UK stablecoin payments and treasury platform Velocity raised $10 million in additional Series A funding. Total Series A proceeds rose to $48 million, and the company was valued at $200 million.

CoinPost reported on Sept. 16 that Velocity announced the additional fundraising a day earlier with participation from Visa Ventures, Circle Ventures, Ripple, Hawn Ventures, Translink Capital and Mirana Ventures. Velocity previously disclosed a $38 million Series A round in July that was co-led by Dragonfly and FirstMark.

Velocity provides infrastructure that allows companies and financial institutions to use stablecoins for payments, liquidity management and treasury operations without fully replacing their existing payments and treasury systems. A key aim is to reduce reliance on prefunding and enable payments outside bank business hours. The funds will be used to expand related infrastructure for issuers, merchant acquirers, payment firms, financial institutions and retailers worldwide.

It is notable that major companies from traditional finance and the virtual asset industry joined simultaneously as investors. Visa joined through Visa Ventures, while Ripple participated in the follow-on investment after the initial Series A. Velocity said it expects participation by Circle and Ripple to strengthen links between regulated stablecoins and institutional payments, and that Translink Capital will help expand partnerships in Asia.

Eric Queathem (에릭 퀘이섬), Velocity's chief executive, said investors are companies at the center of the payments ecosystem and will provide important insights to improve the stablecoin-based payment experience. Visa also said stablecoins are playing a growing role in reshaping how value moves within its ecosystem.

The investment shows a trend of stablecoins expanding beyond virtual asset trading into corporate payments, settlement and cash-management infrastructure. Velocity is focusing on foundational technology that handles funding and settlement behind existing card and bank payment networks. As competition to connect traditional payment networks with blockchains accelerates, competition around the related infrastructure market is also expected to intensify.