Trace Finance Raises $32M for Cross-Border Stablecoin Settlement

Trace Finance has raised $32 million in a funding round to scale its cross-border stablecoin settlement infrastructure, the company announced. The investment comes as stablecoin regulation advances in multiple jurisdictions and traditional financial institutions increasingly invest in blockchain-based payment rails.

Funding Details

The round was led by venture capital firms focused on fintech and blockchain. Trace Finance plans to use the capital to expand into new markets, enhance its technology stack, and hire additional staff. The company’s platform enables businesses to settle cross-border payments using stablecoins, bridging blockchain liquidity with traditional banking systems.

Trace Finance operates a settlement network that connects cryptocurrency exchanges, payment processors, and banks. By leveraging stablecoins, the platform aims to reduce transaction times and costs compared to conventional correspondent banking. The funding follows a broader trend of growing institutional interest in blockchain-based settlement solutions.