HIFI Raises $37 Million Series A to Expand Tokenized Settlement Infrastructure

New York-based stablecoin infrastructure firm HIFI has secured $37 million in a Series A funding round led by Left Lane Capital, with participation from new board member Matthew Miller. The company, which participated in the DTCC's tokenized securities pilot, plans to use the capital to obtain additional regulatory licenses, expand its card payment services, and grow its capital markets operations. HIFI reports processing over $7 billion in annual volume, with a fourfold increase in customer usage over the past six months. The platform currently supports various institutional clients, including Sumitomo, Dapper, and Arival Bank, and recently launched stablecoin push-to-card payouts via Visa Direct.