TLDR

  • Singapore stablecoin platform MetaComp secured Pre-A+ funding led by Alibaba, completing a $35 million capital raise across two rounds within three months.
  • The platform handled more than $10 billion in payment and OTC transactions across 13+ stablecoins throughout 2025.
  • Total available liquidity for cross-border settlement operations now exceeds $100 million following the raise.
  • Expansion plans for MetaComp’s StableX Network target Asia, the Middle East, Africa, and Latin America.
  • The Chinese tech giant’s investment comes while mainland China maintains strict controls on stablecoin issuance.

Chinese technology capital continues flowing into regulated stablecoin infrastructure beyond mainland borders, with Alibaba’s backing of MetaComp representing the latest example — while Beijing maintains stringent cryptocurrency controls domestically.

The Singapore-based platform, which combines stablecoin and fiat payment infrastructure, announced Friday that Alibaba led its Pre-A+ funding round. This round forms part of a total $35 million raised across two separate funding events completed within a three-month period.


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Alibaba Group Holding Limited, BABA

Spark Venture, an early-stage European venture capital firm, participated in the most recent round. Beijing-headquartered 100Summit Partners acted as exclusive financial adviser.

The initial Pre-A round brought in $22 million and closed in December 2025. That earlier funding round featured participation from Eastern Bell Capital, Noah, Sky9 Capital, Freshwave Fund, and Beingboom Capital.

According to MetaComp, the fresh capital injection brings total available liquidity beyond $100 million for cross-border settlement operations.

The platform handled more than $10 billion in payments and OTC volume across over 13 different stablecoins during 2025. That same year, the company achieved full-year net profitability — a milestone many crypto-adjacent platforms have yet to reach.

What MetaComp Actually Does

Established in 2018, MetaComp caters to financial institutions and high-net-worth individuals. The company provides hybrid fiat and stablecoin payment solutions paired with access to both traditional and tokenized wealth management products.

Alpha Ladder Finance, its MAS-licensed affiliate, oversees more than $500 million in assets for institutional clients.

The raised funds will support expansion of the StableX Network — a blockchain-powered platform connecting regulated financial institutions, stablecoin issuers, and partner organizations for real-time settlement.

Geographic expansion focuses on markets throughout Asia, the Middle East, Africa, and Latin America.

Co-president Tin Pei Ling characterized the company’s infrastructure as “Web2.5 architecture” — where fiat payment rails and stablecoin networks operate as a unified system rather than separate platforms.

Legacy payment systems, she explained, suffer from multi-day settlement cycles and elevated costs, creating the precise opportunity MetaComp aims to address.

Alibaba’s Crypto Bet From the Outside

Alibaba’s involvement carries particular significance given the regulatory environment. Chinese companies operate under stringent restrictions regarding stablecoin activity domestically. In February 2026, the Chinese government reinforced that both foreign and domestic entities require approval before issuing yuan-pegged stablecoins.

Previous reports indicated Alibaba had been examining deposit-token technology for overseas transaction applications — making this investment a logical continuation of that strategic direction.

BABA stock declined 1.53% on Friday.

Industry projections from Standard Chartered and other institutions forecast the stablecoin market reaching $2 trillion by 2028.

MetaComp’s funding round reflects a larger trend of institutional capital entering cross-border stablecoin settlement platforms throughout Southeast Asia.