Key Takeaways
- • Trace Finance, a New York-based financial infrastructure company, closed a $32 million Series A funding round led by CoinFund to expand its regulated cross-border payment and stablecoin settlement capabilities globally.
- • The round attracted a diverse investor syndicate including Coinbase Ventures, Haun Ventures, Jump Crypto, Valor Capital, Paxos, HOF Capital, Chainlink Labs, SNZ Capital, and strategic angels including Anatoly Yakovenko and Ricardo Villela Marino, signaling institutional confidence in stablecoin infrastructure consolidation.
- • Trace Finance will deploy capital to scale enterprise capabilities across foreign exchange, bank connectivity, compliance operations, and stablecoin settlement, with geographic expansion targeting Brazil, the United States, APAC, and other priority jurisdictions.
- • The company bridges local payment rails (including Brazil's Pix system) with global stablecoin liquidity, enabling enterprises, fintechs, exchanges, and payment platforms to move capital across complex regulatory markets at institutional scale.
- • Founded by Bernardo Brites, Trace Finance combines bank-grade compliance infrastructure with on-chain settlement mechanisms, positioning itself as critical middleware between traditional banking networks and digital asset ecosystems.
Summary
Trace Finance, a regulated financial infrastructure provider headquartered in New York, has secured $32 million in Series A funding to accelerate its expansion into cross-border payments and stablecoin settlement infrastructure. The round was led by CoinFund, one of the crypto industry's most active venture investors, and included participation from major institutional players across both traditional finance and digital assets: Coinbase Ventures, Haun Ventures, Jump Crypto, Valor Capital, Paxos, HOF Capital, Chainlink Labs, and SNZ Capital. The investor composition reflects growing institutional confidence in stablecoin infrastructure as a settlement layer for enterprise payments.
The company, founded by Bernardo Brites, operates at the intersection of traditional banking rails and blockchain-based settlement. Trace Finance provides what it describes as "bank-grade compliance and payment connectivity," enabling enterprises and fintechs to access both local payment systems and global stablecoin liquidity. Its platform integrates local payment infrastructure—particularly Brazil's Pix system—with regulated banking connectivity and stablecoin-enabled settlement, allowing clients to execute cross-border transactions across jurisdictions that traditionally require complex correspondent banking relationships.
Capital from this Series A will fund product development across four core capabilities: foreign exchange functionality, bank connectivity infrastructure, compliance and regulatory operations, and stablecoin settlement mechanisms. The company plans to expand its regulated infrastructure footprint into priority markets including Brazil, the United States, and APAC regions. This geographic focus reflects both the maturity of regulatory frameworks in these jurisdictions and the operational complexity of managing multi-currency cross-border flows at scale.
The round also attracted prominent strategic angel investors, including Anatoly Yakovenko (Solana founder), Bam Azizi, Sean Neville, and Ricardo Villela Marino, suggesting that founders and operators with deep experience in fintech and blockchain infrastructure view Trace Finance as solving a critical pain point in enterprise payments infrastructure. As stablecoin adoption by enterprises accelerates, regulated bridge infrastructure connecting traditional banking systems to on-chain settlement has become increasingly valuable to payment networks, exchanges, and global platforms seeking institutional-grade settlement rails.
The company, founded by Bernardo Brites, operates at the intersection of traditional banking rails and blockchain-based settlement. Trace Finance provides what it describes as "bank-grade compliance and payment connectivity," enabling enterprises and fintechs to access both local payment systems and global stablecoin liquidity. Its platform integrates local payment infrastructure—particularly Brazil's Pix system—with regulated banking connectivity and stablecoin-enabled settlement, allowing clients to execute cross-border transactions across jurisdictions that traditionally require complex correspondent banking relationships.
Capital from this Series A will fund product development across four core capabilities: foreign exchange functionality, bank connectivity infrastructure, compliance and regulatory operations, and stablecoin settlement mechanisms. The company plans to expand its regulated infrastructure footprint into priority markets including Brazil, the United States, and APAC regions. This geographic focus reflects both the maturity of regulatory frameworks in these jurisdictions and the operational complexity of managing multi-currency cross-border flows at scale.
The round also attracted prominent strategic angel investors, including Anatoly Yakovenko (Solana founder), Bam Azizi, Sean Neville, and Ricardo Villela Marino, suggesting that founders and operators with deep experience in fintech and blockchain infrastructure view Trace Finance as solving a critical pain point in enterprise payments infrastructure. As stablecoin adoption by enterprises accelerates, regulated bridge infrastructure connecting traditional banking systems to on-chain settlement has become increasingly valuable to payment networks, exchanges, and global platforms seeking institutional-grade settlement rails.
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