HIFI has raised $37 million in a Series A funding round led by Left Lane Capital, giving the New York-based stablecoin payments and tokenized-assets company fresh capital to expand infrastructure aimed at connecting bank payment rails with digital-asset settlement.
The company said the funding will support a broader product suite built around a single application programming interface, or API, that combines money movement, compliance checks and settlement. HIFI says its platform processes more than $7 billion in annualized volume across 87 countries.
The raise arrives after HIFI took part in production trades involving DTC-tokenized securities in July, alongside BlackRock, Goldman Sachs and Nasdaq. Those transactions were run through the Depository Trust & Clearing Corporation’s infrastructure, placing HIFI in an experiment that tested how tokenized versions of conventional securities could operate within established post-trade market systems.
That combination of payments infrastructure and tokenized capital-markets activity sets HIFI apart from companies focused solely on issuing stablecoins or building consumer payment apps. Its pitch is centered on the operational layer: enabling companies to move funds, meet compliance requirements and settle transactions across traditional and blockchain-based systems without building separate connections for each function.
From stablecoin payouts to tokenized securities
HIFI’s latest financing follows a partnership with Visa announced earlier this month. Under that arrangement, HIFI plans to extend its stablecoin settlement platform to money transfers and card payments, beginning with stablecoin-funded payouts to more than 4 billion Visa cards worldwide.
The planned service would allow businesses using stablecoins to send value to cardholders through Visa’s network, rather than requiring recipients to hold a crypto wallet or interact directly with blockchain infrastructure. The approach targets a practical obstacle for stablecoin payment providers: stablecoins can move quickly on public blockchains, but businesses and recipients often need access to familiar bank accounts, cards and local payment methods.
Visa said this month that stablecoin settlement on its network had surpassed a $20 billion annualized run rate, more than 15 times the level reported a year earlier. The company’s figure measures activity processed through its stablecoin settlement programs and should not be read as a measure of the entire stablecoin payments market.
A Visa survey released Wednesday also found that 56% of U.S. adults said they would use stablecoins if they came with hypothetical bank-level fraud protection and deposit insurance. That fell to 36% when those protections were not included. The results point to a constraint that payments companies such as HIFI will need to address: users may be interested in faster digital-dollar transfers, but protections associated with regulated banking remain central to adoption.
Infrastructure companies target the settlement gap
Stablecoins have grown into one of the crypto market’s main transaction tools, particularly for cross-border transfers, trading settlement and on-chain financial applications. Dollar-linked tokens account for the bulk of the sector, with USDT and USDC among the largest circulating products.
For companies attempting to bring stablecoins into mainstream payment flows, issuance is only one part of the system. Businesses also need identity checks, sanctions screening, transaction monitoring, currency conversion, local payout options and clear accounting records. HIFI’s strategy is to package those functions with settlement access in one integration.
That could appeal to financial institutions and payment companies that want to use tokenized dollars without directly managing several blockchain connections and compliance vendors. It also places HIFI in a competitive segment that includes payment processors, custodians, stablecoin issuers and financial-technology companies seeking to turn blockchain settlement into a behind-the-scenes service.
The company’s participation in DTCC production trades adds a separate capital-markets dimension. Tokenized securities are digital representations of traditional assets such as shares, bonds or fund interests. Supporters argue they could streamline recordkeeping and settlement, though broad deployment depends on legal frameworks, interoperability and the willingness of market infrastructure providers to adopt the technology.
DTCC’s involvement matters in that context because the organization operates critical clearing and settlement infrastructure for U.S. securities markets. HIFI’s role in the July trades suggests its technology is being tested in workflows that extend beyond stablecoin transfers and into regulated securities operations.
Funding tests whether integration can become a business advantage
The Series A round gives HIFI resources to pursue both tracks: stablecoin-based payments distributed through conventional networks and tokenized-asset settlement tied to established market infrastructure. The company did not detail how the $37 million would be allocated among product development, geographic expansion, compliance operations or commercial partnerships.
Its reported $7 billion annualized volume provides an indication that the business already handles meaningful transaction flows, though annualized figures are projections based on a shorter period and do not necessarily represent completed volume over a full year.
The next challenge will be converting technical integrations and pilot participation into recurring payment and settlement activity. Visa’s card reach offers a potentially large distribution channel for stablecoin-funded payouts, while the DTCC-linked work gives HIFI exposure to institutions exploring tokenized securities. Those markets operate on different timelines: payment products can expand through merchant and card-network partnerships, while securities infrastructure changes tend to move through controlled testing and regulatory review.
HIFI’s funding round reflects growing demand for firms that can bridge those two environments without asking users or institutions to abandon existing financial rails.
Explore how stablecoins reshape payments and regulation in Asia in our deep dive on stablecoins in Asia today.
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