Stablecoin platform VelaFi secures $20M to scale cross-border settlement rails

The funding will support expansion of enterprise payment and settlement services across Latin America, the United States and Asia.

VelaFi, a stablecoin-based financial infrastructure company under Galactic Holdings, has raised $20 million in a Series B round to support the expansion of its enterprise payments and settlement services across Latin America, the United States and Asia.

According to Monday’s announcement, the round was led by XVC and Ikuyo, and brings the company’s total funding to more than $40 million.

Founded in 2020, VelaFi provides payments infrastructure that connects local banking systems, global transfer networks and stablecoin protocols. Its services include fiat on- and off-ramps, cross-border payments, foreign exchange workflows and multi-currency treasury operations, which are offered through its platform and via APIs.

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