Alibaba-Backed MetaComp Closes $35M in Three Months as Stablecoin Infrastructure Race Heats Up

Singapore's MetaComp has completed a Pre-A+ funding round backed by Alibaba and Spark Venture, bringing total capital raised to $35 million across two rounds in just three months.

The announcement, made today, follows a $22 million Pre-A round closed in December 2025 that drew Eastern Bell Capital, Noah, Sky9 Capital, Freshwave Fund, and Beingboom Capital. 100Summit Partners advised on both rounds.

Alibaba's entry as a backer in the latest round is the headline. Bo Bai, C]chairman and co-founder of MetaComp, said that Alibaba's investment will help the company scale its global infrastructure. The combined raise brings MetaComp's immediately available liquidity, including operating cash flows and other capital sources, to over $100 million.

The raise arrives as the broader stablecoin infrastructure sector attracts intensifying institutional interest. Stablecoin payments are entering what investors describe as a structural growth phase, with regulated settlement increasingly seen as one of Asia's defining financial rails for the decade ahead.

The fresh capital will fund two priorities: geographic expansion and AI development, the company said. MetaComp plans to extend its StableX Network into high-growth corridors across the Middle East, Africa, and Latin America, while also building out an Agent-Skills-MCP (Model Context Protocol) architecture to support AI-driven payment and wealth services. The company will also deepen its footprint in Southeast Asia and South Asia.

MetaComp targets clients with global aspirations managing outbound trade from Asia into emerging markets — a significant portion of which originates from China, though the firm serves only international outbound Chinese businesses in compliance with Beijing's domestic cryptocurrency restrictions.

MetaComp's proposition is built around being neither purely crypto-native nor a legacy financial institution retrofitting blockchain capabilities. Co-president Tin Pei Ling has described this positioning as a structural advantage: the firm built its core banking and compliance tools from scratch, given that no existing software could handle fiat and stablecoins simultaneously at launch. At the heart of the platform is the StableX Network, which facilitates real-time fiat-to-stablecoin conversions in under three seconds, while a companion compliance engine called VisionX monitors risk across both traditional financial databases and blockchain ledgers.

In 2025, the group processed over $10 billion in payments and over-the-counter volume across over 13 stablecoins, running at a monthly throughput of more than $1 billion. Its client asset management platform accounts for over $500 million in wealth assets across more than 1,000 institutional and accredited clients. The company turned profitable for the full year in 2025.

MetaComp holds a Major Payment Institution licence from the Monetary Authority of Singapore for Digital Payment Token and Cross-Border Money Transfer services. Its affiliate Alpha Ladder Finance holds Capital Markets Services and Recognised Market Operator licences, enabling the group to offer securities and tokenised asset products alongside its payments infrastructure.