Velocity raised $38 million to expand infrastructure that supports stablecoin-based cross-border settlement and treasury operations for companies and financial institutions.
A recent Cointelegraph report said the Series A round was led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple.
Velocity plans to use the funds to expand banking and payment networks, develop new products and strengthen regulatory response capabilities. Founded in 2025, Velocity develops software that connects stablecoin networks with banking, custody, compliance and settlement systems. Its main customers include corporate treasury teams, payment companies, fintech firms and financial institutions.
The investment brought Velocity's total funding to nearly $50 million since its launch in 2025.
Chi-gyu Hwang
delight@d-today.co.kr