{"id":"trace-finance","title":"Trace Finance","content":"**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) \n\n## Overview\n\nTrace 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) \n\nThe 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)​\n\n## History and Funding\n\nIn 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)​\n\nIn 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) \n\nThis 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.\n\n## Technology and Products\n\nTrace 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) \n\nThe 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)​\n\nThe [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)​\n\n## Partnerships and Ecosystem Role\n\nTrace 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. \n\nBy 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)​\n\n## Market and Global Impact\n\nThe company's platform positions it as an essential bridge between traditional financial systems and the growing demand for digital assets across the globe. \n\nWith 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) \n\nAs 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.","summary":"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.","images":[{"id":"QmcZPSjE7uPyYTXgd2V2rM6fqJw2s28PouUNCzjC4Ju1uW","type":"image/jpeg, image/png"}],"categories":[{"id":"projects-and-protocols","title":"projects-and-protocols"}],"tags":[{"id":"Infrastructure"},{"id":"Payments"}],"media":[{"id":"QmWpu8BB1yBey2LgB9zK2o3GAKTxJ3cwamGXFHExziE5qJ","size":null,"name":null,"type":"GALLERY","source":"IPFS_IMG"},{"id":"QmQJnLVJEWhjmaDfs5sYocpoyAdMw6B3TRFHd4bT9px47W","size":null,"name":null,"type":"GALLERY","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"16D0eRLqqJeVbnRD\",\n    \"url\": \"https://www.tracefinance.com/\",\n    \"description\": \"Trace Finance Website\",\n    \"timestamp\": 1781791819876\n  },\n  {\n    \"id\": \"fzWcHIHWRN9C3II5\",\n    \"url\": \"https://cointelegraph.com/news/trace-finance-cross-border-stablecoin-settlement-expansion\",\n    \"description\": \"Cointelegraph\",\n    \"timestamp\": 1781791819876\n  }\n]"},{"id":"website","value":"https://www.tracefinance.com/"},{"id":"rootdata_profile","value":"https://www.rootdata.com/Projects/detail/ Trace Finance?k=MjQ5MDk="},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/tracefinance"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmdcAEd1FaWmLfuAXbqEAT2jpXNQRVgCVVeyj5UeBM7ju1\""},{"id":"commit-message","value":"\"Updated organizations section to projects-and-protocols\""},{"id":"previous_cid","value":"QmdcAEd1FaWmLfuAXbqEAT2jpXNQRVgCVVeyj5UeBM7ju1"}],"events":[{"date":"2022-01-01","title":"Trace Finance Founded","type":"CREATED","description":"Trace Finance launches providing stablecoin infrastructure for Latin American cross-border transactions.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null,"id":"73297f62-bf90-4805-8a05-00524e38db08"},{"date":"2026-06-01","title":"Series A Funding Round","type":"DEFAULT","description":"Trace Finance raises $32M led by CoinFund to expand its stablecoin settlement services.","link":"https://cointelegraph.com/news/trace-finance-cross-border-stablecoin-settlement-expansion","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null,"id":"d6a3ddfd-0ffb-41fc-aab7-764141ad5565"}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8AF7a19a26d8FBC48dEfB35AEfb15Ec8c407f889"},"operator":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum"],"founders":[],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"0a881503-9984-44c8-b4ca-a2070cbd42cd\",\"title\":\"Trace Finance\",\"description\":\"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.\",\"timestamp\":\"2026-06-18T14:32:24.315Z\",\"category\":\"organizations\",\"status\":{\"icon\":\"RiGlobalLine\",\"label\":\"Wiki Updated\",\"iconClassName\":\"text-green-500\"},\"user\":{\"name\":\"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889\",\"address\":\"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb\"},\"button\":{\"label\":\"View Summary\",\"icon\":\"RiFileTextLine\"},\"summarySections\":[{\"title\":\"Metadata\",\"subtitle\":\"Added metadata field(s)\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added metadata field \\\"action\\\": \\\"CREATE\\\" (appears twice in diffs)\"]},{\"title\":\"Date\",\"subtitle\":\"Updated the date value\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Changed \\\"date\\\" from \\\"2026-06-01\\\" to \\\"2026-06\\\".\"]},{\"title\":\"Images / Gallery\",\"subtitle\":\"Removed gallery image entries\",\"variant\":\"removed\",\"changeCount\":2,\"changes\":[\"Removed gallery item with id \\\"QmSBxsPNmMe7JxFpPbYhEgLRT815AUcDAhJ3q3yrwdiQnQ\\\", source \\\"IPFS_IMG\\\", type \\\"GALLERY\\\".\",\"Removed gallery item with id \\\"QmZeaYWEuV9ULkGwYsWMvAkaTfJsK49kE2kC9tztoxLaHB\\\", source \\\"IPFS_IMG\\\", type \\\"GALLERY\\\".\"]}]}]}"}