HIFI raises $37M to expand stablecoin payments, tokenized markets

HIFI, a stablecoin infrastructure company, has successfully raised $37 million in a Series A funding round led by Left Lane Capital. This marks the company's first priced funding round. Despite the broader crypto market shrinking by over a third in the same period, cross-border stablecoin flows surged by 77.5% to $220.3 billion in the 12 months ending June 2026, according to Chainalysis data.

HIFI's CEO, Zach Walsh, highlighted that the company processes around $7 billion in annualized volume through its platform. The recent funding will assist in scaling HIFI's tokenized capital markets infrastructure and expanding its product range, including stablecoin payments services. The capital will enable HIFI to facilitate transfers of dollars into and out of stablecoins, enable payouts via US banking rails and cards, and settle cash flows in US dollars for tokenized repo and Treasury transactions.

In July, Deutsche Bank's Depository Trust & Clearing Corporation (DTCC) executed production trades using tokenized securities across various market functions, including US Treasury and repo settlements, equity trades, securities lending, and collateral workflows. HIFI participated in these transactions alongside other major firms like BlackRock, Goldman Sachs, and Nasdaq.

HIFI has also ventured into card-based payouts through Visa Direct, enabling customers to convert USDC into eligible Visa debit and credit cards globally. This move coincides with Visa's increasing adoption of stablecoins, with over 160 stablecoin-linked card programs operational during the company's second fiscal quarter, resulting in a nearly 200% year-over-year increase in payment volume.

Visa's stablecoin settlement volume has also surpassed a $20 billion annualized pace, more than 15 times its level from the previous year.