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Velocity raises $38 million Series A for stablecoin treasury platform
The funding, led by Dragonfly and FirstMark and backed by major fintech and crypto investors, brings Velocity close to $50 million raised since May and targets faster cross border settlement without prefunding.
The Block reports that stablecoin treasury and settlement startup Velocity has raised a $38 million Series A round co-led by Dragonfly and FirstMark, with additional participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple.
Velocity, founded in 2025, said the round takes its total funding to nearly $50 million since May, as it builds technology aimed at helping corporate users hold, move, and settle funds using stablecoins while connecting to traditional banking rails and compliance systems.
According to the announcement, Velocity’s platform is intended to shorten settlement times, remove prefunding requirements, and improve efficiency for cross border capital movement without forcing companies to overhaul existing treasury operations.
The company also markets features for earning yield on corporate funds and unifying fiat and stablecoin balances, and says its settlement capabilities can orchestrate clearing across banks, card networks, processors, and digital asset rails.