New York City-based HIFI, which provides API infrastructure for stablecoin payments and settlements, raised a $37M Series A led by Left Lane Capital

The cost to integrate stablecoins for business payments and settlements decreases.

HIFI, a New York City-based company specializing in API infrastructure for stablecoin payments and settlements, has successfully raised $37 million in a Series A funding round. The round was led by Left Lane Capital, with Matt Miller joining HIFI's board as part of the investment. HIFI's platform enables businesses to create financial products using stablecoins and tokenized money, processing over $7 billion annually. The company has onboarded more than 10,000 businesses and 200,000 individuals, demonstrating significant growth in customer usage over the past six months. HIFI has also participated in pilot programs, including DTCC's initiative for tokenized repo and a live tokenized repo trade on Tradeweb. The new funding will be allocated towards obtaining additional regulatory licenses, expanding the team internationally, and enhancing product offerings in areas such as cards and capital markets.

HIFI's funding round signals a growing investor confidence in the tokenization of money beyond just cryptocurrency markets, extending into broader financial applications. The company's focus on building core infrastructure suggests a strategic move to capture market share by providing the foundational tools for future financial products, akin to how stock market infrastructure evolved. This positions HIFI as a key player in the transition toward programmable money and assets interacting seamlessly.

The investment in HIFI, particularly its expansion into capital markets and integration with services like Visa Direct, indicates a trend towards bridging traditional finance with decentralized technologies. As more institutions explore stablecoins and tokenized assets, companies like HIFI that offer robust API infrastructure will become critical enablers, potentially streamlining cross-border payments, treasury management, and even complex financial instruments. The development of regulatory licenses by HIFI also highlights the path for blockchain-based financial services to achieve greater mainstream adoption.