Trace Finance, a stablecoin payments infrastructure company, raises a $32 million Series A round to expand its reach, according to multiple reports. The funding is led by CoinFund. Coinbase Ventures and other investors also participate, including Haun Ventures, Jump Capital, Paxos, and Chainlink Labs, among others.
The Block additionally reports that Trace Finance’s valuation grows about 10 times from its seed round. Both outlets describe the Series A as aimed at scaling the company’s stablecoin-related payments infrastructure and supporting broader deployment.
The announcements focus on the investment amount, the lead investor, and the participating firms. They do not provide detailed information on specific new products, geographic expansion targets, or current customer or transaction metrics. The reports also do not specify whether the funding is intended for engineering, compliance, partnerships, or other operational priorities beyond general expansion plans.
