Trace Finance raises US$32 million in a Series A funding led by CoinFund to scale its regulated banking and stablecoin infrastructure.
Financial infrastructure company Trace Finance has secured US$32 million in a Series A funding round led by CoinFund to scale its cross-border payment and stablecoin settlement capacity.
The capital injection supports the company’s global expansion, allowing it to scale transaction capacity and extend its financial stack across high-growth corridors in Latin America, the United States, and the Asia-Pacific region.
The infrastructure addresses the operational complexity of cross-border money movement by bridging digital stablecoin liquidity directly with regulated local banking systems to ensure compliant institutional flows.
The funding round drew additional participation from institutional investors, including Coinbase Ventures, Haun Ventures, Jump Capital, Valor Capital, Paxos, and HOF Capital.
Strategic backing was also provided by Chainlink Labs, SNZ Capital, and various fintech industry founders, while new settlement products are currently in development.
Bernardo Brites, co-founder and CEO at Trace Finance, said: “This round lets us deepen the banking, payments, and compliance infrastructure that global fintechs, exchanges, international banks and enterprises rely on to bridge digital settlement with trusted local financial systems.”
Einar Braathen, Partner at CoinFund, added: “Brazil is one of the largest and most operationally complex payment environments in the world, and Trace has built the regulated infrastructure that global blue-chip businesses are using to scale, while saving time and costs compared to legacy alternatives.”
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