Velocity, a London-based startup building stablecoin-powered treasury and settlement infrastructure for enterprises and financial institutions, has raised $38 million in a Series A round led by Dragonfly and FirstMark.
The round also included Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple. Founded in 2025, the company said it has now raised nearly $50 million in total since May 2025.
Velocity combines regulated stablecoins with banking rails, compliance, custody, liquidity management, and settlement orchestration, aiming to help businesses move funds in real time and reduce friction in global payments and treasury operations.
The company said the new capital will be used to expand its global banking and payments network, speed up product development, strengthen regulatory capabilities, and meet rising demand from enterprises and financial institutions adopting stablecoin-based settlement tools.
The round also included Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple. Founded in 2025, the company said it has now raised nearly $50 million in total since May 2025.
Velocity combines regulated stablecoins with banking rails, compliance, custody, liquidity management, and settlement orchestration, aiming to help businesses move funds in real time and reduce friction in global payments and treasury operations.
The company said the new capital will be used to expand its global banking and payments network, speed up product development, strengthen regulatory capabilities, and meet rising demand from enterprises and financial institutions adopting stablecoin-based settlement tools.