Velocity raises $38M to build stablecoin treasury infrastructure for enterprises

Backed by Dragonfly, FirstMark and Coinbase Ventures, the startup is expanding software that helps businesses integrate stablecoins into treasury and payment workflows.

Stablecoin treasury platform Velocity has raised $38 million in a Series A funding round to expand infrastructure that helps enterprises and financial institutions use stablecoins for cross-border settlement and treasury operations.

The funding round was led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple. Velocity said it plans to use the capital to expand its banking and payments network, develop new products and strengthen its regulatory capabilities.

Founded in 2025, Velocity develops software that connects stablecoin networks with banking, custody, compliance and settlement systems. The company targets enterprise finance teams, payment providers, fintech firms and financial institutions using stablecoins for cross-border payments and treasury operations.

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