Velocity raises $38M to build enterprise stablecoin treasury tools
Velocity raises $38M to build stablecoin treasury infrastructure for enterprises, closing a Series A led by Dragonfly and FirstMark with Coinbase Ventures and others participating. The startup will expand banking networks, product development and regulatory capabilities as companies adopt stablecoins for cross-border settlement and treasury operations.
Key Takeaways
- Velocity closed a $38 million Series A led by Dragonfly and FirstMark, bringing total funding to nearly $50 million since its 2025 launch.
- The platform connects stablecoin networks with banking, custody, compliance and settlement tools for enterprise finance teams.
- Investment in stablecoin payment infrastructure is accelerating as Visa, Mastercard, Coinbase and Ripple back rival initiatives like Open USD.
- US and UK treasuries issued joint recommendations the same day to align transatlantic rules on tokenization and stablecoins.
Stablecoin treasury platform Velocity has raised $38 million in a Series A funding round to expand infrastructure that helps enterprises and financial institutions use stablecoins for cross-border settlement and treasury operations, according to Cointelegraph.
What did Velocity raise and who backed the round?
The funding 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 it plans to use the capital to expand its banking and payments network, develop new products and strengthen its regulatory capabilities. The latest financing brings Velocity's total funding to nearly $50 million since it launched in 2025.
Founded in 2025, Velocity develops software that connects 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 cross-border payments and treasury operations.
Why does enterprise stablecoin treasury infrastructure matter now?
The funding comes as competition in the enterprise stablecoin market intensifies. In June, more than 140 companies backed the launch of Open USD (OUSD), a dollar-pegged stablecoin supported by companies including Visa, Mastercard, Coinbase and Ripple.
Investment in stablecoin infrastructure has accelerated this year as companies build the software and network infrastructure supporting payments, settlement and enterprise financial services. In March, Tether participated in a $5.2 million funding round for Ark Labs, a startup building infrastructure for stablecoin issuance and settlement on Bitcoin.
Later that month, OpenFX raised $94 million in a Series A funding round to expand its stablecoin-based foreign exchange network. Trace Finance secured $32 million the following month to expand its cross-border payment infrastructure combining banking, foreign exchange and stablecoin settlement services.
A joint analysis by McKinsey and Artemis Analytics estimated that stablecoins processed $390 billion in annualized real-world payments in 2025, including about $226 billion in business-to-business transactions. For more context on funding and regulation in this space, see our Fintech & Crypto Alerts coverage.
How does the US-UK regulatory push fit in?
On the same day, the US Department of the Treasury and HM Treasury released recommendations as part of the Transatlantic Taskforce for the Markets of the Future, covering stablecoin activity and tokenized finance.
The task force recommended that authorities consider a private-sector-led group focused on testing cross-border use cases for tokenized assets. Financial agencies in the US and the Bank of England were urged to identify shared approaches on the regulation of tokenized assets.
On stablecoins, the US and UK released a joint statement aimed at regulatory alignment and establishing a dynamic stablecoin market across borders. Each government intends to tailor requirements to seek comparable outcomes for comparable risks, advancing financial stability while avoiding market distortions.
The recommendations said stablecoins should be fully backed, on at least a one-to-one basis, by high-quality, liquid assets, aligning with the US Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act signed into law last year, with an effective date in January 2027.