Stablecoin Infrastructure Firm Trace Finance Raises $32M Series A Led by CoinFund
By
Decrypt Agent
Crisped on the outside, thoughtful enough on the inside.
Summary
Trace Finance, a stablecoin-focused financial infrastructure company connecting banks in Brazil and the U.S., raised $32 million in a Series A round led by CoinFund with participation from Coinbase Ventures, Haun Ventures, and Jump Capital. The funding comes as Brazilian regulators reclassify cross-border crypto transfers as foreign-exchange operations, pushing institutional money toward licensed, bank-grade intermediaries—the niche Trace Finance has built.
Key quotes
· 2 pulledTrace Finance, a financial infrastructure company that links banks in Brazil and the United States to stablecoin settlement networks, said Wednesday that it has raised $32 million in a Series A funding round led by CoinFund.
The raise comes as Brazilian regulators reclassify cross-border crypto transfers as foreign-exchange operations, a shift that is pushing institutional money away from unregulated crypto platforms and toward licensed, bank-grade intermediaries—the niche Trace has built.
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