# Trace Finance > Trace Finance offers stablecoin infrastructure for cross-border payments in Latin America, focusing on swift, compliant transactions via their API, holding multi-currency accounts, and processing up to $10 billion in transaction volume. - Canonical URL: https://iq.wiki/wiki/trace-finance - Categories: Projects & Protocols - Tags: Payments, Infrastructure - Created: 2026-06-18T14:31:45.810Z - Last updated: 2026-06-18T21:42:30.704Z - Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki) --- **Trace Finance** is a financial technology company specializing in [stablecoin](https://iq.wiki/wiki/stablecoin) infrastructure and cross-border payment solutions, primarily focusing on Brazil and the larger Latin American (LatAm) region. The company offers a platform that facilitates fast and compliant currency conversions and international transactions, leveraging [blockchain technology](https://iq.wiki/wiki/blockchain) to bridge traditional financial systems with [digital assets](https://iq.wiki/wiki/digital-assets). Trace Finance was founded to address the inefficiencies and delays associated with cross-border payments, particularly in emerging markets like Brazil. [\[1\]](#cite-id-16D0eRLqqJeVbnRD) ## Overview Trace Finance enables users to convert Brazilian Reais (BRL) to stablecoins such as [USDC](https://iq.wiki/wiki/usdc) within a minute via the Brazilian instant payment system PIX. The platform supports multi-currency accounts in BRL, USD, and EUR, and integrates with local rail systems such as SPEI, ACH, and SEPA for seamless cross-border transactions. [\[1\]](#cite-id-16D0eRLqqJeVbnRD) The company's infrastructure supports real-time balance tracking, foreign exchange (FX) management, and a lock rate feature that secures the exchange rate for a short window, adding predictability to international payments. [\[1\]](#cite-id-16D0eRLqqJeVbnRD)​ ## History and Funding In June 2026, Trace Finance raised $32 million in a Series A funding round led by CoinFund. Other prominent participants included [Coinbase](https://iq.wiki/wiki/coinbase) Ventures, Jump Capital, and Paxos. This funding aimed to accelerate Trace Finance's expansion into broader markets, including the United States and the Asia-Pacific region. [\[2\]](#cite-id-fzWcHIHWRN9C3II5)​ In 2022, Trace Finance completed a $4.3 million seed round led by HOF Capital with participation from [Circle](https://iq.wiki/wiki/circle) Ventures and Mantis VC, highlighting the growing interest in digital financial solutions. [\[2\]](#cite-id-fzWcHIHWRN9C3II5) This funding reflects the increasing investment in regulated infrastructures that connect traditional banking systems to blockchain-based payment networks as [stablecoin](https://iq.wiki/wiki/stablecoin) regulations advance globally. ## Technology and Products Trace Finance's core offering revolves around an API-enabled platform that streamlines cross-border payments and currency conversions without the need for users to establish a local entity. This platform provides multi-currency accounts accessible via named and virtual accounts, enabling real-time balance tracking and foreign currency conversions. [\[1\]](#cite-id-16D0eRLqqJeVbnRD) The integration of PIX, Brazil's fast payment system, allows users to convert BRL to stablecoins at institutional liquidity levels, achieving under-a-minute settlements. [\[1\]](#cite-id-16D0eRLqqJeVbnRD)​ The [stablecoin](https://iq.wiki/wiki/stablecoin) on/off-ramp service is a prominent feature of Trace Finance, facilitating BRL to [USDC](https://iq.wiki/wiki/usdc) conversions and vice versa, utilizing deep liquidity and optimal execution through multi-source routing. The company ensures regulatory compliance with built-in Anti-Money Laundering and Counter Terrorism Financing regulations, automatic Know Your Customer (KYC) checks, and tracking of transaction histories, aiming for transparency and auditability. [\[1\]](#cite-id-16D0eRLqqJeVbnRD)​ ## Partnerships and Ecosystem Role Trace Finance plays a significant role in facilitating financial transactions for a variety of enterprises, including international payment service providers (PSPs), banks, non-bank financial institutions, and fintech companies launching new services in the LatAm market. By offering extensive local payment rail access and multi-currency settlement capabilities, Trace Finance supports these organizations in overcoming the complexities of regional and cross-border payments. [\[1\]](#cite-id-16D0eRLqqJeVbnRD)​ ## Market and Global Impact The company's platform positions it as an essential bridge between traditional financial systems and the growing demand for digital assets across the globe. With more than $10 billion transacted through its infrastructure, Trace Finance underscores its capability in handling high transaction volumes with efficiency and reliability. [\[2\]](#cite-id-fzWcHIHWRN9C3II5) As regulations surrounding stablecoins evolve, Trace Finance remains at the forefront, providing the necessary infrastructure for compliant and efficient cross-border transactions, thereby reinforcing its position in the dynamic financial technology landscape.