FUNDING | Trace Finance Raises Over $30 Million Series A to Scale Regulated Banking, Stablecoin Infrastructure Across Emerging Markets
Trace Finance, a regulated financial infrastructure company for cross-border payments and stablecoin settlement, has announced a $32 million Series A led by
- CoinFund, with participation from
- Coinbase Ventures,
- Haun Ventures,
- Jump Capital,
- Valor Capital,
- Paxos,
- HOF Capital
and others.
The Series A also drew support from strategic backers including
- Chainlink Labs and
- SNZ Capital,
alongside founders and operators spanning the stablecoin, payments, and banking ecosystems, including
- Sean Neville, Co-Founder of Circle;
- Anatoly Yakovenko, Co-Founder of Solana Labs;
- Bam Azizi, Co-Founder and CEO of Mesh; and
- Ricardo Villela Marino, Partner and Vice Chairman of Latin America’s largest bank, Itaú Unibanco.
The funding will support Trace’s expansion as it scales transaction capacity and extends its regulated infrastructure across additional high-growth corridors globally.
Connecting the U.S. to Brazil was the proving ground for Trace’s broader vision.
Brazil, one of the top five countries globally for stablecoin infrastructure concentration, has classified virtual asset cross-border flows as foreign exchange operations, shifting institutional volume away from non-bank providers and toward bank-grade infrastructure.
Precisely where Trace operates.
The company built that stack in a market with some of the most complex FX and compliance requirements in the world, processing more than $10 billion in cross-border volume and becoming the main provider for the top four global payment providers in LatAm, including dLocal. Trace is now expanding that infrastructure internationally, across LatAm, the U.S., and APAC.
“Stablecoins alone do not solve cross-border payments. Stablecoins plus regulated local bank infrastructure does,” said Bernardo Brites, co-founder and CEO of Trace Finance.
“This round lets us deepen the banking, payments, and compliance infrastructure that global fintechs, exchanges, international banks and enterprises rely on to bridge digital settlement with trusted local financial systems. We built Trace bridging the U.S. to Brazil and are now extending that infrastructure across LatAm and other emerging markets.”
Trace will use the Series A to:
- scale into large global enterprises,
- deepen product capabilities across FX, bank connectivity, compliance, and stablecoin settlement, and
- expand its regulated footprint across Brazil, the United States, APAC, and other priority jurisdictions.
The company is building a regulated financial layer that connects global stablecoin liquidity with local banking systems across high-growth markets.
“The next phase of global money movement will be won by companies that can bridge onchain settlement with trusted local banking systems,” said Einar Braathen, Partner at CoinFund.
“Brazil is one of the largest and most operationally complex payment environments in the world, and Trace has built the regulated infrastructure that global blue-chip businesses are using to scale, while saving time and costs compared to legacy alternatives.”
Trace also has new settlement products in development, built on its regulated banking infrastructure and designed to deepen the company’s role connecting local financial systems in Brazil and LatAm with global stablecoin liquidity.
Stay tuned to BitKE on stablecoin developments in emerging markets.
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