HIFI, a New York-based stablecoin payments and tokenized assets infrastructure company, announced on Thursday that it has raised $37 million in Series A funding led by Left Lane Capital. The round will be used to expand HIFI’s tokenized capital markets infrastructure and broaden its product suite, including stablecoin payments and card issuance.
The company operates an API platform that unifies money movement, compliance, and settlement across bank rails and digital assets. It currently processes more than $7 billion in annualized volume, has onboarded more than 10,000 businesses and 200,000 end users, and reaches 87 countries. HIFI previously participated in DTCC’s July production trades using DTC-tokenized securities alongside BlackRock, Goldman Sachs, and Nasdaq. Earlier in September, HIFI partnered with Visa to expand its stablecoin settlement platform to money transfers and card payments, initially supporting stablecoin-funded payouts to over 4 billion Visa cards worldwide.
The announcement comes amid a broader stablecoin surge. Total dollar-pegged stablecoin supply now exceeds $295 billion, with Tether’s USDT at roughly $183.4 billion and Circle’s USDC at nearly $76 billion. Visa said its stablecoin settlement has surpassed a $20 billion annualized run rate, more than 15 times the level a year earlier. Citi projects the stablecoin market could reach $1.9 trillion by 2030, supporting as much as $100 trillion in annual onchain settlement volume. “Payments, spending, and capital markets have historically needed separate infrastructure. We built one layer that solves it for all three,” said HIFI CEO Zach Walsh.
