Trace Finance, which provides stablecoin settlement infrastructure for cross-border payments across Latin America, raised a $32M Series A led by CoinFund

Trace Finance just pulled in $32 million in a Series A round led by CoinFund. The company builds stablecoin settlement infrastructure specifically designed for cross-border payments across Latin America.

The raise signals growing investor appetite for crypto-native payment rails in emerging markets. Latin America has long been plagued by slow, expensive cross-border transfers — exactly the kind of friction stablecoins were built to eliminate.

Trace Finance sits at the intersection of two hot trends: stablecoin adoption going mainstream and LatAm's booming demand for better financial infrastructure. Rather than competing with banks directly, the company provides the settlement plumbing that makes cross-border stablecoin transactions actually work at scale.

CoinFund leading the round gives Trace credible crypto-native backing. With $32M in the tank, expect the company to push deeper into the region's fragmented payments landscape.