Stablecoin

America

Velocity

Stablecoin treasury platform Velocity raised $38 million in a Series A funding round to expand infrastructure that helps enterprises and financial institutions use stablecoins for cross-border settlement and treasury operations.
The funding round was led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple. Velocity said it plans to use the capital to expand its banking and payments network, develop new products and strengthen its regulatory capabilities.
Founded in 2025, Velocity develops software that connects stablecoin networks with banking, custody, compliance and settlement systems. The company targets enterprise finance teams, payment providers, fintech firms and financial institutions using stablecoins for cross-border payments and treasury operations.
The latest financing brings Velocity’s total funding to nearly $50 million since it launched in 2025, according to the company.
Related: <a href="https://cointelegraph.com/news/japans-jcb-signs-mou-with-circle-to-explore-usdc-payments-and-cross-border-settlements" rel="noopener noreferrer nofollow">JCB signs Circle MOU to test stablecoin payments in Japan</a>
The funding comes as competition in the enterprise stablecoin market intensifies. In June, more than 140 companies backed the <a href="https://cointelegraph.com/news/financial-companies-us-dollar-payment-stablecoin" rel="noopener noreferrer nofollow">launch of Open USD</a> (OUSD), a dollar-pegged stablecoin supported by companies including Visa, Mastercard, Coinbase and Ripple.
<h2 id="stablecoin-infrastructure-investment-accelerates">Stablecoin infrastructure investment accelerates</h2>
Investment in stablecoin infrastructure has accelerated this year as companies build the software and network infrastructure supporting payments, settlement and enterprise financial services.
In March, Tether participated in a <a href="https://cointelegraph.com/news/tether-backs-ark-labs-in-5-2m-round-to-build-stablecoin-infrastructure-on-bitcoin" rel="noopener noreferrer nofollow">$5.2 million funding round</a> for Ark Labs, a startup building infrastructure for stablecoin issuance and settlement on Bitcoin. The company is developing a programmable execution layer to enable faster payments and more complex financial applications on the network.
Later that month, <a href="https://cointelegraph.com/news/opentrade-17-million-raise-stablecoin-yield-ceo-regulation" rel="noopener noreferrer nofollow">OpenFX raised $94 million</a> in a Series A funding round to expand its stablecoin-based foreign exchange network, which is designed to speed up cross-border payments for businesses. The company said it would use the capital to expand into Southeast Asia and Latin America while increasing liquidity across its network.
Trace Finance <a href="https://cointelegraph.com/news/trace-finance-cross-border-stablecoin-settlement-expansion" rel="noopener noreferrer nofollow">secured $32 million</a> the following month to expand its cross-border payment infrastructure, which combines banking, foreign exchange and stablecoin settlement services for businesses operating across multiple markets.
The investments come as stablecoin payments continue to expand. A joint <a href="https://www.mckinsey.com/industries/financial-services/our-insights/stablecoins-in-payments-what-the-raw-transaction-numbers-miss" rel="noopener noreferrer nofollow">analysis</a> by McKinsey and Artemis Analytics estimated that stablecoins processed $390 billion in annualized real-world payments in 2025, including about $226 billion in business-to-business transactions.<img alt="" height="1156" src="https://s3-images.ctmedia.io/media/content/screenshot-2026-07-14-at-12930-pm.png" width="1643">
Annualized real-world stablecoin payment volume by use case. Source: <a href="https://www.mckinsey.com/industries/financial-services/our-insights/stablecoins-in-payments-what-the-raw-transaction-numbers-miss#/" rel="noopener noreferrer nofollow">McKinsey, Artemis Analytics</a>
Magazine: <a href="https://cointelegraph.com/news/uk-government-capital-gains-lending-liquidity-no-gain-no-loss" rel="noopener noreferrer nofollow">UK government defers capital gains on certain crypto with ‘no gain, no loss’ approach</a>

Velocity raises $38M to build stablecoin treasury infrastructure for enterprises

Table of Contents

Cointelegraph

Other articles published on Jul 14, 2026

Join our free newsletter for daily crypto updates!