Left Lane Capital led the Series A. HIFI, which converts US dollars into USDCx for Canton wallets, says it handles more than $7 billion a year in volume across 87 countries.
Kinexys and Digital Asset announced a phased rollout through 2026 that would let institutions issue, transfer and redeem JPMD on Canton, the token's second network after Base.
Every payment a user receives would land in a private Canton wallet, and HANDL burns at twice the fees collected are due to begin. Both are the company's plans, not yet launched.
A seven-day live pilot moved cross-border settlement in under an hour, weekends included. Lloyds chose Canton for its privacy; Visa settled on a separate public chain.
The pilot would combine state safety-net benefits into programmable payments on Canton, starting in three unnamed states in early 2027, subject to federal approvals.
Visa calls itself the first major global payments company in the role; both programs are milestone based, with rewards held in escrow and the commitments kept confidential.
