HIFI, a company that handles payments for stablecoins, has brought in a Series A funding round led by Left Lane Capital, raising $37 million. The move comes at a time when money flowing across borders using stablecoins is rising even as the wider crypto market shrinks.
The round is HIFI’s first priced funding round, though the company has not disclosed its valuation. CEO Zach Walsh told Cointelegraph that HIFI is now processing approximately $7 billion in annualized volume directly through its platform.
The funding round at a glance
HIFI’s $37 million Series A is led by Left Lane Capital. The company has not disclosed its valuation, but CEO Zach Walsh said the financing will support the scaling of HIFI’s tokenized capital markets infrastructure and the expansion of its broader product suite, including stablecoin payments products.
Cross-border stablecoin flows
Cross-border stablecoin flows rose 77.5% to $220.3 billion in the 12 months ending June 2026, according to Chainalysis. That growth comes even as the wider crypto market shrank by more than a third over the same period.
Dollars move in and out of stablecoins via HIFI’s infrastructure, which also sends payouts through US banking rails and cards while settling the cash side of tokenized repo and Treasury deals in US dollars.
What the round buys
The $37 million will fund several directions at once. It supports the scaling of HIFI’s tokenized capital markets infrastructure, and it funds the expansion of its broader product suite, including stablecoin payments products.
The DTCC test and the Tokenization Service
This summer, DTCC carried out production trades involving tokenized securities across multiple market functions, such as US Treasury and repo settlement, equity deals, securities lending and collateral management. HIFI was one of more than 30 firms that took part, along with BlackRock, Goldman Sachs and Nasdaq.
The deals covered US Treasury and repo delivery-versus-payment transactions, equity trades, and securities lending and collateral workflows involving assets held at the Depository Trust Company that had been turned into tokenized forms. The company intends to bring its Tokenization Service online in October.
Visa’s stablecoin push
Visa Direct has brought HIFI’s offerings onto card-based payouts, letting customers turn USDC into money sent directly to eligible Visa debit and credit cards worldwide.
Visa’s announcement came on Sept. 9, when the company reported that more than 160 stablecoin-linked card programs were active globally during its fiscal second quarter. Payment volume through those programs rose nearly 200% year over year.
Visa also said its stablecoin settlement volume had surpassed a $20 billion annualized run rate, more than 15 times its level a year earlier.
The broader picture
Two separate trends meet at the point where the HIFI raise rests. The first is a drop in wider crypto market activity. The second is the growing use of stablecoins for payments and cross-border transfers.
What sets HIFI apart is its role: it is constructing infrastructure that bridges blockchain networks with the traditional banking system. This work comes at a time when stablecoin payments are expanding even as the wider crypto market contracts.
The numbers behind the story
- HIFI Series A: $37 million, led by Left Lane Capital
- Cross-border stablecoin flows: +77.5% to $220.3 billion, 12 months ending June 2026
- Broader crypto market decline: More than a third over the same period
- HIFI annualized volume: Approximately $7 billion
- DTCC production trades participants: More than 30 firms, including HIFI, BlackRock, Goldman Sachs and Nasdaq
- Visa stablecoin-linked card programs: More than 160 live globally
- Visa stablecoin settlement volume: Surpassed $20 billion annualized run rate
- Tokenization Service launch: October
What to watch next
HIFI’s path forward depends on whether it can deliver infrastructure that works at scale. The company’s $7 billion in annualized volume is a measure of its current throughput.
Even as the broader crypto market declines, stablecoins are increasingly being put to use for payments and cross-border transfers, and that trend is unmistakable.
What remains uncertain is whether HIFI can construct that infrastructure at a pace sufficient to meet the demand.
Source material: “HIFI raises $37M to expand stablecoin payments, tokenized markets,” Cointelegraph.
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