Stablecoin infrastructure provider HIFI has closed a $37 million Series A round led by Left Lane Capital, a financing that signals investor conviction in the plumbing connecting digital dollars to traditional payment and settlement systems even as the broader cryptocurrency market contracts.

The New York-based company, founded in 2022, disclosed the raise on September 24. Chief Executive Zach Walsh said the round represents HIFI’s first priced financing, though the startup declined to share a valuation. The company reports processing roughly $7 billion in annualized volume through its platform, which serves more than 10,000 businesses and 200,000 end users across 87 countries.

The capital will fund expansion of HIFI’s tokenized capital…