Trace Finance Secures $32 Million to Scale Regulated Banking and Stablecoin Infrastructure

Trace Finance, a provider of regulated financial infrastructure for cross-border payments and stablecoin settlement, has raised $32 million in Series A funding to scale its operations. The round was led by CoinFund, with participation from Coinbase Ventures, Haun Ventures, Jump Crypto, Valor Capital, Paxos, HOF Capital, and others.

The company uses a regulated infrastructure that connects global stablecoin liquidity with local banking systems across complex and high-growth markets. It supports cross-border payments, banking connectivity, foreign exchange, compliance operations, Pix connectivity, and stablecoin-enabled settlement.

Trace Finance has processed over $10 billion in institutional cross-border volume and is the main provider for the top four global payment providers operating in Latin America, including dLocal.