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

HIFI, a stablecoin infrastructure company, has completed a $37 million Series A funding round led by Left Lane Capital. HIFI CEO Zach Walsh stated that this is the company's first round of pricing financing, and the platform currently handles approximately $7 billion in annualized direct transactions. This round of financing is used to expand stablecoin payment products and tokenized capital market infrastructure. HIFI supports the inflow and outflow of funds between the US dollar and the stable currency, makes payments through the US banking system and bank cards, and provides US dollar cash settlement services for token based repurchase agreements and US treasury bond bond transactions. HIFI participated in the production and trading testing of tokenized securities by the Depository Trust and Clearing Corporation (DTCC) in the United States. (Source: The Block)