Digital Asset Clearing Center (DACC.HK) has raised US$10 million in new funding to expand its tokenized finance infrastructure, targeting the US$214 trillion global cross-border payments market. The round was led by Conflux, Transaction Technologies Limited (TTL) and Global InfoTech, alongside several publicly listed companies and international funds.
Focus on cross-border payments inefficiencies
DACC is positioning its platform as a remedy for long settlement times, high fees and complex data reconciliation in traditional bank transfers. The company says its “clearing-as-a-service” model is designed for financial institutions that want faster, regulated cross-border settlement.
The platform integrates with:
- Cross-Border Interbank Payment System (CIPS)
- Multiple blockchain networks
- Compliance and monitoring tools
This setup is intended to provide end-to-end clearing and settlement across jurisdictions, while remaining aligned with regulatory standards.
Strategy: bridge between Hong Kong, mainland China and global markets
Co-founder and chairwoman Wei said DACC aims to build a compliance-ready infrastructure that can bring tokenized and digital assets into global capital markets.
The firm’s core strategy is to:
- Link Hong Kong with mainland China through its settlement and clearing network
- Enable international scalability via connections to major payment and banking systems
- Operate within a regulated framework that can accommodate tokenized assets
Li, a DACC director and former regional head of Swift, said the company is using Hong Kong’s regulatory regime and financial depth as a base, ahead of the anticipated Securities and Futures Commission (SFC) virtual asset custody license.
Investor lineup and roles
The funding round includes:
- Conflux
- Transaction Technologies Limited (TTL)
- Kingdom Limited (600446.SH)
- Global InfoTech (300465.SZ)
- Fosun International Limited (656.HK)
- Blockstone
- Avior Capital
- Fintech World
- Satoshi Ventures
- BridgeTower
Each major backer is expected to support a different part of the build-out:
- Conflux is providing blockchain infrastructure to enable full tokenization capabilities.
- TTL focuses on integrating regulated banks and broker-dealers, linking traditional finance with digital assets.
- Global InfoTech supplies systems to connect DACC with mainland Chinese payment networks.
Product offering: tokenized rails with compliance
DACC operates an open banking-style model that offers:
- Payment infrastructure using stablecoins and tokenized deposits
- Compliance with know-your-customer (KYC) and anti-money laundering (AML) requirements
- Connectivity between distributed ledger wallets, banks and exchanges
The company’s infrastructure covers custody, record-keeping and regulated token transactions. The aim is to modernize cross-border markets through tokenized asset integration and digital compliance frameworks, while maintaining compatibility with existing interbank systems.
Market context: targeting a US$194.6 trillion payments flow
The new capital comes as DACC targets structural issues in cross-border payments, a market estimated at US$194.6 trillion in 2024 and central to global trade.
DACC’s model is built around:
- Replacing parts of the legacy correspondent banking system, which often produces multi-day settlement times
- Using stablecoins and tokenized deposits as the core transfer mechanism
- Integrating directly with established infrastructures such as CIPS and banking networks
According to the company, this approach seeks to deliver regulated, faster and cheaper value transfer across borders.
Rising adoption of tokenization and stablecoins
DACC’s expansion aligns with broader institutional moves into tokenized finance:
- Around 90% of financial firms are already active in stablecoins or tokenized deposits, with combined transaction volumes exceeding US$27.6 trillion in 2024.
- The tokenization of real-world assets reached more than US$24 billion in value by February 2026.
In Hong Kong specifically, Financial Secretary Paul Chan has said that by the end of 2025, local banks held over US$14 billion in digital assets under custody, a year-on-year increase of about 180%. That growth suggests rising institutional use of regulated digital-asset services.
Regulatory backdrop in Hong Kong
Hong Kong is preparing a comprehensive legislative bill, expected in 2026, to license virtual asset dealing and custody services. DACC’s strategy hinges on operating under this formalized regulatory framework.
Key developments to watch include:
- Progress of amendments to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance in the Legislative Council
- The rollout and scope of the SFC virtual asset custody license
- How these rules shape operational, reporting and capital requirements for platforms like DACC
Li indicated that a clearly defined supervisory regime is becoming a prerequisite for institutional participation in tokenized markets.
What market participants will be watching
Traders and other market participants will monitor how DACC performs with early institutional clients, particularly on:
- Settlement speed versus traditional correspondent banking rails
- Measurable cost reductions for cross-border transfers
- Reliability and resilience of tokenized payment infrastructure under regulatory constraints
A late 2025 survey showed that 41% of organizations already using stablecoins reported at least a 10% reduction in payment costs. That figure now serves as a reference point for judging whether new platforms like DACC can deliver comparable or better efficiency gains at scale.
For deeper insight into tokenized finance and regulation, explore our guide on digital assets and why they matter today.
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