Stablecoin infrastructure company HIFI has completed a $37 million Series A financing, led by Left Lane Capital

According to The Block, stablecoin infrastructure company HIFI has completed a $37 million Series A funding round, led by Left Lane Capital, with specific valuation yet to be disclosed.

HIFI CEO Zach Walsh stated that this is the company's first priced funding round, and the platform currently processes an annualized transaction volume of approximately $7 billion. This round of funding will be used to expand stablecoin payment products and tokenized capital market infrastructure.

HIFI currently supports the inflow and outflow of funds between the US dollar and stablecoins, facilitates payments through the US banking system and bank cards, and provides US dollar cash settlement services for tokenized repurchase agreements and US Treasury transactions. HIFI has also participated in the tokenized securities production trading tests of the US Depository Trust & Clearing Corporation (DTCC).