[Foreign Exchange Settlement Company XFX Completes $17 Million Series A Financing, Expands Fiat and Stablecoin FX Settlement] According to *Fortune*, foreign exchange settlement startup XFX announced the completion of a $17 million Series A financing round, led by Castle Island Ventures, with participation from Haun Ventures and Coinbase Ventures. Previously, the company raised $9 million in seed funding. XFX was co-founded by three former Bitso employees and is headquartered in Miami, focusing on providing high-speed foreign exchange and payment infrastructure between fiat currencies and stablecoins for institutional clients. Currently, it supports exchanges between the US dollar, Mexican peso, Colombian peso, and various stablecoins, with an emphasis on deep liquidity for a select few currency pairs. The company plans to use the new funds to expand its quantitative team and strengthen collaborations with trading desks and banks.