HIFI CEO Zach Walsh told Cointelegraph the $37 million Series A is the company’s first priced funding round, though HIFI did not disclose its valuation.

Stablecoin infrastructure company HIFI has raised $37 million in a Series A funding round led by Left Lane Capital as the use of stablecoins for payments and cross-border transfers continues to grow despite weakness in the broader crypto market.

Cross-border stablecoin flows rose 77.5% to $220.3 billion in the 12 months ending June 2026, even as the wider crypto market shrank by more than a third over the same period, according to Chainalysis.

HIFI CEO Zach Walsh told Cointelegraph that the Series A is the company’s first priced funding round. The company did not disclose its valuation. “HIFI is processing approximately $7 billion in annualized volume directly through its platform,” Walsh said.

The funding comes as more payments and financial assets move onto blockchains, increasing demand for infrastructure connecting those networks to the banking system.

Firms such as Visa and the Depository Trust & Clearing Corporation (DTCC) have been rolling out or testing blockchain-based financial infrastructure.

HIFI’s infrastructure allows customers to move dollars into and out of stablecoins, send payouts through US banking rails and cards, and settle the cash side of tokenized repo and Treasury transactions in US dollars.

“This financing will support the scaling of HIFI’s tokenized capital markets infrastructure and the expansion of its broader product suite, including stablecoin payments products,” Walsh told Cointelegraph.

In July, DTCC conducted production trades using tokenized securities across several market functions, including US Treasury and repo settlement, equity transactions, securities lending and collateral workflows.

Source link