Velocity lands $38M to link stablecoins to corporate banking systems
The tl;dr
Velocity, a startup building software to help businesses use stablecoins for treasury and payments, raised $38 million in Series A funding. The round was led by Dragonfly and FirstMark, with backing from Coinbase Ventures, Ripple, and others. The capital will fund expansion of tools that connect stablecoins to traditional banking systems and compliance infrastructure.
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30-day · delayedKey points
- Velocity builds software allowing enterprises to integrate stablecoins (cryptocurrency pegged to the dollar) into treasury management and payment workflows
- The Series A funding was led by Dragonfly Capital and FirstMark, with participation from seven other backers including Coinbase Ventures and Ripple
- The platform bridges stablecoins with traditional banking rails and compliance systems, enabling corporate users to leverage crypto while staying connected to legacy financial infrastructure
- The funding reflects growing investor confidence that stablecoins can serve a practical role in corporate finance and settlement operations
- Velocity's approach targets enterprises seeking to automate payments and manage assets on blockchain while maintaining regulatory compliance
By the numbers
Velocity, a platform designed to help corporations adopt stablecoins for treasury management and payments, has secured $38 million in Series A funding. The round was led by venture firms Dragonfly Capital and FirstMark, with eight additional investors participating including Coinbase Ventures, Ripple, Activant Capital, Capital One Ventures, QED Investors, and Wintermute Ventures.
The startup’s core mission is to simplify how large businesses integrate stablecoins into their financial operations. Stablecoins are cryptocurrencies designed to maintain a fixed value, typically pegged to the U.S. dollar. Rather than building a stablecoin itself, Velocity provides the plumbing: software that allows enterprises to move stablecoins through their existing treasury systems while maintaining connections to traditional banking networks and compliance requirements.
The funding underscores growing investor belief that blockchain infrastructure can solve real problems for corporate finance. By bridging the gap between crypto efficiency and banking regulation, Velocity targets companies interested in faster, cheaper settlement and payment automation without abandoning traditional financial controls.
As corporations explore blockchain for payments and treasury, platforms that safely connect crypto to banking systems could become critical infrastructure for enterprise finance.
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Topics
- velocity
- stablecoins
- enterprise crypto
- dragonfly capital
- series a
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