Stablecoin treasury and settlement platform Velocity has raised $38 million in a Series A led by Dragonfly and FirstMark, with participation from Coinbase Ventures, Ripple, Wintermute Ventures, Capital One Ventures, and others.

Founded in 2025, Velocity now says it has raised nearly $50 million since May. The startup is building tools for enterprises and financial institutions to move, settle, and manage funds with stablecoins while connecting to traditional banking and compliance rails.

The new funding will support global expansion, product development, and regulatory capabilities as institutional demand for stablecoin-powered payments continues to grow.