According to Business Times, Singapore's encrypted payment provider dtcpay (formerly Digital Treasures Center) has completed a $16.5 million Pre-A round of financing, led by Guo Liangde, chairman of Singapore's Pontiac Land, and participated by David Tung, former managing director and partner of Carlyle Group, Jean-Marc Poullet, chairman of Burgess Asia, and Tham Sai Choy, former chairman of KPMG Singapore and Asia Pacific. The funds from this round of financing will be used for product development, strengthening its operational and infrastructure capabilities, and expanding its global influence.