New York-based stablecoin infrastructure company HIFI has raised a $37 million Series A funding round led by Left Lane Capital to expand its settlement rails across regulatory licenses, card networks, and capital markets. Matthew Miller, Managing Partner at Left Lane Capital, will join HIFI's board of directors.
- $37M Series A: Led by Left Lane Capital, alongside an SEC Form D filing for HIFI Bridge, Inc. showing $21.8 million sold out of a $27.3 million offering to 24 investors since August 19.
- Scale and Reach: HIFI processes over $7 billion annually, supporting 10,000 businesses, 200,000 individuals, and payouts across 87 countries.
- Institutional Adoption: Supporting client operations for Sumitomo, Dapper, and Arival Bank, alongside participation in DTCC tokenization initiatives.
- Visa & Circle Integrations: Enabled push-to-card payouts to over 4 billion cards via Visa Direct and integrated with the Circle Payments Network.
HIFI reported that platform usage among existing customers grew more than fourfold over six months. Client implementations include Sumitomo rebuilding its cash management and trading operations on HIFI, Dapper building digital marketplaces, and Arival Bank processing stablecoin payments. An SEC Form D filed by HIFI Bridge, Inc. on September 3 details a $27.3 million equity offering, with $21.8 million raised from 24 investors since its first sale on August 19.
Institutional Pilots and Global Card Rails
HIFI participated in the Depository Trust & Clearing Corporation (DTCC) tokenized securities pilot on July 15, which involved more than 30 firms such as BlackRock, Goldman Sachs, J.P. Morgan, and Nasdaq ahead of an October tokenization launch. HIFI supported the tokenized repo pilot and a live tokenized repo trade on Tradeweb between DRW and Marex, settled on Canton using USDCx as the cash leg.
Additionally, HIFI introduced stablecoin push-to-card payouts via Visa Direct covering over 4 billion Visa cards globally and integrated with the Circle Payments Network. Visa and DTCC serve as founding validators of Circle's Arc blockchain alongside BlackRock, Mastercard, and Standard Chartered.
"We think of settlement as one problem, not three," stated Zach Walsh, CEO of HIFI.
Expansion into Capital Markets and Regulatory Frameworks
The Series A capital will fund regulatory licenses to run more of the stack directly, team expansion in New York and internationally, and growth into cards and capital markets where Walsh noted custody and control remain the primary hurdles.
Regulatory adoption has accelerated following the federal framework for payment stablecoins under the GENIUS Act in July 2025, as global stablecoin supply stands near $307 billion. Additionally, the SEC issued an Innovation Exemption on September 17 permitting permissioned trading venues to facilitate onchain U.S. stock trading. Institutional deposit and settlement tokenization continues to expand across major financial actors, mirroring broader banking initiatives such as when IBM linked 17 banks to SWIFT's shared ledger for tokenized deposit pilots.
"HIFI is building an important layer in that market, giving developers the infrastructure to create products that can operate across networks and borders," remarked Miller.
Why It Matters
HIFI's expansion highlights the rapid integration of stablecoins and tokenized assets into mainstream settlement architecture. As legacy financial market infrastructures like DTCC and global card networks like Visa move live transactions onchain, backend providers offering compliant cross-chain connectivity stand to capture primary transaction flow. Market participants should monitor whether HIFI's extension into capital markets accelerates secondary-market trading of tokenized corporate debt and repos.
