Velocity raises $38M for enterprise stablecoin treasury tech
Velocity's $38 million Series A reflects a broader surge in venture capital pouring into stablecoin settlement infrastructure as annualized B2B crypto payments hit $226 billion.
Velocity has secured $38 million in a Series A round to build out infrastructure that lets enterprises use stablecoins for treasury operations and cross-border settlements. Dragonfly and FirstMark led the investment, with backing from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple. The capital injection brings the 2025-founded startup's total funding to nearly $50 million.
The company develops software linking stablecoin networks to traditional banking, custody and compliance systems. Velocity intends to use the fresh capital to broaden its payments network, launch new products and bolster its regulatory compliance. Its client base targets enterprise finance teams, payment providers and financial institutions looking to integrate digital assets into their workflows.
Velocity's fundraise is part of a rapid acceleration in venture capital targeting the plumbing behind stablecoin payments. Businesses are increasingly turning to dollar-pegged tokens to bypass slow and expensive traditional foreign exchange rails. According to a joint analysis by McKinsey and Artemis Analytics, stablecoins processed $390 billion in annualized real-world payments in 2025. Business-to-business transactions accounted for $226 billion of that total, highlighting a massive addressable market for backend software providers.
Sector funding accelerates
Other startups in the sector are securing significant capital to capture this B2B market share. OpenFX's $94 million Series A, raised in March, stands out as the largest recent round. The company is using those funds to increase liquidity and expand its stablecoin foreign exchange network into Southeast Asia and Latin America. Tether also backed a $5.2 million round for Ark Labs that month to build a programmable execution layer for Bitcoin-based stablecoin settlements. Trace Finance followed in April with a $32 million raise to scale its cross-border payment infrastructure combining banking and stablecoin settlement.
The rush to build enterprise infrastructure coincides with growing institutional alignment on digital dollar standards. In June, more than 140 companies—including Visa, Mastercard, Coinbase and Ripple—backed the launch of Open USD, a new dollar-pegged stablecoin. For investors and corporate treasurers, the build-out of this backend software signals that stablecoins are shifting from a speculative asset class to a functional tool for global corporate liquidity management.
