Press release · New York · June 17, 2026

$32M

Raised to scale global payments infrastructure

Trace Finance raises a $32M Series A led by CoinFund to scale global payments infrastructure across the U.S. and emerging markets.

With more than $10 billion in cross-border volume processed, Trace is expanding the infrastructure the world's largest technology and payments companies use to connect emerging markets to global FX settlement.

$32M
Series A, led by CoinFund
$10B+
Cross-border volume processed
#1
Provider to the 4 largest global payments companies in LatAm
5+
Regulated markets: US, Brazil, LatAm, APAC & beyond

Backed by

CoinFund
Circle Haun Ventures HOF Capital Jump Capital Mantis Stellar Valor Capital

Backed by founders of

BVNK Circle Mesh Paxos Sardine Solana

Press release

With more than $10 billion in cross-border volume processed, Trace Finance is expanding the infrastructure the largest technology and payments companies use to connect emerging markets to global FX settlement — as new rules push institutional flows toward regulated infrastructure.

NEW YORK, June 17, 2026 — Trace Finance, the U.S.-based financial infrastructure for cross-border banking and payments, today announced a $32 million Series A (approximately R$162 million) led by CoinFund, with participation from Coinbase Ventures, Haun Ventures, Valor Capital, Jump Capital, Paxos, HOF Capital and others. The investment will support Trace's expansion as the company scales its transaction capacity and extends its infrastructure into new, high-growth regulated corridors at global scale.

Connecting the U.S. to Latin America was the proving ground for Trace's broader vision. The region is one of the most complex in the world for international payment settlement — marked by poor service, high fees and operational friction. Trace's answer was to build a regulated financial institution in the U.S. to operate as the international settlement leg of these payments. With deep command of both markets — the U.S. and Latin America — the company became the only player with the expertise to serve major clients in this corridor. The result: more than $10 billion in cross-border volume processed and its consolidation as the leading provider to the four largest global payments companies in Latin America.

“The international payments market has transformed profoundly in recent years. Beyond technological advances, flows are becoming increasingly complex, requiring operators to have deep regulatory knowledge and to operate through local regulated structures. This round lets us deepen the payments, compliance and settlement infrastructure that the largest technology companies, exchanges, international banks and payment companies use to connect digital settlement to trusted local financial systems.”

Bernardo Brites, co-founder and CEO of Trace Finance

Trace will use the Series A to grow alongside large global platforms, deepen its product capabilities in FX, banking connectivity, compliance and international settlement, and expand its regulated footprint across the United States, Brazil, LatAm, APAC and other priority jurisdictions. The company is building a regulated financial layer that connects global liquidity to local financial systems in high-growth markets.

“The next phase of global money movement will be won by companies able to connect real-time settlement in the U.S. to trusted local financial systems. Latin America is one of the largest and most operationally complex payments environments in the world, and Trace has built the infrastructure that the world's largest technology and payments companies are using to scale — saving time and cost versus the alternatives.”

Einar Braathen, partner at CoinFund

The Series A was also supported by strategic investors including Chainlink Labs and SNZ Capital, alongside founders and executives from the payments, banking and blockchain ecosystems — among them Sean Neville, co-founder of Circle; Anatoly Yakovenko, co-founder of Solana Labs; Bam Azizi, co-founder and CEO of Mesh; and Ricardo Villela Marino, partner and Chairman of Latin America's largest bank, Itaú Unibanco.

Trace also has new settlement products in development, built on its regulated infrastructure and designed to deepen the company's role in connecting the local financial systems of the U.S., Brazil and Latin America to global payments liquidity — including through new technologies such as stablecoins.

About Trace Finance

Trace Finance is a U.S. company founded by Brazilians, providing financial infrastructure that enables cross-border payments, banking connectivity and FX across the United States, Brazil, LatAm and emerging markets around the world. The company combines local payment rails and compliance to help the largest technology companies, fintechs, exchanges, payment companies and global platforms move money through complex markets at institutional scale. Trace has already processed more than $10 billion in institutional cross-border volume and is the leading provider to the four largest global payments providers operating in Latin America, including Dlocal. The company is backed by CoinFund, Coinbase Ventures, Haun Ventures, Jump Capital, Polymorphic, Chainlink Labs, SNZ Capital, Kadan Capital, HOF Capital, Clocktower, FJ Labs, Paxos, Animoca Brands, among others. The Series A follows Trace's 2022 seed round, led by HOF Capital with participation from Circle Ventures, Mantis VC (The Chainsmokers), among others. Learn more at tracefinance.com.