Trace Finance, a company focused on cross-border stablecoin settlement infrastructure, raises $32 million to expand its product capabilities and geographic reach. The funding is described as a Series A announced on June 17, with the proceeds intended to deepen technology related to stablecoin settlements and support functions including foreign exchange (FX) and compliance. Multiple outlets link the financing to ongoing progress in stablecoin regulation across different jurisdictions and note increased investment by financial firms in infrastructure that connects blockchain-based payments with traditional banking systems. Trace Finance says it plans to expand in “priority jurisdictions,” including Brazil, the United States, and the Asia-Pacific region. While the sources broadly emphasize the company’s role in facilitating cross-border stablecoin settlement, they do not provide additional details in the supplied text on the round’s investor composition, exact valuation, or specific partners. The reports collectively present the raise as part of continued development in regulated and compliant stablecoin payment rails for international transactions.
Trace Finance Raises $32M to Expand Cross-Border Stablecoin Settlement Infrastructure
Trace Finance, a company focused on cross-border stablecoin settlement infrastructure, raises $32 million to expand its product capabilities and geographic reach. The funding is described as a Series...
- Trace Finance raises $32 million in a Series A financing announced June 17.
- The funding supports expansion of stablecoin settlement capabilities, including FX and compliance functions.
- The company plans to grow in priority jurisdictions such as Brazil, the United States, and the Asia-Pacific region.
- The reports connect the raise to broader progress in global stablecoin regulation.
- The initiative is framed as infrastructure linking blockchain payments with traditional banking systems.
Cross-border payments/stablecoin settlement infrastructure company Trace Finance has raised $32 million in new funding. The Series A financing, announced Wednesday (June 17), will help Trace deepen its product capabilities in areas like foreign exchange (FX), compliance and stablecoin settlements and expand within “priority jurisdictions” such as Brazil, the U.S. and the Asia-Pacific region. “Connecting […] The post Trace Finance Raises $32 Million for Stablecoin Infrastructure Offering appeared first on PYMNTS.com.
2 months agoThe raise comes as stablecoin regulation advances globally and financial firms invest in infrastructure connecting blockchain payments with traditional banking systems.
2 months ago
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