The stablecoin treasury platform Velocity has successfully raised $38 million through a Series A funding round. This capital is earmarked for expanding the infrastructure that enables enterprises and financial institutions to leverage stablecoins for treasury management and cross-border settlements.

Dragonfly and FirstMark spearheaded the investment, which also saw contributions from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple. Velocity has stated its intention to use the funds to grow its banking and payments network, build out its product offerings, and bolster its regulatory framework.

Company and Mission

Founded in 2025, Velocity specializes in developing software that integrates stablecoin networks with essential financial systems for banking, custody, compliance, and settlement. The firm's services are tailored for enterprise finance departments, payment providers, fintech companies, and financial institutions that utilize stablecoins for international payments and treasury functions.

With this latest financial injection, Velocity's total funding has reached nearly $50 million since the company's launch in 2025, as confirmed by the startup. Backers of the firm include notable names such as Dragonfly, FirstMark, and Coinbase Ventures.

A Competitive and Growing Market

The funding arrives amidst a period of escalating competition within the enterprise stablecoin sector. As an example of this trend, June saw a coalition of over 140 companies support the introduction of Open USD(OUSD), a dollar-pegged stablecoin backed by organizations including Visa, Mastercard, Coinbase, and Ripple.

Investment activity in stablecoin infrastructure has picked up pace this year, with firms focusing on building the software and network layers necessary to support payments, settlement processes, and enterprise-grade financial services.

Recent Industry Investments

The market has seen a series of significant funding rounds, highlighting the growing interest in this space:

• In March, Tether was a participant in a $5.2 million funding round for Ark Labs, a startup dedicated to creating infrastructure for issuing and settling stablecoins on the Bitcoin network. Ark Labs is engineering a programmable execution layer aimed at facilitating quicker payments and more intricate financial applications.
• Later that same month, OpenFX raised $94 million in its Series A round to grow its foreign exchange network, which is built on stablecoins to accelerate cross-border business payments. The company announced plans to channel the capital into expansion in Southeast Asia and Latin America and to boost liquidity throughout its network.
• The next month, Trace Finance procured $32 million to build out its cross-border payment infrastructure. The platform merges banking, foreign exchange, and stablecoin settlement services to assist businesses that operate in numerous markets.

These investments coincide with the continued growth of stablecoin-based payments. A joint analysis from McKinsey and Artemis Analytics projected that in 2025, stablecoins accounted for $390 billion in annualized real-world payment volume. That figure included approximately $226 billion generated from business-to-business transactions.