HIFI Raises $37M Series A to Build Settlement Rails for Tokenized Money

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HIFI, the New York stablecoin infrastructure company that took part in DTCC’s July tokenized securities trades, raised a $37 million Series A led by Left Lane Capital, it said on Thursday, with the money going to licenses, cards and capital markets.Matthew Miller, Managing Partner at Left Lane Capital, joins the board. HIFI said its platform moves more than $7 billion a year and that usage among existing customers has grown more than fourfold in six months.Companies building on it have also onboarded more than 10,000 businesses and 200,000 individuals, with payouts reaching 87 countries, the team stated.Repo Trades and Visa PayoutsSumitomo is rebuilding its cash management and trading operations on the platform, Dapper is building digital marketplaces on it, and Arival Bank uses it for stablecoin payments.A Form D that HIFI Bridge, Inc. filed with the SEC on September 3 covers a $27.3 million equity offering, $21.8 million of which has been sold to 24 investors since a first sale on August 19.DTCC ran production trades with tokenized DTC-held securities on July 15 across more than 30 firms, among them BlackRock, Goldman Sachs, J.P. Morgan and Nasdaq, covering collateral pledges, securities lending and Treasury and repo settlement, before an October launch of its tokenization service.HIFI said it was part of the tokenized repo pilot and also supported a live tokenized repo trade on Tradeweb between DRW and Marex, settled on Canton with USDCx as the cash leg. This month HIFI launched stablecoin push-to-card payouts through Visa Direct, starting with payouts to more than 4 billion Visa cards worldwide, and has integrated with the Circle Payments Network.Visa and DTCC are founding validators of Circle’s Arc blockchain alongside BlackRock, Mastercard and Standard Chartered.“We think of settlement as one problem, not three,” said Zach Walsh, CEO of HIFI.Licenses, Cards and Capital MarketsThe round will pay for additional regulatory licenses so more of the stack runs under HIFI directly, a bigger team in New York and abroad, and an extension from payments into cards and capital markets, where Walsh said custody and control remain the hardest problems.Payment stablecoins gained a federal framework under the GENIUS Act in July 2025, and stablecoin supply stands near $307 billion, per Blockworks.On the securities side, the SEC issued an Innovation Exemption on September 17 that lets permissioned venues trade tokenized US stocks onchain.“HIFI is building an important layer in that market, giving developers the infrastructure to create products that can operate across networks and borders,” Miller said.The post HIFI Raises $37M Series A to Build Settlement Rails for Tokenized Money appeared first on CryptoPotato.