Velocity raises $38mn Series A for stablecoin treasury platform

Velocity has raised $38mn in Series A financing to expand a stablecoin-based treasury and settlement platform aimed at enterprises, payment companies, fintechs and financial institutions. The company said the round brings its total capital raised to nearly $50mn since May 2025, underscoring continued investor interest in using tokenised money for corporate liquidity and cross-border settlement.

Dragonfly and FirstMark led the financing, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple, according to Velocity. The company said it will use the proceeds to broaden its global banking and payments network, speed product development, strengthen regulatory capabilities and support demand from institutions adopting stablecoin-enabled treasury infrastructure.

Founded in 2025, Velocity works with companies seeking to shorten settlement cycles, reduce prefunding needs and move capital across borders more efficiently, according to its announcement. Its platform is designed for chief financial officers and treasury teams that want to hold, transfer and settle funds through stablecoin infrastructure while continuing to use existing treasury processes.

How the platform is positioned

Stablecoins are digital tokens designed to track the value of reference assets such as fiat currencies. In corporate finance, their appeal rests on the possibility of faster settlement and broader availability than some correspondent banking routes, though adoption depends on controls around compliance, custody, liquidity and local payment access.

Velocity said its system combines stablecoin rails with local banking networks, compliance tools, custody, liquidity management and settlement orchestration. In practice, that structure is intended to let a business initiate and receive stablecoin-based flows while the platform handles connections to bank accounts and payment systems in relevant markets.

The company said businesses are using stablecoin-powered systems beyond basic payments, including for liquidity management, reducing trapped working capital and streamlining global operations. Those claims were made by Velocity in describing customer needs and market demand.

Investors cite enterprise adoption

Dragonfly general partner Rob Hadick said the venture firm first met Velocity more than a year ago and viewed the company as having a strong grasp of global payments infrastructure. “What sets them apart is their ability to connect traditional payments and banking infrastructure with stablecoin networks and unlock significant value,” Hadick said.

FirstMark partner Adam Nelson said the firm sees stablecoins as a technology shift in money movement and described Velocity as positioned to build infrastructure for enterprises and financial institutions. FirstMark has previously invested in companies including Shopify, Airbnb and Pinterest, according to Velocity.

QED Investors partner Gbenga Ajayi said payments infrastructure succeeds when it fits existing business operations. He said Velocity gives enterprises “a practical path to faster settlement and more efficient global liquidity” by embedding stablecoin tools into workflows treasury teams already use.

Eric Queathem, Velocity’s founder and chief executive, said the company is focused on CFOs and treasury teams rather than only crypto-native users. “Every business wants faster settlement, more efficient treasury operations, lower costs and better control over global liquidity,” Queathem said.

Queathem also said Velocity sees stablecoins becoming part of the back-end infrastructure behind consumer payment flows. The company did not disclose valuation, revenue, customer numbers or transaction volumes in its announcement.

This story draws on original reporting from Finextra Research.