Stablecoin Treasury Platform Velocity Raises $38M Led by Dragonfly and FirstMark

TL;DR:

• Velocity closed a Series A funding round totaling $38 million, bringing its total capital raised to nearly $50 million since its founding in 2025.
• The round saw participation from firms such as Dragonfly, FirstMark, Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple.
• A joint analysis by McKinsey and Artemis Analytics calculated that stablecoins processed $390 billion in annualized real-world payments during the year 2025.

The stablecoin treasury platform Velocity raised $38 million in a Series A funding round. The plan is to expand the infrastructure that allows companies and financial institutions to use digital assets for cross-border settlement and treasury operations.

The injection of funds was co-led by Dragonfly and FirstMark. According to information from Velocity, the new financial resources will also focus on expanding its banking and payments network, developing new products, and strengthening its global regulatory capabilities.

Founded in 2025, the company develops specialized software that connects stablecoin networks with banking, custody, compliance, and settlement systems. The business model targets corporate finance teams, payment providers, fintech firms, and financial institutions.

Acceleration in the Stablecoin Infrastructure Market

Velocity’s capitalization occurs in a context of high competition in the corporate sector. In June 2025, more than 140 companies backed the launch of Open USD (OUSD), a stablecoin pegged to the dollar that has the support of traditional firms such as Visa and Mastercard.

Capital movements in the sector show a steady growth trend during the first half of the year.

In March, Tether participated in a $5.2 million round for Ark Labs, a firm that develops issuance tools on Bitcoin. Industry data suggests that these investments seek to accelerate complex financial applications.

That same month, OpenFX raised $94 million in its Series A to expand its stablecoin-based foreign exchange network. The company plans to use the funds to enter markets in South America and Southeast Asia.

Subsequently, Trace Finance secured $32 million with the goal of integrating traditional banking and foreign exchange services with crypto settlements.

The growth of the sector coincides with an increase in real operational volume. A global report by McKinsey and Artemis Analytics estimated that B2B transactions accounted for around $226 billion within the total volume processed by stablecoins in 2025.

The next milestone for the institutional ecosystem includes the operational testing phase of stablecoin payments in Asia, driven by the memorandum of understanding recently signed between JCB and Circle.