Stablecoin infrastructure firm Trace Finance closes $32M Series A led by CoinFund, with backing from Coinbase Ventures and other major funds.
DeFi & Yields ·
Trace Finance, a stablecoin payments infrastructure platform, closed a $32 million Series A round led by CoinFund. The funding included participation from Coinbase Ventures, HAUN Ventures, Jump Capital, Paxos, Chainlink Labs, HOF Capital, and Anatoly Yakovenko.
The round represents a significant valuation milestone for the company. According to available reporting, the Series A reflects a 10x valuation increase from the firm's seed stage, indicating strong investor confidence in the stablecoin infrastructure sector.
The specific product roadmap and deployment timeline remain undisclosed in the available reporting. The identities of any other significant backers beyond those named, and the company's near-term go-to-market strategy, have not been publicly detailed.