Velocity raises $38 million to expand stablecoin treasury platform

Velocity has raised $38 million in a Series A funding round as investors increase their exposure to stablecoin infrastructure designed for enterprise treasury and cross-border payments.

Velocity raises $38 million

The round was led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple. It takes Velocity’s total funding to almost $50 million since May 2025.

Founded in 2025, the company works with merchants, payment providers, fintechs and financial institutions seeking to modernise treasury operations. Its platform enables businesses to hold, transfer and settle funds using stablecoins while retaining access to conventional banking networks and established financial workflows.

Velocity plans to use the capital to expand its global banking and payments network, accelerate product development and strengthen its regulatory and compliance capabilities.

Stablecoins Move Deeper into Corporate Treasury

Stablecoins were initially adopted primarily as a faster means of transferring value between digital asset platforms. Their use is now broadening as businesses explore how blockchain-based settlement can improve working-capital management and international liquidity.

For multinational companies, cross-border settlement can require funds to be prefunded across several markets, leaving capital trapped in local accounts. Transactions may also pass through multiple correspondent banks, creating additional cost, delay and operational complexity.

Velocity argues that stablecoin-based infrastructure can reduce these constraints by enabling near-instant settlement and more efficient movement of funds between jurisdictions.

Its platform combines stablecoin networks with local banking rails, custody, compliance controls, liquidity management and settlement orchestration. The objective is to provide the speed and availability of blockchain-based payments without requiring treasury teams to replace their existing systems.

Investors Back a Bridge between Banking and Blockchain

The composition of the funding round reflects the growing convergence between traditional financial services and digital assets.

Dragonfly said Velocity’s strength lies in connecting existing banking and payment infrastructure with stablecoin networks. FirstMark, meanwhile, compared the potential impact of stablecoins on money movement with the internet’s transformation of information exchange.

QED Investors highlighted the importance of embedding new infrastructure into familiar corporate processes. For stablecoins to achieve widespread adoption, businesses must be able to use them through the treasury, reconciliation and liquidity-management tools they already depend upon.

That approach distinguishes enterprise stablecoin platforms from services built mainly for crypto-native customers.

The Competition to Modernise Settlement Intensifies

Velocity is entering an increasingly competitive market. Banks, card networks, payment processors and specialist fintechs are all developing services around tokenised money and blockchain-based settlement.

The commercial opportunity is substantial. Faster settlement can reduce counterparty exposure, improve cash visibility and release working capital that would otherwise remain idle. However, adoption will depend on regulatory clarity, dependable access to local currencies and robust controls around custody, compliance and liquidity.

Velocity chief executive Eric Queathem believes stablecoins will become part of the underlying infrastructure supporting both corporate treasury and consumer payment flows.

The company’s latest financing suggests investors increasingly share that view. The next test will be whether platforms such as Velocity can turn stablecoin settlement from a promising technology into routine infrastructure for global finance.