Trace Finance closed a $32 million Series A funding round led by Coinfund to expand its regulated stablecoin infrastructure into the U.S., APAC, and additional markets. The round included participation from Coinbase Ventures, Haun Ventures, Jump Capital, Valor Capital, Paxos, HOF Capital, Chainlink Labs, and SNZ Capital, along with angel investors including Circle co-founder Sean Neville, Solana Labs co-founder Anatoly Yakovenko, Mesh co-founder and CEO Bam Azizi, and Itau Unibanco Partner and Vice Chairman Ricardo Villela Marino. The company provides the banking, FX conversion, and compliance infrastructure that connects global stablecoin liquidity with local financial systems in high-growth markets, addressing the operational gap between digital settlement and regulated cross-border payments.
Coinfund Leads $32M Series A with Strategic Investors
Coinfund led the $32 million Series A round for Trace Finance, according to the release shared with Bitcoin.com News. Coinbase Ventures, Haun Ventures, Jump Capital, Valor Capital, Paxos, and HOF Capital joined the round, along with strategic backers Chainlink Labs and SNZ Capital. Angel participants include Sean Neville, co-founder of Circle; Anatoly Yakovenko, co-founder of Solana Labs; Bam Azizi, co-founder and CEO of Mesh; and Ricardo Villela Marino, Partner and Vice Chairman at Itau Unibanco, Latin America's largest bank.
Trace Processes Over $10B in Cross-Border Volume
Trace Finance connects global stablecoin liquidity with local bank infrastructure in high-growth markets. The company handles FX conversion, bank connectivity, and the compliance layer that enterprises need to settle payments across borders legally and at scale. Trace has processed more than $10 billion in cross-border volume to date. The company serves the top four global payment providers in LatAm, including dLocal. Brazil classifies virtual asset cross-border flows as foreign exchange operations, pushing institutional volume toward providers with banking infrastructure.
CEO Brites Explains Stablecoin Infrastructure Thesis
Bernardo Brites, co-founder and CEO of Trace Finance, stated: "Stablecoins alone do not solve cross-border payments. Stablecoins plus regulated local bank infrastructure does." Brites said the Series A funds will deepen the company's banking, payments, and compliance infrastructure for global fintechs, exchanges, international banks, and enterprises that need to bridge digital settlement with local financial systems. Einar Braathen, Partner at Coinfund, remarked: "Brazil is one of the largest and most operationally complex payment environments in the world," adding that Trace built a regulated infrastructure that blue-chip businesses are using to scale while reducing costs compared to legacy alternatives.
Trace Plans Expansion into U.S., APAC, and Priority Markets
Trace Finance will use the Series A capital to pursue large global enterprises, deepen its FX and bank connectivity products, and expand its regulated footprint across Brazil, the United States, APAC, and additional priority jurisdictions. New settlement products are in development, built on the company's existing regulated banking infrastructure and designed to connect local financial systems in Brazil and LatAm with global stablecoin liquidity.
FAQ
What is the size of Trace Finance's Series A funding round?
Trace Finance closed a $32 million Series A funding round led by Coinfund, with participation from Coinbase Ventures, Haun Ventures, Jump Capital, Valor Capital, Paxos, HOF Capital, Chainlink Labs, and SNZ Capital.
How much cross-border volume has Trace Finance processed?
Trace Finance has processed more than $10 billion in cross-border volume to date and serves the top four global payment providers in Latin America, including dLocal.
Where does Trace Finance plan to expand its operations?
Trace Finance plans to expand its regulated stablecoin infrastructure into the United States, APAC, and additional priority markets using the Series A capital.
