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.
Product timeline
2025
Listed as a licensed financial institution partner in the Dfns/Borderless.xyz stablecoin payout network· partnership
The stack
5 layers disclosed in Trace Finance’s embedded-finance stack
Payments / PSP
PIX (self-operated)Trace Finance stablecoin payments (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
FX & payouts
in the full report
Crypto
in the full report
Accounting gap: significant
4 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.