Velocity, a stablecoin treasury and settlement platform founded in 2025, raised $38 million in a Series A funding round led by Dragonfly and FirstMark, according to an announcement on Tuesday. The round included participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple, bringing the startup's total capital raised to nearly $50 million since May. The funding will expand the company's global banking and payments network, accelerate product development and deepen regulatory capabilities to meet rising demand from enterprises and financial institutions seeking to hold, move and settle funds using stablecoins while connecting to traditional banking rails and compliance systems.
Velocity Secures $38 Million Series A Led by Dragonfly and FirstMark
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 emerged from stealth mode last year with a $10 million pre-seed funding round led by Activant Capital. Rob Hadick, General Partner at Dragonfly, stated the firm met Velocity over a year ago and noted the startup has "a uniquely deep understanding of the global payments stack and how it can be disrupted." Adam Nelson, Partner at FirstMark, said stablecoins have the potential to transform the movement of money as profoundly as the internet transformed the movement of information.
Platform Shortens Settlement Times and Unifies Fiat and Stablecoin Balances
Velocity's technology is designed to shorten settlement times, remove prefunding requirements and improve efficiency for cross-border capital movement without requiring companies to overhaul existing treasury operations. The treasury management platform offers a way to earn yield on corporate funds and unify fiat and stablecoin balances. Its settlement features can orchestrate clearing across banks, card networks, processors and digital asset rails while reducing FX friction, according to Velocity's website. Velocity is among a number of companies looking to enable enterprises, payment providers and financial institutions to hold, move and settle funds using stablecoins while connecting to traditional banking rails and compliance systems.
Capital Deployment Targets Global Network Expansion and Product Development
The new capital will be used to expand the company's global banking and payments network, accelerate product development and deepen regulatory capabilities to meet rising demand from enterprises and financial institutions, according to the announcement.
FAQ
What is Velocity and what does it do?
Velocity is a stablecoin treasury and settlement platform founded in 2025 that enables enterprises, payment providers and financial institutions to hold, move and settle funds using stablecoins while connecting to traditional banking rails and compliance systems.
How much funding has Velocity raised in total?
Velocity has raised nearly $50 million since May, including a $38 million Series A round announced on Tuesday and a $10 million pre-seed round led by Activant Capital last year.
Who led Velocity's Series A funding round?
The Series A funding round was led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple.
