Velocity Raises $38M to Build Enterprise Stablecoin Treasury Tools
Velocity secured $38M from Dragonfly, FirstMark, and Coinbase Ventures to expand stablecoin treasury and payment software for businesses.
Velocity, a startup building stablecoin infrastructure for corporate finance teams, has raised $38 million in fresh funding, the company announced. The round was led by prominent crypto and venture investors Dragonfly, FirstMark, and Coinbase Ventures, signaling continued institutional appetite for enterprise-grade digital asset tooling.
The capital will fuel expansion of Velocity's core software platform, which is designed to help businesses embed stablecoins directly into treasury management and payment workflows. Rather than requiring companies to navigate raw blockchain infrastructure, Velocity abstracts that complexity into tools finance teams can operate without deep crypto expertise.
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The fundraise arrives as stablecoins inch closer to mainstream corporate adoption. A growing number of enterprises are exploring dollar-pegged digital assets as a way to accelerate cross-border settlements, reduce reliance on correspondent banking rails, and earn yield on idle cash — use cases Velocity's platform is positioned to serve.
The backing from Coinbase Ventures is particularly notable, as it aligns Velocity with the exchange giant's own push to deepen stablecoin utility beyond retail trading. Dragonfly and FirstMark bring both crypto-native networks and traditional venture relationships that could help Velocity land enterprise clients across fintech, payments, and corporate treasury verticals.
With regulatory clarity around stablecoins slowly improving in the United States, infrastructure players like Velocity are racing to capture the enterprise segment before larger financial software incumbents move in. Continue reading at Cointelegraph.
