Stablecoin infrastructure provider HIFI has secured $37 million in a Series A investment round spearheaded by Left Lane Capital, as stablecoin utilization for transactions and cross-border remittances continues to expand despite sluggishness in the broader cryptocurrency market.
International stablecoin transfers climbed 77.5% to reach $220.3 billion across the 12 months leading up to June 2026, even though the wider crypto sector contracted by upwards of one-third during that exact timeframe, based on data from Chainalysis.
HIFI Chief Executive Officer Zach Walsh shared with Cointelegraph that this Series A represents the organization’s initial priced funding event. The firm chose to keep its valuation private. “HIFI is handling roughly $7 billion in annualized transaction volume directly through our network,” Walsh noted.
This capital injection arrives as a greater volume of payments and financial instruments migrate onto distributed ledgers, driving up the need for bridging infrastructure that links these chains to traditional banking networks.
Major corporations like Visa and the Depository Trust & Clearing Corporation (DTCC) have steadily deployed or piloted blockchain-powered financial systems.
HIFI scales into tokenized financial markets
The infrastructure built by HIFI enables users to transition US dollars into and out of stablecoins, dispatch payouts via American banking rails and payment cards, and clear the monetary leg of tokenized repo and Treasury operations in US currency.
“This new capital will fuel the scaling of HIFI’s tokenized capital markets framework alongside the broadening of our product offerings, which includes stablecoin payment solutions,” Walsh mentioned to Cointelegraph.
Back in July, the DTCC executed live transactions utilizing tokenized assets across multiple market operations, encompassing US Treasury and repo clearing, equity trades, securities lending, and collateral management processes. HIFI stood among the 30-plus participants involved, joining financial heavyweights such as BlackRock, Goldman Sachs, and Nasdaq.
The operations encompassed US Treasury and repo delivery-versus-payment deals, equity movements, securities lending, and collateral procedures relying on assets housed at the Depository Trust Company that were transformed into tokenized formats. The DTCC intends to roll out its Tokenization Service this coming October.
Related: US stablecoin adoption could surge with bank-like protections: Visa survey
Furthermore, HIFI has branched out into card-centric disbursements via Visa Direct. Its architecture permits clients to convert USDC and route the funds toward qualifying Visa debit and credit cards worldwide, according to official platform documentation.
This growth coincides with reports from Visa highlighting increased stablecoin activity throughout its transaction network. On September 9, the enterprise indicated that upwards of 160 stablecoin-connected card initiatives were active globally throughout its second fiscal quarter, with transaction values moving through those channels jumping nearly 200% year over year.
Visa also highlighted that its stablecoin settlement turnover had climbed past a $20 billion annualized pace, multiplying over 15 times compared to its figures from the previous year.
Magazine: Winners and losers of the SEC’s new tokenized stocks rules
Originally published at https://cointelegraph.com/news/hifi-raises-37m-to-expand-stablecoin-payments-tokenized-markets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound.
