Key Takeaways
- • Velocity, a London-based stablecoin treasury platform founded in 2025, closed a $38 million Series A led by Dragonfly and FirstMark, bringing total capital raised to nearly $50 million since May 2025.
- • The funding syndicate includes Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple, signaling broad institutional and crypto-native conviction in stablecoin infrastructure adoption.
- • Velocity's platform enables enterprises, payment providers, fintechs, and financial institutions to hold, move, and settle funds via stablecoins while maintaining integration with existing banking rails and workflows—eliminating the need for operational overhauls.
- • The company targets CFOs and treasury teams seeking to reduce cross-border settlement times, cut prefunding requirements, lower trapped working capital, and achieve near-instant settlement across multiple markets.
- • Investor commentary frames stablecoins as structural infrastructure comparable to the internet's impact on information distribution, positioning Velocity at the intersection of traditional finance and digital asset networks.
Summary
Velocity, a London-based stablecoin treasury and settlement platform, has secured $38 million in Series A funding led by venture firms Dragonfly and FirstMark. The round represents significant institutional backing for the company's infrastructure approach to enterprise stablecoin adoption. Additional investors include Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple. This funding brings Velocity's total capital raised to nearly $50 million since its founding in May 2025, though the company did not disclose the Series A valuation.
Velocity's core offering addresses a critical friction point in enterprise treasury operations: enabling companies to leverage stablecoins for settlement and liquidity management without abandoning existing banking relationships or operational infrastructure. The platform bundles compliance, custody, liquidity management, and settlement orchestration capabilities, allowing CFOs and treasury teams to adopt stablecoin rails incrementally. According to the company, Velocity customers are using these capabilities to reduce trapped working capital, streamline global operations, and access near-instant settlement across multiple markets while maintaining connectivity to local banking systems.
Founder and CEO Eric Queathem emphasized the company's deliberate focus on traditional treasury functions rather than crypto-native use cases. "From day one, we have focused on the needs of CFOs and treasury teams, rather than focusing only on those who are crypto native," Queathem stated. The platform specifically targets reductions in cross-border settlement times and prefunding requirements, presenting stablecoins as core infrastructure for global fund movement rather than speculative assets.
Investor framing reflects confidence in stablecoins as foundational infrastructure. Rob Hadick, general partner at Dragonfly, highlighted Velocity's ability to bridge traditional payments and banking infrastructure with stablecoin networks. FirstMark partner Adam Nelson positioned stablecoins as a structural shift in money movement, drawing a parallel to the internet's transformative impact on information distribution. This investor commentary suggests the capital community views stablecoin settlement infrastructure as solving persistent inefficiencies in cross-border treasury operations for large enterprises and financial institutions.
Velocity's core offering addresses a critical friction point in enterprise treasury operations: enabling companies to leverage stablecoins for settlement and liquidity management without abandoning existing banking relationships or operational infrastructure. The platform bundles compliance, custody, liquidity management, and settlement orchestration capabilities, allowing CFOs and treasury teams to adopt stablecoin rails incrementally. According to the company, Velocity customers are using these capabilities to reduce trapped working capital, streamline global operations, and access near-instant settlement across multiple markets while maintaining connectivity to local banking systems.
Founder and CEO Eric Queathem emphasized the company's deliberate focus on traditional treasury functions rather than crypto-native use cases. "From day one, we have focused on the needs of CFOs and treasury teams, rather than focusing only on those who are crypto native," Queathem stated. The platform specifically targets reductions in cross-border settlement times and prefunding requirements, presenting stablecoins as core infrastructure for global fund movement rather than speculative assets.
Investor framing reflects confidence in stablecoins as foundational infrastructure. Rob Hadick, general partner at Dragonfly, highlighted Velocity's ability to bridge traditional payments and banking infrastructure with stablecoin networks. FirstMark partner Adam Nelson positioned stablecoins as a structural shift in money movement, drawing a parallel to the internet's transformative impact on information distribution. This investor commentary suggests the capital community views stablecoin settlement infrastructure as solving persistent inefficiencies in cross-border treasury operations for large enterprises and financial institutions.
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