HIFI Raises $37 Million for Tokenized Capital Markets
The New York infrastructure player wants to connect stablecoin payments and settlement to bank rails, with Visa and DTCC as recent partners.
Key Takeaways
- HIFI raised $37 million in a Series A round led by Left Lane Capital.
- The company plans to use the money for tokenized capital markets infrastructure and a broader product lineup.
- HIFI processes more than $7 billion in annualized volume across 87 countries and works with Visa and DTCC.
HIFI has raised $37 million (€32.4 million) in a Series A round led by Left Lane Capital. The New York crypto company wants to use the money for its infrastructure for tokenized capital markets and for a broader product lineup. HIFI provides API infrastructure that brings money movement, compliance, and settlement together in one connection for bank rails and digital assets.
Growth in Stablecoin Payments
According to the company, it now processes more than $7 billion (€6.1 billion) in annualized volume across 87 countries. The new funding follows a period in which stablecoins have become more important in the crypto market. The total supply of dollar-pegged tokens is now above $295 billion (€259 billion), with Tether’s USDT at about $183.4 billion (€161 billion) and Circle’s USDC at nearly $76 billion (€66.6 billion).
HIFI also said it worked with Visa earlier this month to expand its stablecoin settlement platform to money transfers and card payments. In the first phase, this involves stablecoin-backed payouts to more than 4 billion Visa cards worldwide. Visa said earlier this month that its stablecoin settlement had reached an annualized run rate of $20 billion (€17.5 billion), more than 15 times higher than a year earlier.
Why This Matters
For European crypto readers, this deal shows how stablecoins are moving further from a trading tool to a payments and settlement layer. The fact that HIFI is working with players like DTCC and Visa at the same time underscores that tokenized assets and stablecoin payments are increasingly connecting with existing financial rails. For companies building crypto infrastructure, that can matter because the line between traditional payments and blockchain-based settlement is getting blurrier. Visa’s broader push into stablecoin settlement also shows that the payments giant is rolling out this infrastructure step by step.
From DTCC to Visa
The Series A also follows HIFI’s participation in DTCC’s production trades in July, where DTC tokenized securities were used alongside players like BlackRock, Goldman Sachs, and Nasdaq. That gives the round extra weight, because it positions HIFI not just as a payments company but also as an infrastructure player in tokenized assets. The company also said that this month it took a step with Visa toward broader use of stablecoin settlement in card payments and payouts.
