Trace Finance Raises $32M Series A Led by CoinFund to Scale Regulated Banking and Stablecoin Infrastructure Across Brazil, U.S. and Emerging Markets

Trace Finance Raises $32M Series A Led by CoinFund to Scale Regulated Banking and Stablecoin Infrastructure Across Brazil, U.S. and Emerging Markets

With more than US$10B in cross-border volume processed, Trace Finance is expanding the regulated infrastructure connecting emerging-market financial systems to global stablecoin settlement — as new rules move institutional flows onto bank rails.

Trace Finance, a regulated financial infrastructure company for cross-border payments and stablecoin settlement, today announced a $32 million Series A led by CoinFund, with participation from Coinbase Ventures, Haun Ventures, Jump Crypto, Valor Capital, Paxos, HOF Capital and others. The funding will support Trace's expansion as it scales transaction capacity and extends its regulated infrastructure across additional high-growth corridors globally.

Connecting the U.S. to Brazil was the proving ground for Trace's broader vision. Brazil, one of the top five countries globally for stablecoin infrastructure concentration, has classified virtual asset cross-border flows as foreign exchange operations, shifting institutional volume away from non-bank providers and toward bank-grade infrastructure. Precisely where Trace operates. The company built that stack in a market with some of the most complex FX and compliance requirements in the world, processing more than $10B in cross-border volume and becoming the main provider for the top four global payment providers in LatAm, including dLocal. Trace is now expanding that infrastructure internationally, across LatAm, the U.S., and APAC.