What happened

Velocity, a London-based stablecoin treasury and settlement platform, raised a $38 million Series A co-led by Dragonfly and FirstMark. Participating investors include Capital One Ventures, QED Investors, Activant Capital, Coinbase Ventures, Wintermute Ventures, and Ripple. Total funding since the companys May 2025 stealth exit now stands at nearly $50 million.

CEO Eric Queathem co-founded the company with Tom Greenwood, a payments veteran who previously founded Volt. Velocity's platform lets enterprises hold, move, and settle funds across both fiat and stablecoin rails without replacing existing treasury management systems.

Why it matters

Corporate stablecoin adoption has been held back not by technology but by integration friction. Existing enterprise treasury systems were not built to talk to blockchains. Velocity's approach , wrapping stablecoin settlement in bank-compatible APIs alongside compliance, custody, and liquidity management , turns stablecoins into a plug-in upgrade for a CFOs existing stack rather than a rip-and-replace project.

The investor roster mirrors that bridging logic. Ripple brings stablecoin issuance and payments network expertise. Capital One Ventures represents the traditional bank venture perspective. Coinbase Ventures, Dragonfly, and Wintermute anchor the crypto side. QED Investors brings two decades of global payments investing.

What to watch

Velocity says it plans to secure regulatory licenses to expand into Latin America and Africa , two regions where cross-border settlement delays and FX costs create obvious demand for stablecoin-based alternatives.

The company is also building out custody infrastructure and yield-bearing products for corporate stablecoin balances, opening a potential revenue stream beyond per-transaction fees. If Velocity can capture even a fraction of the $2 trillion-plus global corporate treasury market, the $38 million Series A may look like a starting stake, not a peak.

Velocity's real insight was that enterprise CFOs dont want to replace their treasury stack , they want stablecoins to plug into it. The investor lineup, pulling in both Capital One Ventures and Ripple, shows the market is betting that bridge-building, not blockchain maximalism,…

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Key takeaways

• Velocity raised $38M Series A co-led by Dragonfly and FirstMark with participation from Capital One Ventures, Ripple, Coinbase Ventures, Wi…
• The platform lets enterprises hold, move, and settle funds via stablecoins while keeping existing banking and compliance workflows, targeti…
• Expansion plans target Latin America and Africa, where slow correspondent banking infrastructure makes stablecoin settlement an attractive…

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