According to CoinMeta, stablecoin infrastructure company hifi announced the completion of a $37 million Series A financing round, led by Left Lane Capital. hifi's CEO, Zach Walsh, stated that this is the company's first round of pricing financing, and currently the platform processes about $7 billion in transactions annually. The funds raised in this round will be used to expand stablecoin payment products and the infrastructure for tokenized capital markets. hifi supports the transfer of funds between US dollars and stablecoins, and enables payments through the US banking system and bank cards, as well as for tokenized repurchase agreements and US Treasury transactions. hifi has also participated in the testing of tokenized securities production and trading with the US Depository Trust and Clearing Corporation (DTCC). (Source: The Block)