Trace Finance Secures $32 Million Series A Funding for Stablecoin Infrastructure
Trace Finance, a stablecoin infrastructure firm, has successfully raised $32 million in a Series A funding round. The company also announced that its valuation increased tenfold since its initial seed round. CoinFund led the investment, with notable participation from Coinbase Ventures, Haun Ventures, Jump Capital, Paxos, and Chainlink Labs.
Trace Finance, a company specializing in stablecoin infrastructure, has announced the completion of its Series A funding round, securing $32 million.
The firm reported a significant increase in its valuation, which has grown by 10 times compared to its seed round.
The investment round was spearheaded by CoinFund. Other prominent participants included Coinbase Ventures, Haun Ventures, Jump Capital, Paxos, and Chainlink Labs, alongside additional investors.
According to The Block Crypto, Trace Finance is focused on developing essential infrastructure for stablecoins.
