Trace Finance Secures $32M to Expand Stablecoin Infrastructure
- Trace Finance has raised $32 million in a Series A funding round led by Coinfund.
- The company has processed over $10 billion in cross-border volume, serving the top four global payment providers in Latin America.
- Notable investors include Coinbase Ventures, Haun Ventures, and strategic backers like Chainlink Labs.
- Trace aims to expand its regulated stablecoin infrastructure into the U.S., APAC, and other markets using the new capital.
Trace Finance connects global stablecoin liquidity with local bank infrastructure in high-growth markets, handling FX conversion and compliance for cross-border payments. The recent funding will support its expansion into new regions while enhancing its financial products and services.
With this investment, Trace is poised to deepen its banking and compliance infrastructure globally, leveraging its success in Brazil’s complex regulatory environment as a model for other regions. (Source)
