Velocity, a London-based stablecoin treasury and settlement platform founded in 2025, has raised a $38 million Series A led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple.
The round brings Velocity’s total capital raised to nearly $50 million since May 2025 and unites investors from across digital assets, enterprise software, payments and traditional financial services. Proceeds will be used to expand the company’s global banking and payments network, accelerate product development, deepen regulatory capabilities and support growing demand from enterprises and financial institutions adopting stablecoin-powered infrastructure.
Velocity is built specifically for CFOs and treasury teams rather than for crypto-native users, giving enterprises, payment providers, fintechs and financial institutions a practical path to stablecoin adoption without requiring changes to core treasury operations. The platform combines stablecoin infrastructure with local banking rails, compliance, custody, liquidity management and settlement orchestration in a single system, allowing businesses to hold, move and settle funds using stablecoin infrastructure while continuing to work within the workflows they already rely on. The value proposition centers on near-instant settlement, elimination of prefunding requirements, reduction of trapped working capital, lower FX and liquidity friction and improved visibility into global cash flows—outcomes that are increasingly urgent for multinationals and cross-border payment providers operating across fragmented banking systems and slow correspondent networks.
Stablecoins began as a faster way to move money within crypto markets, but Velocity’s thesis is that they are maturing into foundational infrastructure for how global businesses manage and move money—powering not just peer-to-peer payments but the back end of consumer payment flows, treasury operations and cross-border settlement at institutional scale. Velocity’s investor base reflects the breadth of that thesis: Dragonfly, one of the largest crypto-focused investment firms at $4 billion in AUM, brings deep protocol and infrastructure expertise; FirstMark, which has backed Shopify, Airbnb, Pinterest, Discord and Synthesia, brings conviction from category-defining enterprise software; QED Investors brings decades of experience backing payments companies across dozens of global markets; and Capital One Ventures and Ripple bring strategic financial services and payments perspectives on institutional adoption.
The round comes as regulatory clarity around stablecoins improves in both the US and UK, lowering compliance barriers for enterprise adoption and giving treasury teams greater confidence in deploying stablecoin-powered systems. Velocity plans to expand its regulated stablecoin infrastructure across additional markets, deepen banking integrations and grow its team as demand from corporate and financial institution clients accelerates.
KEY QUOTES:
“Every business wants faster settlement, more efficient treasury operations, lower costs and better control over global liquidity. The timing and technology are right for us to bring these features to market. From day one, we have focused on the needs of CFOs and treasury teams, rather than focusing only on those who are crypto native. The adoption we’re seeing today, alongside the calibre of investors supporting us, reflects a broader shift in the market. Stablecoins are moving beyond payments and becoming core infrastructure for how businesses manage and move money globally. We fundamentally believe they will become instrumental in powering the back end of consumer payment flows.”
Eric Queathem, Founder and CEO, Velocity
“We first met Velocity over a year ago, and it was clear from the beginning they have a uniquely deep understanding of the global payments stack and how it can be disrupted. What sets them apart is their ability to connect traditional payments and banking infrastructure with stablecoin networks and unlock significant value. We believe stablecoin adoption will be driven by global enterprises and financial institutions, and Velocity is reimagining how critical payments and commerce are executed.”
Rob Hadick, General Partner, Dragonfly
“The most enduring technology companies are built around shifts that fundamentally change how industries operate. We believe stablecoins have the potential to transform the movement of money as profoundly as the internet transformed the movement of information. Velocity has all the characteristics of a category-defining company and is uniquely positioned to translate that shift into real-world infrastructure for enterprises and financial institutions.”
Adam Nelson, Partner, FirstMark
“At QED we’ve backed payments businesses across dozens of markets, and the pattern is consistent: the infrastructure that wins is the infrastructure that fits into how businesses already operate. Stablecoins will fundamentally change how money moves, but only when they’re built into the workflows treasury teams already rely on. Velocity has built exactly that bridge, giving enterprises a practical path to faster settlement and more efficient global liquidity.”
Gbenga Ajayi, Partner, QED Investors
