Alibaba Participates in MetaComp's $35M Stablecoin Platform Funding Initiative
With backing from Alibaba and Spark Venture in its Pre-A+ investment round, MetaComp has accumulated $35 million in total funding, targeting global expansion of its StableX Network infrastructure.
The Singapore-headquartered MetaComp announced on Friday the successful closure of a fresh investment round with participation from Alibaba, as the firm continues to build out its stablecoin-based payment infrastructure.
According to the company's announcement, MetaComp finalized a Pre-A+ investment round featuring Alibaba as a backer, pushing the combined fundraising total to $35 million across two separate rounds completed within a three-month timeframe.
Spark Venture, an early-stage venture capital firm based in Europe, also participated in this most recent funding round, while 100Summit Partners, headquartered in Beijing, acted as the exclusive financial adviser for the transaction.
In December 2025, MetaComp had previously disclosed the completion of a $22 million Pre-A funding round that drew investment from Eastern Bell Capital, Noah, Sky9 Capital, Freshwave Fund and Beingboom Capital.
This fundraising activity represents further evidence of growing investor appetite for regulated stablecoin infrastructure designed for cross-border payment applications throughout the Asian region.
MetaComp's StableX Network to expand worldwide
Established in 2018, MetaComp provides services to global financial institutions and high-net-worth individuals through hybrid payment solutions combining fiat and stablecoin capabilities, along with providing access to both traditional wealth management products and tokenized alternatives.
The newly acquired funds will be directed toward expanding MetaComp's StableX Network, a platform designed to link regulated financial institutions, stablecoin issuers and various partners via blockchain-powered infrastructure.
According to MetaComp, the network's expansion will target regions across Asia, the Middle East, Africa and Latin America, areas where the company identifies increasing demand for compliant, real-time settlement solutions for cross-border transactions.
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.
Tin Pei Ling, MetaComp co-president
Alibaba explores stablecoin projects despite China's crackdown on issuance
The participation of Alibaba in this funding round stands out as particularly significant in light of previous reports indicating the company had been investigating deposit-token technology for international transactions, all while mainland China maintains stringent restrictions on the issuance of stablecoins.
During February, Chinese government authorities restated their official position, clarifying that neither foreign nor domestic entities are permitted to issue stablecoins pegged to the national currency without obtaining proper approval.
Forecasts from institutions such as Standard Chartered project the stablecoin market will achieve a valuation of $2 trillion by 2028.