Stablecoin infrastructure company HIFI completes $37 million Series A funding round, led by Left Lane Capital

Odaily News: Stablecoin infrastructure company HIFI has completed a $37 million Series A funding round, led by Left Lane Capital, with the specific valuation not yet disclosed. HIFI CEO Zach Walsh stated that this is the company's first priced funding round, and the platform currently directly processes approximately $7 billion in annualized transaction volume. This round of funding will be used to expand stablecoin payment products and tokenized capital markets infrastructure. HIFI currently supports fiat on/off ramps between USD and stablecoins, payments through the U.S. banking system and bank cards, and provides USD cash settlement services for tokenized repurchase agreements and U.S. Treasury transactions. HIFI previously also participated in the U.S. Depository Trust & Clearing Corporation (DTCC)'s tokenized securities production transaction testing. (Cointelegraph)