← State of Embedded Finance 2026

Trace Finance

Can a LatAm-licensed financial institution become the default BRL<>stablecoin and multi-currency infrastructure layer for global fintechs operating in Brazil?

HQBrazil
Total raised$4.3M
Latest roundSeed
IndustryFintech / Cross-border payments
The story

Trace Finance positions itself as payments and stablecoin infrastructure for Brazil and LatAm, converting BRL to stablecoins via PIX and offering multi-currency accounts (BRL, USD, EUR) to crypto exchanges, global fintechs, and companies expanding into Latin America. It operates as a licensed local financial institution and acts as a payout/on-ramp partner inside broader stablecoin orchestration networks.

Last 12 months
2025
Product timeline
2025
Listed as a licensed financial institution partner in the Dfns/Borderless.xyz stablecoin payout network· partnership
The stack
Payments / PSP
PIX (self-operated)Trace Finance stablecoin payments (self-operated)
Banking / BaaS
Trace Finance (in-house)
FX & payouts
Trace Finance (in-house)
Crypto
Trace Finance (in-house)
Accounting gap: significant