Stablecoin treasury and setttlement platform Velocity raises $38 million
Velocity, a stablecoin treasury and settlement platform that helps enterprises move assets onchain, announced a $38 million Series A funding round. The round was led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple.
The capital will be used to expand Velocity’s infrastructure for managing stablecoin liquidity, settling payments and providing treasury services to corporate clients seeking blockchain-based solutions. The investor mix includes venture firms focused on crypto, traditional financial institutions and a major blockchain payment network.
Key takeaways
- ▸Velocity secured $38 million in Series A capital from a syndicate of crypto‑focused and traditional investors.
- ▸The round was led by Dragonfly and FirstMark, with strategic backing from Coinbase Ventures and Ripple.
- ▸Funds will support expansion of the platform’s stablecoin liquidity management and settlement capabilities for corporate clients.
Why this matters
The sizable backing from both crypto‑native funds and established financial players signals growing confidence that enterprise‑grade stablecoin infrastructure will become a core component of corporate treasury operations. As more firms look to reduce settlement times and FX costs using on‑chain assets, platforms like Velocity could capture a share of the nascent but fast‑growing B2B stablecoin payments market, putting pressure on traditional treasury providers and accelerating blockchain adoption in finance.