Stablecoin infrastructure company HIFI has raised $37 million in a Series A funding round led by Left Lane Capital as the relate of stablecoins for payments and immoral-border transfers continues to develop despite weak spot in the broader crypto market.
Wicked-border stablecoin flows rose 77.5% to $220.3 billion in the 365 days ending June 2026, even as the broader crypto market shrank by more than a third over the identical duration, in step with Chainalysis.
HIFI CEO Zach Walsh told Cointelegraph that the Series A is the company’s first priced funding round. The company didn’t portray its valuation. “HIFI is processing approximately $7 billion in annualized volume at once thru its platform,” Walsh acknowledged.
The funding comes as more payments and financial sources cross onto blockchains, growing attach a question to for infrastructure connecting these networks to the banking machine.
Companies similar to Visa and the Depository Belief & Clearing Corporation (DTCC) had been rolling out or checking out blockchain-primarily based completely financial infrastructure.
HIFI expands into tokenized capital markets
HIFI’s infrastructure permits customers to cross dollars into and out of stablecoins, send payouts thru US banking rails and playing cards, and resolve the money facet of tokenized repo and Treasury transactions in US dollars.
“This financing will toughen the scaling of HIFI’s tokenized capital markets infrastructure and the enlargement of its broader product suite, including stablecoin payments products,” Walsh told Cointelegraph.
In July, DTCC performed production trades the usage of tokenized securities all over quite a lot of market functions, including US Treasury and repo settlement, equity transactions, securities lending and collateral workflows. HIFI used to be amongst more than 30 corporations that participated, alongside BlackRock, Goldman Sachs and Nasdaq.
The transactions integrated US Treasury and repo delivery-versus-fee trades, equity transactions, securities lending and collateral workflows the usage of sources held on the Depository Belief Company that had been remodeled into tokenized representations. DTCC plans to launch its Tokenization Provider in October.
HIFI has also expanded into card-primarily based completely payouts thru Visa Tell. Its platform permits customers to rework USDC and send the proceeds to eligible Visa debit and credit playing cards globally, according to the company’s web attach.
The enlargement comes as Visa experiences rising relate of stablecoins all over its payments community. On Sept. 9, the company acknowledged more than 160 stablecoin-linked card packages had been dwell globally all the way thru its fiscal 2nd quarter, with fee volume thru these packages rising virtually 200% year over year.
Visa also acknowledged its stablecoin settlement volume had surpassed a $20 billion annualized shuffle rate, more than 15 cases its level a year earlier.
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