HIFI raises $37M Series A to expand stablecoin payments, tokenized markets

A first priced round for a payments-and-tokenization hybrid signals where venture capital sees convergence between stablecoin rails and tokenized market infrastructure, rather than treating them as separate bets. The undisclosed valuation is the notable omission: it leaves the market without a clear read on how aggressively this deal was priced relative to peers. The open question is whether the capital goes toward broadening the tokenized markets side or deepening the stablecoin payments business, since those imply different competitive sets.