What happened

Velocity, a London-based fintech building enterprise stablecoin treasury infrastructure, closed a $38 million Series A round on Tuesday led by Dragonfly and FirstMark. Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple also participated. The company has now raised nearly $50 million total since its founding in 2025.

Why it matters

Stablecoin infrastructure startups have been raising steadily this cycle, but Velocity's round stands out for the breadth of its investor base , bridging crypto-native funds, traditional VC, and strategic payments players. The thesis is that stablecoins are moving past crypto market use into the back-office plumbing of multinational corporations.

The total stablecoin market has shed $10 billion since May, but infrastructure investment tells a different story. Capital is flowing into the rails, not the coins themselves. Velocity is betting that CFOs want the settlement speed of blockchain without the operational headache of managing it themselves.

What to watch

Velocity's expansion into Africa and Latin America will test whether its platform can handle the regulatory patchwork of emerging markets. The company is also building yield-bearing products for corporate stablecoin balances , a feature that will put it in direct competition with both traditional money market funds and crypto-native yield protocols. The question is whether enterprises trust stablecoin yield enough to move idle cash off traditional bank deposits.

What corporate treasury teams want is faster settlement and better liquidity visibility without having to rip out their existing systems. Velocity is selling stablecoins as an infrastructure upgrade, not a crypto experiment.

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Key takeaways

• Velocity raised $38M in Series A co-led by Dragonfly and FirstMark; total funding reaches ~$50M since 2025 founding.
• Platform targets CFOs and treasury teams, not crypto-native users, with stablecoin settlement that plugs into existing banking workflows.
• Expansion plans target Africa and Latin America; new product development includes institutional custody and yield-bearing stablecoin accoun…

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