Trace Finance Secures $32M to Enhance Cross-border Stablecoin Services

WHO:

Techmeme - Trace Finance is the organization involved in the funding.

Cointelegraph - CoinFund led the Series A funding round.

WHAT:

Techmeme - Trace Finance raised $32 million in a Series A funding round.

Cointelegraph - The funding is intended to enhance cross-border stablecoin settlement services.

WHERE:

Techmeme - The services provided by Trace Finance focus on cross-border payments across Latin America.

WHY:

Cointelegraph - The funding comes as stablecoin regulation advances globally and financial firms are investing in infrastructure that connects blockchain payments with traditional banking systems.

HOW:

Techmeme - The funding was raised through a Series A investment round.

(UPDATED June 17, 2026 17:59 UTC)

Trace Finance has successfully raised $32 million in a Series A funding round, led by CoinFund, to enhance cross-border stablecoin settlement services. This funding is particularly focused on improving cross-border payments across Latin America, as the demand for stablecoin regulation continues to grow globally. Financial firms are increasingly investing in infrastructure that bridges blockchain payments with traditional banking systems, making this a timely development in the financial landscape.