Alibaba (BABA) Invests $35M in Singapore Stablecoin Firm MetaComp

TLDR

• Alibaba has backed Singapore-based MetaComp’s Pre-A+ funding round as part of a $35 million raise across two rounds in three months.
• MetaComp has processed over $10 billion in payments and OTC volume across 13+ stablecoins in 2025.
• The raise pushes MetaComp’s available liquidity past $100 million for cross-border settlement.
• MetaComp’s StableX Network will expand into Asia, the Middle East, Africa, and Latin America.
• Alibaba’s move comes despite mainland China’s tight restrictions on stablecoin issuance.

Alibaba’s backing of MetaComp is the latest sign of Chinese tech money finding its way into regulated stablecoin infrastructure outside the mainland — even as Beijing keeps a firm grip on crypto at home.

MetaComp, a Singapore-based platform that blends stablecoin and fiat payment infrastructure, said Friday it closed a Pre-A+ funding round with Alibaba as the lead backer. The round is part of a cumulative $35 million raise across two rounds completed in just three months.

Alibaba Group Holding Limited, BABA

European early-stage venture capital firm Spark Venture also joined the latest round. Beijing-based 100Summit Partners served as exclusive financial adviser.

The first round — a $22 million Pre-A — closed in December 2025. Investors in that round included Eastern Bell Capital, Noah, Sky9 Capital, Freshwave Fund, and Beingboom Capital.

MetaComp said the new capital pushes its total available liquidity past $100 million for cross-border settlement operations.

The company processed over $10 billion in payments and OTC volume across more than 13 stablecoins in 2025. It turned a full-year net profit that year too, which is not something many crypto-adjacent platforms can say.

What MetaComp Actually Does

Founded in 2018, MetaComp serves financial institutions and high-net-worth individuals. It offers hybrid fiat and stablecoin payment solutions alongside access to traditional and tokenized wealth management products.

Its MAS-licensed affiliate, Alpha Ladder Finance, manages over $500 million in assets for institutional clients.

The funding will go toward expanding the StableX Network — a blockchain-based platform that connects regulated financial institutions, stablecoin issuers, and other partners for real-time settlement.

The network is targeting expansion into Asia, the Middle East, Africa, and Latin America.

Co-president Tin Pei Ling described the company’s approach as “Web2.5 architecture” — where fiat rails and stablecoin networks run as one system rather than two separate tracks.

Traditional payment systems, she noted, are held back by multi-day settlement cycles and high costs, which is exactly the gap MetaComp is trying to close.

Alibaba’s Crypto Bet From the Outside

Alibaba’s participation is worth noting in context. Chinese companies face tight restrictions on stablecoin activity at home. In February 2026, the Chinese government reiterated that foreign and domestic companies cannot issue stablecoins pegged to the yuan without approval.

Yet Alibaba had previously been reported to be exploring deposit-token technology for use in overseas transactions — and this investment is consistent with that direction.

BABA stock was down 1.53% on Friday.

The stablecoin market overall is projected to hit $2 trillion by 2028, according to Standard Chartered and other institutions.

MetaComp’s raise is part of a broader wave of institutional capital flowing into cross-border stablecoin settlement platforms across Southeast Asia.

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