Alibaba Backs MetaComp in $35M Stablecoin Raise

MetaComp, the Singapore-based stablecoin payment infrastructure company, closed a Pre-A+ funding round backed by Chinese tech giant Alibaba — pushing total capital raised to $35 million across two rounds in just three months, and raising some pointed questions about what Alibaba is actually buying into here.

Two Rounds, Three Months, $35M Total

The Pre-A+ round features Alibaba alongside European early-stage VC Spark Venture, with Beijing-based 100Summit Partners acting as exclusive financial adviser. It follows a $22 million Pre-A that closed in December 2025, backed by Eastern Bell Capital, Noah, Sky9 Capital, Freshwave Fund, and Beingboom Capital.

That is a lot of money moving fast into regulated stablecoin rails — and the investor list keeps getting more interesting.

What Is MetaComp Actually Building?

What does MetaComp's StableX Network do?

Founded in 2018, MetaComp targets global financial institutions and high-net-worth individuals with hybrid fiat-and-stablecoin payment solutions and access to traditional and tokenized wealth management products. The company calls this approach a 'Web2.5 architecture' — not fully on-chain, not purely legacy rails, but a blend of both.

The new capital goes toward expanding the StableX Network — MetaComp's blockchain-based platform connecting regulated financial institutions, stablecoin issuers, and partner entities across Asia, the Middle East, Africa, and Latin America, where demand for compliant real-time cross-border settlement is growing fast.

MetaComp was built on a single conviction: that the future of cross-border finance is neither purely traditional nor purely digital — it's the integrated Web2.5 architecture where fiat rails and stablecoin networks operate as one.

Why Does Alibaba's Involvement Matter?

Here is the part worth sitting with. Alibaba has been quietly exploring deposit-token technology for overseas transactions — all while Beijing maintains a hard ban on stablecoin issuance at home. As recently as February 2026, the Chinese government reiterated that neither foreign nor domestic companies can issue yuan-pegged stablecoins without explicit approval.

So Alibaba backs a Singapore company with stablecoin plumbing. Call it regulatory arbitrage dressed up as a venture bet. Alibaba gets stablecoin infrastructure exposure without touching anything Beijing hasn't cleared — a clean workaround, if an obvious one. The stablecoin market is projected to reach $2 trillion by 2028, according to Standard Chartered. Alibaba is not about to sit that out.

Does This Signal a Policy Shift in China?

Probably not. Beijing's line on RMB-pegged stablecoins hasn't softened. But it does tell you something about where large Chinese tech players think the money flows next — and MetaComp's back-to-back raises make that case better than any pitch deck could.