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Trace Finance Raises $32M Series A for Global Stablecoin Payments

By SivamTrace Finance Raises $32M Series A for Global Stablecoin Payments

Trace Finance secures $32M Series A led by CoinFund to expand global stablecoin payment solutions. Already processed $10B in value.

Fintech firm Trace Finance has successfully secured $32 million in Series A funding. This significant capital injection will accelerate its mission to expand stablecoin payment solutions across key global markets.

Key Funding Details

  • Trace Finance raised $32 million in Series A funding.
  • The round was led by CoinFund.
  • Notable participants include Coinbase Ventures, Haun Ventures, Paxos, HOF Capital, Valor Capital, and Jump Capital.
  • The company has already processed an impressive $10 billion in value.

Global Expansion & Strategy

Trace Finance specializes in enabling payments, transfers, and settlement reporting using stablecoins. The company plans to significantly expand its operations across the Americas and the Asia-Pacific region.

Its success is built on providing regulated, bank-grade infrastructure for cross-border digital asset movement, particularly in US-Brazil transfers.

CEO Bernardo Brites stated, “combining stablecoins with regulation-compliant services and local bank ecosystems is key to solving cross-border payment needs.”

Investors view fintechs that bridge on-chain settlement with compliant local banks as crucial for success, especially in complex payment environments like Brazil.

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