Velocity raises $38M Series A to scale enterprise stablecoin treasury rails
Dragonfly and FirstMark led the round as Velocity targets cross-border settlement and treasury operations for institutions.
Velocity raised $38 million in a Series A to expand infrastructure that helps enterprises and financial institutions use stablecoins for cross-border settlement and treasury operations. The round adds another sizable check to a growing 2026 funding wave aimed at owning real-world payment flows, not consumer crypto apps.
Key Takeaways
- Velocity closed a $38 million Series A to expand stablecoin-based cross-border settlement and treasury infrastructure for enterprises and financial institutions.
- Dragonfly and FirstMark led the financing, joined by Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple.
- Proceeds are earmarked for banking and payments network expansion, new product development, and stronger regulatory capabilities.
- Velocity said total funding is now nearly $50 million since launching in 2025.
Velocity Lands $38M to Scale Enterprise Stablecoin Treasury Rails
Velocity disclosed a $38 million Series A to scale software and network infrastructure built for enterprise and institutional stablecoin usage, specifically cross-border settlement and treasury operations.
Dragonfly and FirstMark led the round. Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple participated.
The company framed the raise as growth capital for enterprise-grade rails, not a consumer distribution push. That investor mix reinforces where venture dollars are clustering in this cycle: stablecoin settlement and treasury plumbing that can sit inside existing finance stacks.
What Velocity Builds: Connecting Stablecoins to Banking, Custody, Compliance and Settlement
Velocity was founded in 2025 and builds software that connects stablecoin networks with banking, custody, compliance and settlement systems. The target customer set is operational, not speculative: enterprise finance teams, payment providers, fintech firms and financial institutions using stablecoins for cross-border payments and treasury workflows.
Velocity’s stated use of proceeds is explicit: “Velocity said it plans to use the capital to expand its banking and payments network, develop new products and strengthen its regulatory capabilities.” For traders and infra investors, that reads like a prioritization of distribution and compliance readiness alongside product expansion, which are the gating items for enterprise adoption.
Velocity also said the Series A brings total funding to nearly $50 million since launching in 2025, though the exact prior-round breakdown was not provided.
Stablecoins’ Real-World Payments Footprint: $390B Annualized in 2025
A joint analysis by McKinsey and Artemis Analytics estimated stablecoins processed $390 billion in annualized real-world payments in 2025, including about $226 billion in business-to-business transactions.
That estimate matters because it anchors the category in measurable payment throughput rather than narrative. If even a portion of that B2B flow continues migrating onto stablecoin rails, the winners are likely to be the platforms that can package settlement, liquidity management, and compliance into something procurement and treasury teams can actually run.
The 2026 Funding Wave in Stablecoin Payments Infrastructure Keeps Growing
Velocity’s round lands in a market where competition for enterprise stablecoin flows is tightening. In June 2026, more than 140 companies backed the launch of Open USD (OUSD), a dollar-pegged stablecoin supported by companies including Visa, Mastercard, Coinbase and Ripple.
Capital formation has also accelerated across adjacent infrastructure categories. In March 2026, Tether participated in a $5.2 million round for Ark Labs, which is building stablecoin issuance and settlement infrastructure on Bitcoin and a programmable execution layer aimed at faster payments and more complex financial applications. Later that month, OpenFX raised $94 million in a Series A to expand a stablecoin-based foreign exchange network for business cross-border payments, with plans to expand into Southeast Asia and Latin America and increase liquidity. Trace Finance secured $32 million the following month to expand cross-border payment infrastructure combining banking, foreign exchange and stablecoin settlement services.
The pattern is consistent: more checks are being written for the pipes and the networks, not for consumer-facing crypto apps.
Why This Round Matters More Than a Single Startup
I treat Velocity’s Series A as a positioning bet on who gets to intermediate stablecoin settlement at the enterprise layer. The threshold that matters is whether these platforms can turn “stablecoin payments” into a repeatable operating model with bank connectivity, custody, and compliance that procurement teams can sign off on.
The real test is whether Velocity names concrete banking, custody, or payments partners and clarifies which stablecoins and blockchains it supports. If it standardizes around a small set of rails, it signals a push for reliability and scale. If it stays chain-agnostic, it is optimizing for coverage and optionality. Either way, the next product launches tied to treasury operations and compliance tooling will show whether this is becoming distribution-led infrastructure or just another software layer, and follow-on 2026 raises like OpenFX and Trace Finance will confirm whether capital inflows are turning this into a structural buildout of real-world payment rails.
