Trace Finance plans to expand its stablecoin settlement infrastructure as policymakers and payment firms increase their focus on cross-border digital asset transfers.

CoinFund led the round, with Coinbase Ventures, Haun Ventures, Jump Capital, Paxos, Chainlink Labs and others participating.

Trace Finance closed a $32M Series A led by CoinFund, growing its valuation 10x from its 2022 seed round. The Brazil-based firm builds stablecoin payment

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 plans to expand its stablecoin settlement infrastructure as policymakers and payment firms increase their focus on cross-border digital asset transfers.

Stablecoin infrastructure firm Trace Finance said Wednesday that it raised a $32 million Series A round to help expand its reach.

Trace Finance closes a $32M Series A led by CoinFund to expand regulated stablecoin infrastructure across LatAm, the U.S., and APAC.