Velocity Raises $38 Million in Series A to Expand Enterprise Stablecoin Infrastructure

Velocity has raised $38 million in a Series A round to expand its infrastructure for enterprise and financial institution stablecoin-based cross-border settlement and financial operations. According to a recent report by Coin Telegraph, this Series A round was led by DragonFly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple. Velocity plans to allocate the funds to expand banking and payment networks, develop new products, and strengthen regulatory compliance capabilities. Founded in 2025, Velocity is a stablecoin network designed for banks.