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Stablecoin financial infrastructure provider VelaFi completes $20 million Series B funding, led by XVC and Ikuyo

2026-01-12 13:04:31

Odaily Planet Daily reports that stablecoin financial infrastructure provider VelaFi announced the completion of a $20 million Series B funding round, led by XVC and Ikuyo, with participation from Planetree, BAI Capital, Alibaba Investment (a subsidiary of Alibaba), and others. To date, the company's total funding has reached $40 million. VelaFi was founded in 2020, initially building payment infrastructure in Latin America, and later expanding its business to the United States and Asia. Its platform connects local banking systems, cross-border payment networks, and mainstream stablecoin protocols, enabling enterprises to transfer funds across markets faster and at lower costs than traditional systems. (CoinDesk)

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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