HIFI Secures $37 Million Series A to Bolster Tokenized Finance Infrastructure
HIFI, a New York-based company specializing in stablecoin infrastructure, has announced the successful closure of a $37 million Series A funding round. The investment, led by Left Lane Capital, is earmarked for expanding the company’s regulatory licenses, developing card services, and enhancing its capital markets offerings.
Matthew Miller, Managing Partner at Left Lane Capital, will join HIFI’s board of directors. The company stated that its platform currently facilitates over $7 billion in annual transactions, with a more than fourfold increase in usage among existing clients over the past six months.
Companies leveraging HIFI’s technology have onboarded over 10,000 businesses and 200,000 individuals, with payouts extending to 87 countries. Notable clients include Sumitomo, which is rebuilding its cash management and trading operations on the platform; Dapper, developing digital marketplaces; and Arival Bank, utilizing HIFI for stablecoin payments.
A filing with the Securities and Exchange Commission (SEC) on September 3 by HIFI Bridge, Inc. detailed a $27.3 million equity offering, of which $21.8 million has been sold to 24 investors since August 19.
This funding follows HIFI’s participation in the Depository Trust & Clearing Corporation’s (DTCC) July tokenized securities trades. DTCC conducted production trades involving tokenized DTC-held securities on July 15, involving over 30 firms, including BlackRock, Goldman Sachs, J.P. Morgan, and Nasdaq. These trades covered collateral pledges, securities lending, and Treasury and repo settlements, preceding DTCC’s planned October launch of its tokenization service.
HIFI confirmed its involvement in the tokenized repo pilot and its support for a live tokenized repo trade on Tradeweb between DRW and Marex. This trade was settled on Canton using USDCx as the cash leg. Earlier this month, HIFI launched stablecoin push-to-card payouts via Visa Direct, initially enabling payments to over 4 billion Visa cards globally, and has also integrated with the Circle Payments Network.
Visa and DTCC are among the founding validators of Circle’s Arc blockchain, alongside BlackRock, Mastercard, and Standard Chartered.
“We view settlement as a single, unified problem, not three distinct ones,” stated Zach Walsh, CEO of HIFI.
The Series A funding will be allocated to acquiring additional regulatory licenses, enabling HIFI to manage more of its technology stack directly. It will also support the expansion of its team in New York and internationally, and facilitate the extension of its services from payments into card and capital markets, areas where Walsh identified custody and control as persistent challenges.
The landscape for payment stablecoins is evolving, with a federal framework anticipated under the GENIUS Act in July 2025. The current stablecoin supply is estimated to be around $307 billion, according to Blockworks.
On the securities front, the SEC issued an Innovation Exemption on September 17, permitting permissioned venues to trade tokenized U.S. stocks on-chain.
“HIFI is constructing a crucial layer within this market, providing developers with the infrastructure to build products capable of operating across diverse networks and borders,” Miller commented.
