speed It has raised $38 million in a Series A funding round to expand its stablecoin payments and treasury platform designed for global enterprises, it said Tuesday (July 14). press release.
The company’s platform enables companies to maintain their core treasury operations while accessing the benefits of stablecoins, including reduced settlement times, elimination of upfront funding requirements and the ability to move capital more efficiently across borders, the statement said.
The platform combines stablecoin infrastructure with local banking rail, compliance, custody, liquidity management and settlement coordination, according to the statement.
Velocity will use the new financing to expand its global banking and payments network, accelerate product development, deepen regulatory capabilities, and support growing demand from businesses and financial institutions, according to the statement.
Since its founding in 2025, Velocity has focused on the needs of CFOs and treasury teams, Founder and CEO, Velocity Eric Kitthem he said in the release.
“Stablecoins are moving beyond just payments and becoming an essential infrastructure for how businesses are run and money is moved globally,” Kitthem said. “We fundamentally believe they will become instrumental in powering the back end of consumer payment flows.”
According to the statement, the Series A round brings the total capital raised by Velocity since May 2025 to $50 million.
The company announced in May 2025 that it had raised $10 million Pre-seed financingShe said in October that she had received investment from Dragonfly Capital.
Dragonfly also led the Series A round alongside FirstmarkAccording to what was stated in a press release on Tuesday.
Velocity has an understanding of the global payment stack and how it can be disrupted, and the company can unlock value by connecting traditional payments and banking infrastructure to stablecoin networks, Dragonfly General Partner Rob Haddick he said in the release.
“We believe the adoption of stablecoins will be driven by global enterprises and financial institutions, and Velocity is reimagining how important payments and commerce are done,” Haddick said.
PYMNTS reported in January that banks and fintech companies are looking to blockchain-native tools Stable coin– Payments based on treasury operations and cross-chain financing.
PYMNTS reported on Friday (July 10) that the race will bring stablecoins Mainstream trade finance faces the challenge of whether treasury departments can address it without dismantling the systems that actually manage its day-to-day cash movements.
