Velocity Secures $38M Series A to Scale Stablecoin Treasury Platform

Velocity, a stablecoin treasury and settlement platform launched in 2025, has secured $38M in Series A funding led by Dragonfly and FirstMark. The round attracted participation from Capital One Ventures, Coinbase Ventures, QED Investors, Activant Capital, Ripple and Wintermute Ventures.

The financing brings Velocity's total capital raised to nearly $50M since the company's inception last May. The platform is designed for CFOs and corporate treasury teams, bridging stablecoin infrastructure with traditional banking rails, compliance systems, custody services, liquidity management and settlement orchestration.

The company positions its offering as a way for enterprises to achieve near-instant cross-border settlement and reduce prefunding needs without restructuring their existing treasury operations. Eric Queathem, founder and CEO of Velocity, emphasised that the firm targets treasury professionals rather than crypto-native users.

Stablecoins are moving beyond payments and becoming core infrastructure for how businesses manage and move money globally. We fundamentally believe they will become instrumental in powering the back end of consumer payment flows.

Rob Hadick, general partner at Dragonfly, highlighted Velocity's ability to connect legacy payments infrastructure with stablecoin settlement networks. QED Investors partner Gbenga Ajayi framed the opportunity around workflow integration, arguing that winning treasury infrastructure must fit into processes teams already use.

Capital One Ventures' participation marks a notable development. The US card issuer has not previously invested in the stablecoin sector, and its involvement suggests at least some mainstream financial institutions are moving from observation to active investment.

The timing coincides with evolving stablecoin regulation. The US Senate is advancing legislation to create a federal licensing framework for stablecoin issuers, while the EU's Markets in Crypto-Assets regulation has already established a compliance baseline for euro-denominated stablecoins in Europe.

Velocity enters a crowded market. Established cross-border payment providers such as Nium, Thunes and Airwallex already address treasury friction and trapped-capital issues through conventional rails. A cohort of stablecoin-native infrastructure firms, including Bridge (acquired by Stripe in late 2024) and BVNK, are building similar enterprise-facing settlement layers.

The commercial question for Velocity is whether the stablecoin rail delivers a measurable cost or speed advantage that justifies switching costs for finance teams currently served by incumbent processors and correspondent banking networks.

Velocity plans to deploy the funding across four areas: expanding its global banking and payments network, accelerating product development, deepening regulatory capabilities and servicing growing enterprise demand.

The company did not disclose revenue, transaction volumes or named enterprise customers. Key milestones to watch include regulatory approvals in target markets, expansion of its banking network and any publicly named partnerships with payment processors or financial institutions.