Stablecoin infrastructure firm HIFI raises $37 million in Series A round led by Left Lane Capital

PANews, September 24 — Stablecoin infrastructure company HIFI has completed a $37 million Series A funding round led by Left Lane Capital, with the specific valuation undisclosed, according to The Block. HIFI CEO Zach Walsh said this is the company's first priced funding round, and the platform currently processes roughly $7 billion in annualized direct transaction volume. The funding will be used to expand stablecoin payment products and tokenized capital markets infrastructure. HIFI currently supports on- and off-ramps between U.S. dollars and stablecoins, payments through the U.S. banking system and bank cards, and U.S. dollar cash settlement services for tokenized repurchase agreements and U.S. Treasury transactions. HIFI has also previously participated in tokenized securities production transaction testing with the Depository Trust & Clearing Corporation (DTCC).