Trace Finance is a financial technology company specializing in stablecoin infrastructure and cross-border payment solutions, primarily focusing on Brazil and the larger Latin American (LatAm) region. The company offers a platform that facilitates fast and compliant currency conversions and international transactions, leveraging blockchain technology to bridge traditional financial systems with digital assets. Trace Finance was founded to address the inefficiencies and delays associated with cross-border payments, particularly in emerging markets like Brazil. ^[1]

Overview

Trace Finance enables users to convert Brazilian Reais (BRL) to stablecoins such as USDC within a minute via the Brazilian instant payment system PIX. The platform supports multi-currency accounts in BRL, USD, and EUR, and integrates with local rail systems such as SPEI, ACH, and SEPA for seamless cross-border transactions. ^[1]

The company's infrastructure supports real-time balance tracking, foreign exchange (FX) management, and a lock rate feature that secures the exchange rate for a short window, adding predictability to international payments. ^[1]​

History and Funding

In June 2026, Trace Finance raised $32 million in a Series A funding round led by CoinFund. Other prominent participants included Coinbase Ventures, Jump Capital, and Paxos. This funding aimed to accelerate Trace Finance's expansion into broader markets, including the United States and the Asia-Pacific region. ^[2]​

In 2022, Trace Finance completed a $4.3 million seed round led by HOF Capital with participation from Circle Ventures and Mantis VC, highlighting the growing interest in digital financial solutions. ^[2]

This funding reflects the increasing investment in regulated infrastructures that connect traditional banking systems to blockchain-based payment networks as stablecoin regulations advance globally.

Technology and Products

Trace Finance's core offering revolves around an API-enabled platform that streamlines cross-border payments and currency conversions without the need for users to establish a local entity. This platform provides multi-currency accounts accessible via named and virtual accounts, enabling real-time balance tracking and foreign currency conversions. ^[1]

The integration of PIX, Brazil's fast payment system, allows users to convert BRL to stablecoins at institutional liquidity levels, achieving under-a-minute settlements. ^[1]​

The stablecoin on/off-ramp service is a prominent feature of Trace Finance, facilitating BRL to USDC conversions and vice versa, utilizing deep liquidity and optimal execution through multi-source routing. The company ensures regulatory compliance with built-in Anti-Money Laundering and Counter Terrorism Financing regulations, automatic Know Your Customer (KYC) checks, and tracking of transaction histories, aiming for transparency and auditability. ^[1]​

Partnerships and Ecosystem Role

Trace Finance plays a significant role in facilitating financial transactions for a variety of enterprises, including international payment service providers (PSPs), banks, non-bank financial institutions, and fintech companies launching new services in the LatAm market.

By offering extensive local payment rail access and multi-currency settlement capabilities, Trace Finance supports these organizations in overcoming the complexities of regional and cross-border payments. ^[1]​

Market and Global Impact

The company's platform positions it as an essential bridge between traditional financial systems and the growing demand for digital assets across the globe.

With more than $10 billion transacted through its infrastructure, Trace Finance underscores its capability in handling high transaction volumes with efficiency and reliability. ^[2]

As regulations surrounding stablecoins evolve, Trace Finance remains at the forefront, providing the necessary infrastructure for compliant and efficient cross-border transactions, thereby reinforcing its position in the dynamic financial technology landscape.