Stablecoin infrastructure startup Velocity has closed a $38 million Series A funding round, bringing its total capital raised to nearly $50 million since the company launched in 2025.
Who Led the Round
Dragonfly and FirstMark co-led the financing. Participating investors included Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple. Velocity said the fresh capital will go toward expanding its banking and payments network, launching new products, and strengthening its regulatory capabilities.
What Velocity Actually Builds
Founded in 2025, Velocity develops software that bridges stablecoin networks with banking, custody, compliance, and settlement systems. Its platform is aimed at enterprise finance teams, payment providers, fintech companies, and financial institutions that use stablecoins for cross-border payments and treasury management. The company targets what it describes as the full stack of enterprise stablecoin integration, connecting the on-chain layer to the compliance and settlement rails that large institutions require.
Velocity has not disclosed which enterprises use the platform, what volumes it processes, or what revenue it generates. At roughly a year old, the company remains at an early stage relative to the market it is targeting.
A Crowded and Growing Market
The raise lands as competition in enterprise stablecoin infrastructure intensifies rapidly. In June, more than 140 companies backed the launch of Open USD (OUSD), a dollar-pegged stablecoin with support from Visa, Mastercard, Coinbase, and Ripple.
Investment across the sector has accelerated through the year. In March, Tether participated in a $5.2 million round for Ark Labs, a startup building stablecoin issuance and settlement infrastructure on Bitcoin. Later that month, OpenFX raised $94 million in a Series A to expand its stablecoin-based foreign exchange network for cross-border business payments, with plans to enter Southeast Asia and Latin America. Trace Finance secured $32 million the following month to grow cross-border payment infrastructure combining banking, foreign exchange, and stablecoin settlement for businesses operating across multiple markets.
Scale of the Underlying Market
A joint analysis by McKinsey and Artemis Analytics estimated that stablecoins processed $390 billion in annualized real-world payments in 2025. Of that total, approximately $226 billion represented business-to-business transactions, underscoring the scale of the commercial opportunity that platforms like Velocity are targeting.
