Stablecoin treasury platform Velocity has raised $38 million in a Collection A funding spherical to broaden infrastructure that helps enterprises and monetary establishments use stablecoins for cross-border settlement and treasury operations.
The funding spherical was led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Buyers, Coinbase Ventures, Wintermute Ventures and Ripple. Velocity mentioned it plans to make use of the capital to broaden its banking and funds community, develop new merchandise and strengthen its regulatory capabilities.
Based in 2025, Velocity develops software program that connects stablecoin networks with banking, custody, compliance and settlement techniques. The corporate targets enterprise finance groups, cost suppliers, fintech corporations and monetary establishments utilizing stablecoins for cross-border funds and treasury operations.
The most recent financing brings Velocity’s complete funding to just about $50 million because it launched in 2025, in response to the corporate.
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The funding comes as competitors within the enterprise stablecoin market intensifies. In June, greater than 140 firms backed the launch of Open USD (OUSD), a dollar-pegged stablecoin supported by firms together with Visa, Mastercard, Coinbase and Ripple.
Stablecoin infrastructure funding accelerates
Funding in stablecoin infrastructure has accelerated this 12 months as firms construct the software program and community infrastructure supporting funds, settlement and enterprise monetary companies.
In March, Tether participated in a $5.2 million funding spherical for Ark Labs, a startup constructing infrastructure for stablecoin issuance and settlement on Bitcoin. The corporate is creating a programmable execution layer to allow sooner funds and extra complicated monetary functions on the community.
Later that month, OpenFX raised $94 million in a Collection A funding spherical to broaden its stablecoin-based international change community, which is designed to hurry up cross-border funds for companies. The corporate mentioned it might use the capital to broaden into Southeast Asia and Latin America whereas growing liquidity throughout its community.
Hint Finance secured $32 million the next month to broaden its cross-border cost infrastructure, which mixes banking, international change and stablecoin settlement companies for companies working throughout a number of markets.
The investments come as stablecoin funds proceed to broaden. A joint evaluation by McKinsey and Artemis Analytics estimated that stablecoins processed $390 billion in annualized real-world funds in 2025, together with about $226 billion in business-to-business transactions.
Annualized real-world stablecoin cost quantity by use case. Supply: McKinsey, Artemis Analytics
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