Velocity raises $38M for enterprise stablecoin treasury

Velocity announced a $38 million Series A round led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple. The company disclosed the financing in London on July 15, 2026.

Founded in 2025, Velocity offers infrastructure that lets corporate treasury teams hold, move and settle funds using regulated stablecoins while keeping their existing treasury systems in place. The platform links stablecoins with local banking rails, custody providers, compliance controls, liquidity management and settlement orchestration.

Velocity says the technology is designed to speed settlement, cut prefunding needs and simplify cross-border capital movement. Customers include merchants, payment processors, fintech firms and traditional banks that want faster settlement and more control over global liquidity without replacing back-office systems.

The new funding brings Velocity’s total capital raised to nearly $50 million since May 2025. The company plans to use the proceeds to expand its global banking and payments network, speed product development, strengthen regulatory and compliance capabilities, and support demand from enterprise and financial institution clients.

Rob Hadick, general partner at Dragonfly, described Velocity’s grasp of the global payments stack as “uniquely deep,” and highlighted the firm’s work connecting traditional payments and banking infrastructure with stablecoin networks. Adam Nelson, partner at FirstMark, said stablecoins have the potential to change how money moves and described Velocity as well placed to build enterprise infrastructure for that shift. Gbenga Ajayi, partner at QED Investors, emphasized the importance of embedding stablecoin systems into existing treasury workflows so finance teams can adopt them without large process changes.

Eric Queathem, Velocity’s founder and chief executive, said the company has focused on the needs of CFOs and treasury teams since launch and that investor interest reflects broader demand beyond crypto-native firms. He added that stablecoins are being adopted for back-office treasury work as well as faster payments.

Velocity’s product roadmap includes adding banking and payments partners in new jurisdictions, automating liquidity and settlement operations, and enhancing compliance features to meet varied regulatory requirements. The company is also developing custody arrangements and liquidity management tools to reduce manual steps when moving between fiat rails and stablecoin networks.

Stablecoins have primarily been used for transfers within digital asset markets. Velocity’s platform aims to apply the same on-chain settlement speed to corporate treasury and cross-border settlement while maintaining links to local banks and compliance frameworks.