Trace Finance announced a $32 million Series A led by CoinFund, positioning the funding to focus on regulated banking and stablecoin payments infrastructure across Brazil, the United States, and emerging markets.
TL;DR
Trace Finance has raised $32 million in Series A led by CoinFund. The company is building a regulated infrastructure that connects local bank rails and stablecoin payments. Investors include Coinbase Ventures, Haun Ventures, Jump Crypto, Paxos, and more. The company's $10 billion throughput figure is self-reported and should be treated with caution.
Stablecoin Infrastructure Gains New Institutional Capital
Trace Finance has raised $32 million in a Series A round led by CoinFund, providing the cross-border payments company with fresh capital to expand its regulated stablecoin payments infrastructure in Brazil, the US, APAC, and other emerging markets. Coinbase Ventures, Haun Ventures, Jump Crypto, Valor Capital, Paxos, HOF Capital, Chainlink Labs, SNZ Capital, and strategic angel investors also participated in the round.
The raise comes as stablecoins are transitioning from crypto-native transaction rails to payments, treasury, and settlement use cases. For companies operating across markets such as Brazil and the United States, the appeal is simple. While stablecoins can move value quickly, businesses still require local banking connectivity, compliance workflows, exchange processing, and reliable fiat endpoints.
Why Trace is positioned as banking infrastructure
Trace does not promote stablecoins as standalone solutions. The company's message is that for stablecoins to be useful to businesses, a regulated local banking infrastructure is needed. This includes Pix connectivity in Brazil, local compliance operations, bank-level controls, and a payments rail that bridges fiat and digital dollars.
The company says its infrastructure has processed more than $10 billion in cross-border transaction volume. Because this number is self-reported, it should be treated as a company indicator and not independently audited market data. Still, the investor list suggests that major crypto and fintech backers see regulated stablecoin payments as a category worthy of funding.
Latin America remains an important stablecoin market
Latin America has become one of the most obvious real-world testing grounds for stablecoins. In markets with currency volatility, expensive cross-border transfers, and complex banking rails, dollar-linked tokens can provide a faster payment layer. Brazil is particularly important due to its combination of large payment volumes, Pix adoption, strict exchange rules, and a growing fintech ecosystem.
Trace said the U.S.-to-Brazil corridor is its testing ground, and there are now plans to expand the model internationally. Its expansion is important as stablecoin payment infrastructure becomes increasingly competitive. Exchanges, payment processors, banks, and fintech companies are all trying to decide who will manage the bridge between on-chain liquidity and local accounts.
Overall picture of stablecoins
The $32 million round is another sign that the stablecoin sector is maturing beyond simple issuance. The next layer is distribution and utilities. Who can connect tokens to payroll, vendor payments, treasury management, card networks, local banking systems, and regulated exchange operations?
Companies like Trace are trying to establish themselves there. The opportunities are great, but the challenge is operationalization. Stablecoin payments will only work for businesses if compliance, local licensing, counterparty controls, and banking relationships are strong enough to withstand real-world use. This round gives you even more room to bridge traces.
This article was written by Newsdesk and edited by Samuel Ray.
This report is based on information from Business Wire and Trace Finance. on business wire
