HIFI has raised $37 million in a Series A round led by Left Lane Capital to expand its stablecoin payment products and tokenized market infrastructure. The company’s valuation was not disclosed.

HIFI Infrastructure: On/Off-Ramp, Card Payouts, and Settlements for Treasuries and Repo

The HIFI platform enables users to convert dollars to stablecoins and back, make payouts via U.S. banking channels and cards, and settle the cash leg of transactions in tokenized US Treasuries and repo in dollars. The funding will be used to scale tokenized capital market infrastructure and develop the stablecoin payment product suite.

First Priced Round and About $7 Billion in Annual Volume

This round is HIFI’s first priced funding round; the company is not disclosing its valuation. According to the company, the platform processes approximately $7 billion in annual volume.

DTCC Conducted Production Transactions with Tokenized Assets

In July, DTCC conducted production transactions with tokenized securities, including settlements for US Treasuries and repo, equity trades, and securitized lending and collateral operations. More than 30 companies participated in the pilot, including HIFI, BlackRock, Goldman Sachs, and Nasdaq. DTCC plans to launch its Tokenization Service in October.

Growth in Stablecoin Usage: Visa and Cross-Border Flows

HIFI has expanded into card payouts via Visa Direct, allowing clients to convert USDC and send funds to eligible Visa debit and credit cards worldwide. Visa reports that in the second fiscal quarter, there were over 160 card programs linked to stablecoins globally, with payment volume rising nearly 200% year over year. Visa’s annual stablecoin settlement volume exceeded $20 billion, more than 15 times higher than the previous year. Against this trend, cross-border stablecoin transfers for the 12 months ending June 2026 grew by 77.5% to $220.3 billion, while the overall crypto market declined by more than a third in the same period.