Velocity secures $38M to expand enterprise stablecoin treasury infrastructure

Velocity, a stablecoin treasury and settlement infrastructure provider, has raised $38 million in a Series A round as it seeks to deepen the plumbing enterprises need to use stablecoins for cross-border payments and finance operations. The deal brings the company’s total funding close to $50 million since it launched in 2025, according to Velocity.

The 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 will use the proceeds to expand its banking and payments network, create new products, and strengthen its regulatory capabilities.

Key takeaways

• Velocity raised $38 million in Series A funding to scale stablecoin treasury and cross-border settlement infrastructure.
• Backers include Dragonfly and FirstMark, alongside strategic investment from firms such as Coinbase Ventures and Ripple.
• The company says its software connects stablecoin networks to banking, custody, compliance and settlement systems for enterprises.
• Funding lands amid intensifying competition for the enterprise stablecoin market, including initiatives such as Open USD.

What Velocity is building for enterprise finance

Founded in 2025, Velocity develops software designed to bridge stablecoin networks with traditional financial rails. The company’s focus is on connecting stablecoin-based value transfer to the systems enterprises rely on—banking connectivity, custody, compliance workflows and settlement processes.

Velocity’s stated customers include enterprise finance teams, payment providers, fintech firms and financial institutions that want to incorporate stablecoins into cross-border payment flows and treasury operations. In practice, that means the product is less about issuing tokens itself and more about making stablecoin usage operational inside existing financial processes.

According to Velocity, the latest financing will support expansion of its banking and payments network and help it develop additional products. It also highlights “regulatory capabilities” as a priority, underscoring that firms moving stablecoin treasury workflows into regulated contexts need more than basic on-chain transfer functionality.

More capital flows into stablecoin infrastructure

Velocity’s Series A adds to a broader pattern: investors are funding infrastructure players that sit between stablecoin networks and real-world financial operations. In earlier coverage this year, Tether participated in a $5.2 million round for Ark Labs, which is building stablecoin issuance and settlement infrastructure on Bitcoin. The project focuses on a programmable execution layer intended to enable faster payments and more complex financial applications.

Other enterprise-focused infrastructure investments cited by Cointelegraph include OpenFX, which raised $94 million in a Series A to expand a stablecoin-based foreign exchange network. Trace Finance also secured $32 million to grow cross-border payment infrastructure that combines banking, foreign exchange and stablecoin settlement services.

Taken together, these moves point to a market where differentiation increasingly depends on integration depth—how smoothly stablecoin flows plug into liquidity management, compliance and settlement—and less on purely offering a token. Velocity’s emphasis on expanding its banking and payments network fits that trend, suggesting investors view “connective tissue” as a major constraint on enterprise adoption.

Enterprise stablecoin competition heats up

Competition for enterprise stablecoins is not standing still. In June, more than 140 companies backed the launch of Open USD (OUSD), a dollar-pegged stablecoin supported by major payments and crypto players including Visa, Mastercard, Coinbase and Ripple. That development signals how quickly enterprise-facing stablecoin initiatives are moving from concept to rollout.

Velocity’s timing appears deliberate. Rather than competing directly as a stablecoin issuer, the company is positioning itself as the system layer enterprises can use regardless of which dollar-pegged stablecoin rail they choose. Still, as more stablecoin ecosystems and industry consortia emerge, the integration and compliance demands for treasury operations are likely to increase rather than decrease.

For investors and operators, the key question is whether these infrastructure providers can maintain flexibility across networks while meeting the regulatory expectations of banks, payment providers and financial institutions. Velocity’s stated commitment to regulatory capabilities suggests it views governance, controls and compliance tooling as part of the competitive edge.

Why investors care: stablecoins are moving into payment reality

The funding momentum also aligns with reported usage data indicating stablecoins are becoming part of everyday payment flows. A joint analysis by McKinsey and Artemis Analytics, referenced in the source reporting, estimated that stablecoins processed $390 billion in annualized real-world payments in 2025. The figure includes about $226 billion in business-to-business transactions.

While these estimates describe annualized payment activity rather than balances held on exchanges or in wallets, they matter for enterprise adoption because they point to sustained transactional demand. As stablecoin rails get integrated into treasury and settlement workflows, companies may look for providers that can reduce operational friction—such as reconciling transfers, managing liquidity and handling compliance requirements—without forcing teams to rebuild core financial processes from scratch.

Velocity’s focus on connecting stablecoin networks to banking, custody, compliance and settlement systems suggests it is targeting that operational gap. If stablecoin payment volumes keep scaling, the “last mile” of infrastructure—network connectivity and regulated settlement execution—may become a deciding factor for who can serve institutional and enterprise users reliably.

Next, investors and potential customers should watch whether Velocity can broaden its banking and payments network quickly while demonstrating that its compliance and settlement tooling supports real cross-border treasury workflows. With enterprise stablecoin competition accelerating—from initiatives like Open USD to other infrastructure funding—execution and integration depth will likely determine which providers become essential partners rather than optional add-ons.