Alibaba Backs MetaComp in $35M Stablecoin Funding Round

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Alibaba backed MetaComp’s Pre-A+ funding round, bringing total funds raised to $35 million in three months.
MetaComp previously secured $22 million in a December 2025 Pre-A round from multiple investors.
Spark Venture joined the latest round, and 100Summit Partners acted as exclusive financial adviser.
MetaComp will use the new capital to expand its StableX Network for cross-border settlements.
The company plans to grow operations across Asia, the Middle East, Africa, and Latin America.

Singapore-based MetaComp has secured $35 million across two funding rounds within three months. The company confirmed that Alibaba backed its latest Pre-A+ raise. The funding will support the expansion of its stablecoin payment infrastructure across several regions.

Alibaba Backs MetaComp’s $35M Capital Raise

MetaComp completed a Pre-A+ round with backing from Alibaba and other investors. The company raised fresh capital and brought its cumulative total to $35 million. Spark Venture joined the round, while 100Summit Partners acted as exclusive financial adviser.

Earlier, MetaComp closed a $22 million Pre-A round in December 2025. Eastern Bell Capital, Noah, Sky9 Capital, Freshwave Fund, and Beingboom Capital participated in that raise. The company confirmed that both rounds closed within three months.

MetaComp said the new capital will fund the expansion of its StableX Network. The platform connects regulated institutions, stablecoin issuers, and partners through blockchain infrastructure. The company aims to increase real-time cross-border settlement services.

The firm stated that it will extend operations across Asia, the Middle East, Africa, and Latin America. It said these regions show rising demand for compliant cross-border payments. The company will focus on regulated financial institutions and high-net-worth clients.

Founded in 2018, MetaComp offers hybrid fiat and stablecoin payment solutions. It also provides access to traditional and tokenized wealth management products. The company operates under regulatory frameworks in Singapore.

Stablecoin Plans Advance as China Maintains Restrictions

Alibaba’s participation comes as China maintains strict controls on stablecoin issuance. In February, authorities reiterated that companies cannot issue yuan-pegged stablecoins without approval. The policy applies to both domestic and foreign firms.

Reports earlier indicated that Alibaba explored deposit-token technology for overseas transactions. The company has not announced any yuan-pegged stablecoin issuance. However, it continues to study blockchain-based payment systems.

MetaComp co-president Tin Pei Ling outlined the company’s strategy. She said, “MetaComp was built on a single conviction that cross-border finance requires an integrated Web2.5 architecture.” She added that fiat rails and stablecoin networks must operate together.

The company stated that StableX Network links traditional finance and blockchain systems. It said the network supports regulated settlement channels. The platform aims to improve transaction speed and transparency.

Institutions project rapid growth for the stablecoin market. Standard Chartered estimates the market could reach $2 trillion by 2028. MetaComp confirmed that it will deploy the new capital to scale infrastructure and partnerships.

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