HIFI banks $37M while the rest of crypto is still figuring out its wallet 💸

Stablecoin infrastructure firm HIFI has closed a $37 million Series A led by Left Lane Capital, with the company saying it is processing approximately $7 billion in annualized volume directly through its platform. The round is HIFI's first priced funding round, and the company did not disclose its valuation. CEO Zach Walsh described the proceeds as fuel for scaling the firm's tokenized capital markets infrastructure and broadening its stablecoin payments products.

The funding lands against a sharply uneven backdrop for digital assets. Cross-border stablecoin flows climbed 77.5% to $220.3 billion in the 12 months ending June 2026, according to Chainalysis, even as the broader crypto market contracted by more than a third over the same period. Demand has been driven in part by banks and market infrastructure providers moving to onchain settlement. In July, the Depository Trust & Clearing Corporation ran production trades using tokenized securities across US Treasury and repo settlement, equity transactions, securities lending and collateral workflows, with HIFI participating alongside BlackRock, Goldman Sachs and Nasdaq. DTCC has said it plans to launch its Tokenization Service in October.

HIFI's product set connects dollars to stablecoins, routes payouts through US banking rails and cards, and settles the cash side of tokenized repo and Treasury transactions in US dollars. The company has expanded into card-based payouts through Visa Direct, letting customers convert USDC and deliver proceeds to eligible Visa debit and credit cards globally. Adoption signals from Visa have accelerated: on Sept. 9 the company said more than 160 stablecoin-linked card programs were live globally in its fiscal second quarter, with payment volume through those programs rising nearly 200% year over year. Visa also reported that stablecoin settlement volume had surpassed a $20 billion annualized run rate, more than 15 times its level a year earlier.

The Series A and product expansion underscore how stablecoins and tokenized assets continue to draw institutional infrastructure investment, even as price activity in other segments of the crypto market has cooled. Walsh framed the round as a step toward connecting onchain networks more directly to the banking system at a moment when payments and financial assets are increasingly being represented on blockchains. HIFI's next phase will focus on expanding tokenized capital markets infrastructure alongside its stablecoin payments suite.