Velocity raises USD $38 million in Series A funding
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KAREN JOY BACUDO
Finance Editor
Velocity has raised USD $38 million in a Series A funding round led by Dragonfly and FirstMark.
Other investors included Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple.
The new financing brings the London-based stablecoin treasury and settlement platform’s total capital raised to nearly USD $50 million since May 2025. Founded in 2025, Velocity sells software and infrastructure for enterprises, payment providers, fintechs and financial institutions that want to use stablecoins for treasury and settlement.
Its platform is designed to help finance teams hold, move and settle funds through stablecoin systems while connecting to local banking rails, compliance processes, custody arrangements, liquidity management tools and settlement orchestration.
The fundraising comes as more businesses test whether stablecoin-based systems can shorten settlement times, reduce the need for prefunding and improve cross-border liquidity management. Investors are linking stablecoins to broader changes in how corporate finance teams manage global cash movements.
Investor backing
Rob Hadick, General Partner at Dragonfly, said Velocity stood out for its understanding of payments infrastructure and its effort to connect legacy systems with blockchain-based networks.
“We first met Velocity over a year ago, and it was clear from the beginning they have a uniquely deep understanding of the global payments stack and how it can be disrupted,” said Rob Hadick, General Partner at Dragonfly. “What sets them apart is their ability to connect traditional payments and banking infrastructure with stablecoin networks and unlock significant value. We believe stablecoin adoption will be driven by global enterprises and financial institutions, and Velocity is reimagining how critical payments and commerce are executed.”
FirstMark described its investment as a bet that stablecoins will become a more widely used part of financial infrastructure beyond the digital asset sector.
“The most enduring technology companies are built around shifts that fundamentally change how industries operate,” said Adam Nelson, Partner at FirstMark. “We believe stablecoins have the potential to transform the movement of money as profoundly as the internet transformed the movement of information. Velocity has all the characteristics of a category-defining company and is uniquely positioned to translate that shift into real-world infrastructure for enterprises and financial institutions.”
QED Investors, which has a long track record in payments and fintech, said the market would favour companies that integrate stablecoin services into existing treasury workflows rather than forcing customers to rebuild their workflows.
“At QED we’ve backed payments businesses across dozens of markets, and the pattern is consistent: the infrastructure that wins is the infrastructure that fits into how businesses already operate. Stablecoins will fundamentally change how money moves, but only when they’re built into the workflows treasury teams already rely on. Velocity has built exactly that bridge, giving enterprises a practical path to faster settlement and more efficient global liquidity,” said Gbenga Ajayi, Partner at QED Investors.
Treasury focus
Velocity is targeting Chief Financial Officers and treasury teams rather than crypto-native traders or decentralised finance users. Businesses are looking at stablecoins not only as a payment tool but also as a way to manage liquidity, reduce trapped working capital, and gain faster access to funds across markets.
That positions Velocity in a growing field of companies trying to package blockchain-based settlement in a form that traditional finance teams can use without fully changing their existing operations.
Eric Queathem, Founder and Chief Executive Officer of Velocity, said customer demand is centred on core treasury concerns.
“Every business wants faster settlement, more efficient treasury operations, lower costs, and better control over global liquidity,” said Eric Queathem, Founder and Chief Executive Officer at Velocity. “The timing and technology are right for us to bring these features to market.”
Queathem said the company had built its product around finance leaders rather than users already familiar with crypto markets.
“From day one, we have focused on the needs of CFOs and treasury teams, rather than focusing only on those who are crypto native. The adoption we’re seeing today, alongside the calibre of investors supporting us, reflects a broader shift in the market,” said Queathem. “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.”
Velocity plans to use the funding to expand its banking and payments network, build out its product and strengthen its regulatory work as it seeks more enterprise and financial institution clients.
