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Velocity raises $38M to expand stablecoin treasury infrastructure
The Series A brings Velocity’s total funding to nearly $50 million since it launched in 2025, as it targets cross-border settlement and enterprise treasury workflows.
Velocity has raised $38 million in a Series A to expand software infrastructure that helps enterprises and financial institutions use stablecoins for treasury operations and cross-border settlement, according to Cointelegraph.
The round was led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple. Velocity said the capital will support growth of its banking and payments network, development of new products, and strengthening its regulatory capabilities.
Founded in 2025, Velocity builds tools that connect stablecoin networks with banking, custody, compliance and settlement systems. The company targets enterprise finance teams, payment providers, fintech firms and financial institutions using stablecoins for payments and treasury use cases.
Cointelegraph reports the fundraising comes as competition in the enterprise stablecoin market intensifies, including a June push for Open USD (OUSD), a dollar-pegged stablecoin backed by companies such as Visa, Mastercard, Coinbase and Ripple. Velocity said the new funding brings its total investment to nearly $50 million since launch.