Key Takeaways:
Trace Finance closed a $32M Series A led by Coinfund, with Coinbase Ventures and Haun Ventures among the participants.The company has processed over $10B in cross-border volume and serves the top 4 global payment providers in LatAm.Trace plans to expand regulated stablecoin infrastructure into the U.S., APAC, and additional markets using the new capital.Brites said the Series A funds will deepen the company’s banking, payments, and compliance infrastructure for global fintechs, exchanges, international banks, and enterprises that need to bridge digital settlement with local financial systems.
The Investor CaseEinar Braathen, Partner at Coinfund, framed Brazil as both a proof point and a filter. “Brazil is one of the largest and most operationally complex payment environments in the world,” Braathen remarked, adding that Trace built a regulated infrastructure that blue-chip businesses are using to scale while reducing costs compared to legacy alternatives.
Where the Money GoesTrace will use the capital to pursue large global enterprises, deepen its FX and bank connectivity products, and expand its regulated footprint across Brazil, the United States, APAC, and additional priority jurisdictions.
What’s NextTrace built its core infrastructure in one of the world’s most demanding regulatory environments. The question investors are now pricing in: whether that compliance stack travels as cleanly to APAC as it did from the U.S. to Brazil.
