HIFI, a financial infrastructure company focused on stablecoin payments and tokenized assets, has raised $37 million in Series A funding. The round was led by Left Lane Capital. The New York-based firm did not disclose its valuation. This marks HIFI’s first priced funding round, according to CEO Zach Walsh.

The company processes approximately $7 billion in annualized volume through its platform. Its services reach across 87 countries and support more than 10,000 businesses and 200,000 end users. HIFI’s API infrastructure combines money movement, compliance, and settlement across traditional bank rails and digital assets.

Use of Proceeds and Platform Capabilities

The new capital will support scaling of HIFI’s tokenized capital markets infrastructure and expansion of its broader product suite. This includes stablecoin payments offerings and card-based products. The platform allows customers to move funds into and out of stablecoins, route payouts through U.S. banking rails and cards, and handle U.S.-dollar settlement for the cash leg of tokenized repurchase agreements and Treasury transactions.

HIFI has also expanded card-based payouts through a partnership with Visa. Customers can convert USDC and send proceeds to eligible Visa debit and credit cards globally. The initial rollout supports stablecoin-funded payouts to more than 4 billion Visa cards worldwide.

Participation in Institutional Tokenization Trials

In July, the Depository Trust & Clearing Corporation conducted production trades using tokenized securities across multiple market functions. These included U.S. Treasury and repo settlement, equity transactions, securities lending, and collateral workflows. HIFI was among more than 30 participating firms. Other participants included BlackRock, Goldman Sachs, and Nasdaq.

The trades used assets held at the Depository Trust Company that were converted into tokenized representations for delivery-versus-payment and related functions. DTCC has indicated plans to launch its Tokenization Service in October.

Customers already using HIFI’s rails include Sumitomo, which is rebuilding cash management and trading operations on the platform; Dapper, which is building digital marketplaces; and Arival Bank, which is powering stablecoin payment experiences for its clients.

Broader Market Context for Stablecoins

The funding arrives amid continued growth in stablecoin activity even as the wider cryptocurrency market has faced pressure. According to Chainalysis data, cross-border stablecoin flows rose 77.5 percent to $220.3 billion in the 12 months ending June 2026. During the same period, the broader crypto market contracted by more than a third.

Total supply of dollar-pegged stablecoins has risen above $295 billion. Tether’s USDT accounts for about $183.4 billion of that total, while Circle’s USDC stands near $76 billion.

Visa has reported significant expansion in its own stablecoin-related activity. During its fiscal second quarter, more than 160 stablecoin-linked card programs were live globally. Payment volume through those programs rose nearly 200 percent year over year. Visa’s stablecoin settlement volume has surpassed a $20 billion annualized run rate, more than 15 times its level a year earlier.

Citi has projected that the stablecoin market could reach $1.9 trillion by 2030, up from roughly $300 billion currently. The firm estimates this could underpin as much as $100 trillion in annual onchain settlement volume. Public equities are expected to lead capital markets onto that infrastructure, with approximately 3 percent of the U.S. equity market projected to be tokenized by the end of the decade.

HIFI was founded in 2022. Its composable API platform is designed to enable developers, fintechs, and global businesses to build financial products that move, convert, route, and program value across stablecoins, bank rails, and payment networks through a single integration.