Fintech firm Trace Finance raised 32 million dollars on June 17, 2026, in a Series A funding round. The new capital will expand its settlement network designed to connect global commercial payments with regulated stablecoin assets and traditional international banking systems directly.
The financing round was led by venture capital firm CoinFund. A corporate statement released Wednesday detailed the participation of other strategic digital asset investors, including Coinbase Ventures, Jump Capital, and Paxos, who supported the expansion of this financial infrastructure.
Trace Finance provides specialized banking, foreign exchange, and cross-border settlement services across Latin America. The platform reported processing a transaction volume exceeding 10 billion dollars and plans to execute its upcoming market expansion into the United States and the Asia-Pacific region.
This capital injection follows a previous seed financing round completed in 2022. During that period, the payment infrastructure firm secured a 4.3 million funding investment led by HOF Capital, alongside strategic participation from Circle Ventures and Mantis VC.
Infrastructure expansion and global regulatory frameworks
The movement of institutional funds coincides with sustained growth in the global digital asset ecosystem. The total capitalization of the stablecoin market reached approximately 315 billion dollars, according to commercial metrics and network infrastructure data provided by platforms earlier this week.
Regulation policy discussions accelerated significantly across multiple international jurisdictions. This shift occurred after US President Donald Trump signed and enacted the law known as GENIUS Act in July 2025, driving development of new compliance frameworks and commercial systems.
Meanwhile, Hong Kong implemented its comprehensive Stablecoin Ordinance in August 2025. Asian regulatory authorities recently granted their first batch of official operational licenses under a strict same risk approach framework and identical framework for the digital asset industry.
In contrast, the People’s Bank of China maintains a rigorous supervisory stance. Official Wang Xin stated on June 17, 2026, that authorities monitor these assets closely, while the institution enforces an active crackdown on stablecoin networks and tokenized real-world assets.
This direct oversight from the central issuer complements previous institutional commentary from October 2025. At that time, Governor Pan Gongsheng described stablecoins as high-risk mechanisms, highlighting their potential unauthorized use for executing illegal cross-border capital transfers.
Facing this shifting regulatory landscape, private enterprises are increasing the development of payment networks. Last Thursday, international payout platform MassPay established a partnership with Coinbase to offer USDC payouts, aiming to reduce processing costs for global currency settlements.
Furthermore, other prominent financial infrastructure providers have consolidated their technical presence in this specific commercial sector. Stripe completed its acquisition of startup Bridge in 2025, while Circle launched its network in May 2025 to connect commercial banks and digital wallets.
The deployment of Trace Finance capital into Asia-Pacific represents the next verifiable milestone for the corporate group. The company expects to submit its initial regulatory compliance reviews within these new international jurisdictions during the upcoming semester of commercial operations.
This article is for informational purposes only and does not constitute financial advice.
