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

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