Velocity Completes $38 Million Series A Financing to Accelerate Stablecoin Payment Infrastructure
Stablecoin payment infrastructure startup Velocity announced the completion of a $38 million Series A financing round, led by Dragonfly, with participation from Coinbase, Capital One Ventures, and Wintermute.
Founded in 2025, Velocity focuses on providing stablecoin payment solutions for enterprises, payment service providers, fintech companies, and financial institutions, helping to optimize cross-border payments, fund settlements, and fund management processes.
The company currently operates in the U.S., parts of Europe, and the Australian market, planning to use the new funds to apply for licenses to expand its business in Africa and Latin America, as well as to build secure custody infrastructure and new features such as stablecoin yield products.
Source: Public Information
ABAB AI Insight
Velocity, as an emerging player in payment infrastructure, leverages stablecoins for enterprise settlements, similar to how early players like Circle or Ripple rapidly expanded through institutional partnerships, previously reducing traditional SWIFT costs by utilizing USD-pegged advantages.
On the capital front, crypto funds like Dragonfly and traditional venture resources are channeling into Velocity's technology and licensing applications, motivated by the wave of stablecoin adoption among enterprises, strategically bridging CeFi and traditional financial payment scenarios to expand network effects.
Similar to the financing boom for stablecoin payment companies in 2024-2025, this round positions Velocity at the early stages of global expansion and product deepening.
Essentially, this represents a restructuring of the industry chain, embedding stablecoin solutions into the core of enterprise fund management, with the mechanism aimed at optimizing cross-border settlement efficiency, thereby accelerating the shift of capital from traditional banking systems to stablecoin-driven infrastructure and reshaping the global payment landscape.
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- Stablecoin payments are a permanent killer of cross-border costs.
- The lead signal in Series A determines subsequent licensing and expansion speed.
- Infrastructure leads, followed by enterprise adoption.