HIFI, the New York stablecoin infrastructure company that participated in DTCC’s tokenized securities trades in July, raised a $37 million Series A round led by Left Lane Capital, it announced Thursday, with the money earmarked for licensing, cards and capital markets.
Matthew Miller, managing partner at Left Lane Capital, joins the board of directors. HIFI said its platform moves more than $7 billion annually and its usage among existing customers has more than quadrupled in six months.
Companies leveraging this project have also onboarded more than 10,000 businesses and 200,000 individuals, with payments reaching 87 countries, the team said.
Pension operations and visa payments
Sumitomo is rebuilding its cash management and trading operations on the platform, Dapper is building digital marketplaces on it, and Arival Bank is using it for stablecoin payments.
A Form D filed by HIFI Bridge, Inc. with the SEC on September 3 covers a $27.3 million stock offering, of which $21.8 million has been sold to 24 investors since an initial sale on August 19.
On July 15, DTCC conducted production transactions with tokenized securities held by DTC in more than 30 companies, including BlackRock, Goldman Sachs, JP Morgan and Nasdaq, covering collateral pledging, securities lending and Treasury and repo settlement, ahead of the October launch of its tokenization service.
HIFI said it was part of the tokenized repo pilot and also supported a live tokenized repo transaction on Tradeweb between DRW and Marex, settled on Canton with USDCx as the cash leg. This month, HIFI launched stablecoin push-to-card payments through Visa Direct, starting with payments to more than 4 billion Visa cards worldwide, and integrated with the Circle Payments network.
Visa and DTCC are the founding validators of the Arc de Circle blockchain alongside BlackRock, Mastercard and Standard Chartered.
“We view the settlement as one issue, not three,” said Zach Walsh, CEO of HIFI.
Licenses, cards and capital markets
The round will fund additional regulatory licenses, so more of the stack runs directly under HIFI, a larger team in New York and overseas, and an expansion from payments to cards and capital markets, where Walsh said custody and control remain the most difficult issues.
Payment stablecoins gained a federal framework under the GENIUS Act in July 2025, and the supply of stablecoins stands at nearly $307 billion, per Blockworks.
On the securities side, the SEC issued an innovation exemption on September 17 that allows authorized venues to trade tokenized U.S. stocks online.
“HIFI is building an important layer in this market, giving developers the infrastructure to create products that can work across networks and borders,” Miller said.
The post HIFI Raises $37M Series A to Build Settlement Rails for Tokenized Money appeared first on CryptoPotato.
About the Author
