Stablecoin enablement firm Velocity has raised $38 million in Series A funding, according to a note from the firm.
The funding round was led by FirstMark and Dragonfly. Other investors include Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple.
Based in the UK, Velocity was founded last year with a mission to modernize treasury options by reducing settlement times and moving capital more efficiently across borders. The stablecoin payments and treasury platform is designed to support global CFOs and corporate treasurers by combining traditional financial infrastructure with stablecoins to move value quickly and effectively. Firms can unlock capital and optimize cash flow.
Gbenga Ajayi, Partner at QED Investors, a leading Fintech-focused VC, said they have backed payments firms and there is a consistent pattern where services that fit into how the business already operates will win. Ajayi said that stablecoins change how money moves but only when they are integrated into existing workflows.
“Velocity has built exactly that bridge, giving enterprises a practical path to faster settlement and more efficient global liquidity.”
Eric Queathem, founder and CEO of Velocity, says that every business wants faster, more efficient settlement, and that is what they provide.
Velocity combines stablecoin infrastructure that bridges with banking rails, compliance, custody, liquidity management, and settlement, enabling users to access the benefits of stablecoins without changing operations.
Since May 2025, Velocity has raised $50 million in funding.