Trace Finance Raises $32M Series A

Trace Finance, a New York-based financial infrastructure firm, raised $32 million in Series A funding. The round was led by CoinFund with participation from Coinbase Ventures, Haun Ventures, Jump Crypto, Valor Capital, Paxos, HOF Capital, Chainlink Labs, SNZ Capital, and strategic angel investors. The company offers regulated banking and payment connectivity for cross-border payments and stablecoin settlement.