HIFI closes $37M Series A led by Left Lane Capital
VC & Fundraising ·
The stablecoin payments and tokenized-asset firm will use the funding to expand infrastructure linking bank rails and digital-asset settlement across dozens of countries.
HIFI, based in New York, announced a $37 million Series A round led by Left Lane Capital, according to a statement reported by The Block. The company builds API tools that combine payment movement, compliance checks, and settlement into a single integration spanning traditional banking systems and digital assets. It says it currently handles more than $7 billion in annualized transaction volume across 87 countries.
The new capital is earmarked for broadening HIFI's tokenized capital-markets infrastructure and its wider product lineup. That push builds on recent milestones: the company took part in DTCC's production trades in July involving DTC-tokenized securities, working alongside BlackRock, Goldman Sachs, and Nasdaq. Earlier this month, HIFI also struck a partnership with Visa to extend its stablecoin settlement system into money transfers and card payments, a deal intended to enable stablecoin-funded payouts reaching more than 4 billion Visa cards globally.
The raise arrives as stablecoin activity climbs more broadly. Total supply of dollar-pegged tokens has surpassed $295 billion, with Tether's USDT accounting for roughly $183.4 billion and Circle's USDC near $76 billion. Visa has separately reported that its own stablecoin settlement volume crossed a $20 billion annualized run rate, over 15 times higher than a year earlier. A survey released by the company found that 56% of U.S. adults would use stablecoins if backed by bank-level fraud protection and deposit insurance, a figure that falls to 36% without such safeguards.
Coverage of the funding round has also appeared through wublockchain.xyz, pointing to wider industry attention on the deal beyond a single outlet. Three distinct sources have reported on the raise so far.
What remains unclear is how quickly HIFI plans to deploy the new funding toward its tokenized capital-markets buildout, and whether additional institutional partnerships beyond DTCC and Visa are in the pipeline. The company has not detailed a valuation for the round or specified a timeline for expanding its infrastructure further.