Summary
Velocity, a London-based stablecoin treasury and settlement platform, announced a $38 million Series A funding round led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple. Founded in 2025 by Eric Queathem (former WorldPay executive), Velocity helps global merchants, payment providers, fintechs, and financial institutions modernize treasury operations using stablecoin infrastructure.
Velocity's platform combines stablecoin infrastructure with local banking rails, compliance, custody, liquidity management, and settlement orchestration — allowing businesses to access the benefits of stablecoins without changing their core treasury operations. The company already operates in the US, parts of Europe, and Australia, and plans to use the new capital to obtain licenses for Africa and Latin America expansion. This brings Velocity's total capital raised to nearly $50 million since May 2025.
Key Facts
- $38M Series A led by Dragonfly and FirstMark
- Participants: Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, Ripple
- Founded 2025 by Eric Queathem (ex-WorldPay)
- Platform: stablecoin treasury + local banking rails, compliance, custody, liquidity management
- Customers: global merchants, payment providers, fintechs, financial institutions
- Operating in: US, Europe, Australia — expanding to Africa and Latin America
- Total raised: ~$50M since May 2025
- Dragonfly: "Stablecoin adoption will be driven by global enterprises and financial institutions"
- FirstMark: "Stablecoins have potential to transform movement of money as profoundly as internet transformed information"
Why It Matters
Velocity represents a new category of fintech infrastructure — companies that bridge traditional corporate treasury operations with stablecoin rails. The participation of Capital One Ventures, Coinbase Ventures, and Ripple alongside traditional VC firms like FirstMark signals that stablecoin-based treasury management is moving from crypto-native to mainstream enterprise adoption. The $38M round and blue-chip investor syndicate validate that stablecoins are becoming a foundational layer of global financial infrastructure.