Why did Trace Finance raise US$32 million?

Trace Finance raised US$32 million in a Series A funding round to expand its stablecoin settlement infrastructure. Trace Finance said the capital will support growth across Latin America, the United States and Asia-Pacific.

What does Trace Finance do in cross-border payments?

Trace Finance provides banking, foreign exchange and stablecoin settlement infrastructure for international payments. Trace Finance said it has processed more than US$10 billion in transaction volume across Latin America.

How is stablecoin regulation affecting Trace Finance?

Trace Finance operates in a market where stablecoin regulation is becoming more established globally. Trace Finance said growing regulatory clarity is supporting demand for infrastructure that connects blockchain payments with traditional banking systems.

What investors participated in the Trace Finance funding round?

Trace Finance secured backing from CoinFund, Coinbase Ventures, Jump Capital, Paxos and other investors in its US$32 million Series A round. CoinFund led the financing.

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Trace Finance raises $32M for expansion

Q: What does the Trace Finance expansion plan include?

Trace Finance said it plans to expand its stablecoin settlement services across Latin America, the United States and Asia-Pacific. The company stated the funding will help support that international growth strategy.

Written by Heidi Cuthbert Published Jun 18, 2026, 2:20 AM

Trace Finance secured US$32 million in a Series A funding round led by CoinFund to expand its stablecoin settlement infrastructure.
The company said it has processed more than US$10 billion in transaction volume across Latin America.
The funding comes as stablecoin regulation advances globally and financial firms increase investment in cross-border payment networks.

Trace Finance raised US$32 million in a Series A funding round led by CoinFund, with participation from Coinbase Ventures, Jump Capital, Paxos and other investors, to expand its stablecoin settlement infrastructure across Latin America, the United States and Asia-Pacific.

The funding follows a US$4.3 million seed round completed in 2022 and comes amid growing regulatory and industry focus on stablecoin-based payment systems.

“The funding will support our expansion across LatAm, the US and Asia-Pacific markets,” Trace Finance said in its announcement.

Trace Finance said it provides banking, foreign exchange and stablecoin settlement infrastructure for cross-border payments and has processed more than US$10 billion in transaction volume to date.

The company stated that demand for infrastructure linking blockchain payments with traditional banking networks is increasing as stablecoin regulation becomes more established globally, and following the announcement the company is privately held and no share price was available.

Regulatory discussions accelerated after US President Donald Trump signed the GENIUS Act into law in July 2025, while jurisdictions including Hong Kong have since introduced stablecoin frameworks and licensing regimes.

The broader payments sector has also seen increased activity, with companies including Stripe, Circle and MassPay expanding stablecoin-based settlement services designed to connect digital assets with traditional financial systems.