Velocity Lands $38M to Build Enterprise Stablecoin Payment Infrastructure
Dragonfly led the round as Velocity targets faster cross-border settlement and secure custody for payment providers and financial institutions.
- On Tuesday, London-based startup Velocity announced a $38 million Series A funding round to help businesses integrate dollar-pegged stablecoins into customer payments.
- Stablecoins have rapidly expanded over the past two years into Wall Street, while the Open Standard consortium—including Stripe, Visa, BlackRock, and more than 140 others—announced it would launch a competing stablecoin.
- Velocity founder and CEO Eric Queathem launched the firm in 2025 after nine years at WorldPay, where he identified that consumer payments appeared sleek but underlying infrastructure remained "awful."
- Dragonfly led the Series A round with investments from Coinbase, Capital One Ventures, and Wintermute, as Velocity plans to expand into Africa and Latin America beyond its current United States, Europe, and Australia operations.
- Velocity plans to develop secure asset custody and yield-generating products to target firms that "do not understand that they can be using stablecoins to solve their problems," competing directly with traditional banks and foreign exchange houses.
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13 Articles
Velocity raises $38M Series A for stablecoin payments
London fintech Velocity has raised a $38 million Series A to help businesses move money with stablecoins. The Velocity Series A, led by Dragonfly and FirstMark, brings the two-year-old company’s total funding to nearly $50 million. Velocity builds treasury and settlement infrastructure for companies that want to use stablecoins, the dollar-pegged tokens now spreading across […] This story continues at The Next Web
Velocity Lands $38M to Build Enterprise Stablecoin Payment Infrastructure
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 th…
Velocity raises $38m to push stablecoins into treasury
Velocity, a stablecoin treasury and settlement platform targeting enterprise payments infrastructure, has raised $38m in Series A funding as businesses explore alternatives for cross-border settlement and liquidity management. The round was co-led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple. The raise brings Velocity’s total funding t…
On July 14, the startup Velocity announced it had raised $38 million in a Series A round led by Dragonfly and FirstMark. The funds will be used for product development, compliance, and partner network expansion. Since its launch in 2025, the startup's total funding has approached $50 million.
Stablecoin Treasury Platform Velocity Raises $38M Led by Dragonfly and FirstMark
TL;DR: Velocity closed a Series A funding round totaling $38 million, bringing its total capital raised to nearly $50 million since its founding in 2025. The round saw participation from firms such as Dragonfly, FirstMark, Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple. A joint analysis by McKinsey and Artemis Analytics calculated that stablecoins processed $390 billion in annualized re…
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