Trace Finance secures $32M A to grow stablecoin payments

A cross-border payments infrastructure company, Trace Finance, has raised $32 million in a Series A funding round led by CoinFund. The investment, announced on Wednesday, June 17, 2026, will be used to scale the company's technology platform and expand its services in Latin America, the United States, and the Asia-Pacific region. The company has processed more than $10 billion in cumulative transaction volume to date.

The funding round included participation from a range of strategic investors and venture capital firms, including Coinbase Ventures, Paxos, Jump Crypto, Haun Ventures, Valor Capital, SNZ Capital, and HOF Capital. Individual backers included Sean Neville, co-founder of Circle; Anatoly Yakovenko, co-founder of Solana Labs; Bam Azizi, CEO of Mesh; and Ricardo Villela Marino, vice chairman of Itaú Unibanco.

Trace Finance operates a regulated banking and payments infrastructure that blends local financial systems with stablecoin-based settlement. The company stated the new capital will deepen its capabilities in foreign exchange brokerage, direct bank connectivity, regulatory compliance, and stablecoin settlement. According to CEO Bernardo Brites, the company's...