Key facts
- Velocity has raised $38 million in a Series A funding round.
- The funding was led by Dragonfly and FirstMark, with participation from Coinbase Ventures and others.
- The capital will be used to expand banking and payments networks, develop new products, and enhance regulatory capabilities.
- Velocity provides software connecting stablecoin networks with banking, custody, compliance, and settlement systems for enterprises.
- Total funding for Velocity now stands at nearly $50 million since its launch in 2025.
Velocity, a startup focused on stablecoin treasury infrastructure for enterprises, has successfully raised $38 million in a Series A funding round. The investment was spearheaded by venture capital firms Dragonfly and FirstMark, with significant contributions from other notable investors including Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple.
The newly acquired capital is earmarked for expanding Velocity's banking and payments network, developing innovative new products, and bolstering its regulatory compliance capabilities. The company's software is designed to bridge stablecoin networks with essential financial systems such as banking, custody, compliance, and settlement, targeting enterprise finance teams, payment providers, fintech firms, and financial institutions that utilize stablecoins for cross-border payments and treasury management.
This latest financing brings Velocity's total funding to nearly $50 million since its inception in 2025. The investment underscores a growing trend of intensified competition and accelerated investment in the enterprise stablecoin market. This is evidenced by the recent backing of Open USD (OUSD) by over 140 companies, including major players like Visa, Mastercard, Coinbase, and Ripple.
Other companies are also actively building out stablecoin infrastructure. Ark Labs secured $5.2 million with Tether's participation for stablecoin issuance and settlement on Bitcoin. OpenFX raised $94 million to expand its stablecoin-based foreign exchange network, and Trace Finance obtained $32 million to enhance its cross-border payment infrastructure combining banking, FX, and stablecoin settlement.
These investments align with the expanding use of stablecoin payments. A joint analysis by McKinsey and Artemis Analytics estimated that stablecoins processed $390 billion in annualized real-world payments in 2025, with approximately $226 billion attributed to business-to-business transactions.