Stablecoin treasury platform Velocity has secured $38 million in a Series A funding round to strengthen its infrastructure for enterprise-level stablecoin settlement and treasury management. The company plans to accelerate the development of cross-border payment tools and regulatory capabilities for institutional clients.
Major backers in Series A round
Dragonfly and FirstMark led the funding round, which also drew participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple. Velocity announced that the fresh capital will be used to expand its banking and payments network, launch new products, and reinforce compliance functions.
Velocity, established in 2025, develops software that connects stablecoin networks with traditional banking, custodial, compliance, and settlement systems. Its products target enterprise finance teams, payments companies, financial institutions, and fintech firms looking to harness stablecoins for cross-border payments and corporate treasury operations.
With this latest round, Velocity’s total funding now approaches $50 million less than a year after its launch.
Mini dictionary: Velocity is a financial technology startup building software to integrate stablecoin payments with legacy banking systems, focusing on business and institutional use cases.
Velocity will use the new capital to expand its global banking and payments network while developing products to improve cross-border settlement for enterprises.
Rising investments in stablecoin infrastructure
The enterprise stablecoin market has become increasingly competitive in recent months. In June, more than 140 companies helped launch Open USD (OUSD), a US dollar-pegged stablecoin backed by industry giants such as Visa, Mastercard, Coinbase, and Ripple.
Funding for stablecoin projects has accelerated as major players prioritize building technical infrastructure to support enterprise payments and settlements. In March, Tether joined a $5.2 million round for Ark Labs, a company developing infrastructure for stablecoin issuance and payments on Bitcoin. Ark Labs is working on a programmable execution layer to enable faster settlements and advanced financial operations.
Later, OpenFX raised $94 million in a Series A round to develop its stablecoin-based foreign exchange network, aiming to speed up cross-border payments for businesses. The company has plans to expand operations into Southeast Asia and Latin America, as well as increase overall network liquidity.
| Company | Funding Amount | Main Focus | Planned Expansion |
|---|---|---|---|
| Velocity | $38 million | Stablecoin treasury, settlement, and compliance | Global payments network |
| Ark Labs | $5.2 million | Stablecoin issuance and payments on Bitcoin | Programmable execution layer |
| OpenFX | $94 million | Stablecoin-based foreign exchange | Southeast Asia, Latin America |
| Trace Finance | $32 million | Cross-border payments with banking and stablecoin settlement | Multinational business operations |
Trace Finance, another fintech startup, recently raised $32 million to enhance its infrastructure for multi-market business payments, which blends banking, foreign exchange, and stablecoin services.
These investments reflect a push to modernize global payments as stablecoin transaction volumes grow.
Stablecoin payments surge
Research from McKinsey and Artemis Analytics estimates $390 billion in annualized real-world payments were settled using stablecoins in 2025, with around $226 billion attributed to business-to-business transactions. This rapid growth is driven by companies seeking faster and more efficient ways to move capital internationally.
Companies are increasingly using stablecoins to process large-scale payments, and business-to-business transactions now make up a significant share of stablecoin activity.
As companies invest in new stablecoin infrastructure, the sector is set to see continued innovation in global payments and financial services.
