HIFI raises $37 million Series A led by Left Lane Capital for tokenized settlement rails
HIFI, a New York stablecoin infrastructure company, raised a $37 million Series A led by Left Lane Capital, its first priced round, with no valuation disclosed.
Why it matters
HIFI sells the plumbing that moves dollars between bank rails, cards and stablecoins, and it says it already handles more than $7 billion in annualized volume across 87 countries, so the round funds capacity rather than a new product category. Cointelegraph reported separately that SoFi began settling debit and credit card transactions with Mastercard in SoFiUSD, a program SoFi expects to process more than $25 billion in annualized volume, and that a SoFi spokesperson called the change an alternative settlement rail rather than a removal of card networks and banks. The raise is one of several stablecoin-settlement moves reported in the same days, and no source in the set gives HIFI's valuation, revenue or profitability.
Where the sources disagree
Whether the round's investors and structure were disclosed
Left Lane Capital led the round and Matthew Miller joins the board
The Block, CryptoPotato, Crypto News (CryptoNews.net)
Investors, valuation and round structure were not disclosed
Bitcoin Insider
Bitcoin Insider says the reporting disclosed no investors, valuation or round structure, while The Block, CryptoPotato and Crypto News all name Left Lane Capital as lead and CryptoPotato names Matthew Miller as the incoming board member.
Size of the equity raise
$37 million Series A
The Block, Cointelegraph, CryptoPotato, Crypto News (CryptoNews.net), NewsBTC, Bitcoin Insider
$27.3 million equity offering, $21.8 million sold to 24 investors since August 19
CryptoPotato, Crypto News (CryptoNews.net)
The announced Series A is $37 million, while the Form D that HIFI Bridge, Inc. filed with the SEC on September 3 covers a $27.3 million offering with $21.8 million sold to 24 investors.
Which firms took part in DTCC's July tokenized trades
BlackRock, Goldman Sachs and Nasdaq
The Block, NewsBTC
More than 30 firms including BlackRock, Goldman Sachs, J.P. Morgan and Nasdaq
CryptoPotato, Crypto News (CryptoNews.net)
The Block and NewsBTC list BlackRock, Goldman Sachs and Nasdaq, while CryptoPotato and Crypto News add J.P. Morgan and give a count of more than 30 firms.
Key facts
HIFI raised a $37 million Series A led by Left Lane Capital.
37,000,000 USDDisputed figureReported by The Block
CEO Zach Walsh told Cointelegraph the Series A is HIFI's first priced funding round and the company did not disclose its valuation.
Reported by Cointelegraph
HIFI says its platform processes more than $7 billion in annualized volume across 87 countries.
7,000,000,000 USDReported by The Block
Matthew Miller, managing partner at Left Lane Capital, joins HIFI's board.
Reported by CryptoPotato
A September partnership with Visa will initially support stablecoin-funded payouts to more than 4 billion Visa cards worldwide.
4,000,000,000Reported by The Block
HIFI took part in DTCC's production trades with tokenized DTC-held securities on July 15, which CryptoPotato says covered more than 30 firms.
Disputed figureReported by The Block
HIFI supported a live tokenized repo trade on Tradeweb between DRW and Marex, settled on Canton with USDCx as the cash leg.
Reported by CryptoPotato
Usage among HIFI's existing customers grew more than fourfold in six months, and companies building on the platform have onboarded more than 10,000 businesses and 200,000 individuals.
Reported by CryptoPotato
What happened
HIFI, a New York company that sells stablecoin and tokenized-asset infrastructure, raised a $37 million Series A led by Left Lane Capital, announcing the round in a statement shared with The Block on Thursday. Cointelegraph quotes CEO Zach Walsh calling it HIFI's first priced funding round, and CryptoPotato reports that Matthew Miller, managing partner at Left Lane Capital, joins the board. HIFI says the money funds tokenized capital-markets infrastructure, card products and licenses, and that its platform handles more than $7 billion in annualized volume across 87 countries, with usage among existing customers up more than fourfold in six months, according to CryptoPotato. The round follows HIFI's role in DTCC's production trades with tokenized DTC-held securities on July 15, which CryptoPotato says ran across more than 30 firms including BlackRock, Goldman Sachs, J.P. Morgan and Nasdaq, and a September agreement with Visa for stablecoin-funded payouts to more than 4 billion Visa cards, per The Block. Cointelegraph, citing Chainalysis, reported that cross-border stablecoin flows rose 77.5% to $220.3 billion in the twelve months to June 2026 while the wider crypto market fell by more than a third. Bitcoin Insider, republishing NewsBTC's coverage, says the investors, valuation and round structure were not disclosed, and a Form D that HIFI Bridge, Inc. filed with the SEC on September 3 covers a $27.3 million equity offering, with $21.8 million sold to 24 investors since a first sale on August 19.
How the story developed
- Official statement
HIFI Bridge, Inc. files Form D with the SEC
The filing covers a $27.3 million equity offering, of which $21.8 million was sold to 24 investors since a first sale on August 19.
- First report
First report by The Block
HIFI raises $37 million Series A to expand tokenized capital markets infrastructure
- Independent corroboration
Independently corroborated by Cointelegraph
HIFI raises $37M to expand stablecoin payments, tokenized markets
- Official statement
HIFI and Visa expand stablecoin settlement to card payouts
The Block reported the partnership will initially support stablecoin-funded payouts to more than 4 billion Visa cards worldwide; the exact announcement date was not given beyond earlier in September.
- Update
HIFI announces the $37 million Series A
The round was shared with The Block in a company statement; Cointelegraph quotes CEO Zach Walsh calling it the company's first priced round, with valuation undisclosed.
- Official statement
DTCC runs production trades with tokenized DTC-held securities
More than 30 firms took part in collateral pledges, securities lending and Treasury and repo settlement, ahead of an October launch of DTCC's tokenization service; HIFI says it was part of the tokenized repo pilot.
- Update
CryptoPotato adds the board seat, customer growth figures and Form D detail
The report names Matthew Miller as the incoming Left Lane board member and gives usage growth of more than fourfold in six months.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 24 Sept 2026, 12:00 UTC: The Block — 1 independent source, 1 reports
- 24 Sept 2026, 12:00 UTC: Cointelegraph — 2 independent sources, 2 reports
- 25 Sept 2026, 22:02 UTC: CryptoPotato — 3 independent sources, 4 reports
- 26 Sept 2026, 06:16 UTC: Bitcoin Insider — 4 independent sources, 7 reports
Affected entities
Also mentioned: Mastercard, Nasdaq, Tether USDt, USD Coin, Federal Reserve, United States, Solana
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| The Block Crypto media | HIFI raises $37 million Series A to expand tokenized capital markets infrastructure | Original | |
| Cointelegraph Crypto media | HIFI raises $37M to expand stablecoin payments, tokenized markets | Independent | |
| Cointelegraph Crypto media | SoFi tie-up shows stablecoins can provide alternative blockchain settlement rail | Independent | |
| CryptoPotato Crypto media | HIFI Raises $37M Series A to Build Settlement Rails for Tokenized Money | Independent | |
| NewsBTC Crypto media | HIFI Raises $37M To Build Stablecoin And Tokenized Market Infrastructure | Independent | |
| Crypto News (CryptoNews.net) Aggregator | HIFI Raises $37M Series A to Build Settlement Rails for Tokenized Money | Syndicated | |
| Bitcoin Insider Aggregator | HIFI Secures $37 Million Funding Round To Build Stablecoin And Tokenization Infrastructure | Syndicated |
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