Trace Finance closes $32 million Series A to scale stablecoin infrastructure across Latin America and Asia-Pacific - Cryptopolitan

Crypto Insight Summary: * Trace Finance raised $32 million in a CoinFund-led Series A to expand its regulated stablecoin payment infrastructure beyond Brazil into wider Latin American and Asia-Pacific markets. * The company has processed over $10 billion in institutional cross-border volume and serves major global payment providers. * The round drew backing from Coinbase Ventures, Haun Ventures, Jump Crypto, and individual investors including the co-founders of Circle and Solana Labs. **Cross-border payments solutions company, Trace Finance, has raised $32 million in a Series A round led by CoinFund to expand its stablecoin settlement infrastructure beyond Brazil into wider Latin American and Asia-Pacific markets.** The round involved big players like Coinbase Ventures, Paxos, and Chainlink Labs, and intends to use this investment to better its stablecoin infrastructure in partnership with local banking systems in these regions. The payments company operates a regulated banking and payment infrastructure that connects local financial systems to stablecoin-based settlement. It handles foreign exchange, compliance, and bank connectivity for institutional clients, all of which include fintechs, exchanges, and global payment providers. Trace Finance has processed more than $10 billion in cumulative cross-border transaction volume, and counts itself as a primary infrastructure provider for four of the largest global payment companies active in Latin America, including dLocal, according to the company announcement. Trace Finance co-founder and CEO Bernardo Brites said the company’s valuation had risen by almost [tenfold](https://www.binance.com/en/square/post/06-17-2026-trace-finance-raises-32-million-in-series-a-led-by-coinfund-335115516991058) since a 2022 seed round led by HOF Capital. The series A investment round, led by CoinFund, had Coinbase Ventures, Haun Ventures, Jump Crypto, Valor Capital, Paxos, HOF Capital, Chainlink Labs, and SNZ Capital as active institutional participants. The funding round also had individual backers, of which included Circle co-founder Sean Neville, Solana Labs co-founder Anatoly Yakovenko, Mesh co-founder and CEO Bam Azizi, and Ricardo Villela Marino, partner and vice chairman at Itaú Unibanco, Latin America’s largest bank. Crypto Insight Analysis: Direction: Bullish USDC / Neutral BTC / Neutral ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Stablecoin infrastructure expansion boosts USDC adoption, but broader market impact is limited.