Velocity raises $38 million to build stablecoin treasury infrastructure

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Deep Tide TechFlow message: On July 16, Cointelegraph reported that the stablecoin treasury platform Velocity completed a $38 million Series A round, led by Dragonfly and FirstMark. Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple participated.

Velocity was founded in 2025. Its software connects stablecoin networks with banking, custody, compliance, and settlement systems, serving corporate finance teams and financial institutions for cross-border payments and treasury operations. After this round, the company’s total funding is nearly $50 million. The funds will be used to expand the bank payment network, develop new products, and strengthen regulatory capabilities.

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