Overview
- Velocity announced a $38 million Series A led by Dragonfly and FirstMark on Tuesday, July 14, 2026, with participation from Activant, Capital One Ventures, QED, Coinbase Ventures, Wintermute and Ripple.
- The London-based startup offers stablecoin-powered treasury and settlement infrastructure that lets businesses hold, move and settle dollar-pegged tokens while connecting to traditional bank rails and compliance systems.
- The company will use the new capital to pursue regional banking and licensing in Africa and Latin America, strengthen custody and regulatory capabilities, and build products that let corporate clients earn yield on stablecoin balances.
- Velocity is targeting chief financial officers and treasury teams at large companies and sees traditional banks and FX providers as its main competitors for cross-border settlement and liquidity management.
- The funding signals growing investor interest in institutional stablecoin infrastructure as firms seek faster, cheaper cross-border settlement and shows how startups must pair on-chain rails with bank relationships, custody and local licenses to win enterprise clients.