europe and the UK.

Building the infrastructure

The company holds a Major Payment Institution licence from Singapore’s Monetary Authority of Singapore for digital payment tokens and cross-border money transfers. Its affiliate, Alpha Ladder Finance, holds Capital Markets Services and Recognised Market Operator licences.

Together, the two entities allow MetaComp to offer clients end-to-end service, managing over $500 million in wealth assets for more than 1,000 institutional and accredited clients.

At the core of its offering is the StableX Network, which converts fiat currency into stablecoins in under three seconds. A compliance tool called VisionX runs alongside it to track risk.

MetaComp mainly focuses on businesses that export items from Asia to international markets. Although it only works with companies doing business outside of China in accordance with local regulations, a significant percentage of its clientele are Chinese companies doing business abroad.

MetaComp intends to expand the StableX network throughout Latin America, Africa, and the Middle East with the additional funding. In order to facilitate automated payment and wealth services powered by artificial intelligence, it is also developing what it refers to as an Agent-Skills-MCP architecture, a model based on the Model Context Protocol standard.

Tin Pei Ling summarised the company’s position: “Traditional payment systems remain constrained by multi-day settlement cycles, high costs, and limited currency coverage, and that gap is exactly what we were founded to solve.”

By 2028, the stablecoin market is expected to grow to $2 trillion, and MetaComp is setting itself up to become a major infrastructure supplier in Asia and beyond.

If MetaComp becomes a major, regulated player, strong network effects might accelerate the adoption of stablecoins throughout the region as more businesses join the ecosystem.

If you're reading this, you’re already ahead. Stay there with our newsletter.