Stablecoin and capital market infrastructure company HIFI has secured a $37 million Series A investment led by Left Lane Capital. The valuation at the time of investment was not disclosed. HIFI currently processes $7 billion in annual payment and settlement volume, and the raised funds will be used to build tokenized capital market infrastructure and expand its stablecoin payment product suite. Previously, HIFI participated in DTCC's tokenized Treasury and Repo settlement pilot alongside BlackRock, Goldman Sachs, and others. Furthermore, HIFI supports global card remittance services for USDC through its integration with Visa Direct. In line with the increasing adoption of blockchain by traditional institutions and the surging demand for stablecoin payments, competition in on-chain payment infrastructure is intensifying.
