Velocity, a stablecoin treasury and settlement platform, has raised £28 million in a Series A led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple. Founded in 2025, Velocity works with global merchants, payment providers, fintechs and financial institutions looking to modernise treasury operations, reduce settlement times, eliminate prefunding requirements, and move capital more efficiently across borders. This round brings Velocity's total capital raised to nearly £37 million since May 2025.
Treasury teams and CFOs use the Velocity platform to hold, move and settle funds using stablecoin infrastructure. While stablecoins first emerged as a faster way to move money, businesses are increasingly using stablecoin-powered systems to improve liquidity management, reduce trapped working capital, streamline global operations, and access near-instant settlement in any market. Combining stablecoin infrastructure with local banking rails, compliance, custody, liquidity management and settlement orchestration, the platform allows businesses and financial institutions to access the benefits of stablecoins without changing their core treasury operations.
Velocity plans to use the new funding to expand its global banking and payments network, accelerate product development, deepen regulatory capabilities, and support growing demand from enterprises and financial institutions adopting stablecoin-powered treasury and settlement infrastructure.
Investors backing the round span digital assets, enterprise software, payments and traditional financial services, including FirstMark, whose portfolio includes Shopify, Airbnb and Pinterest. Their participation reflects a growing view that stablecoins are becoming a foundational layer of global financial infrastructure, with adoption increasingly driven by global enterprises and financial institutions rather than crypto-native users alone.
We first met Velocity over a year ago, and it was clear from the beginning they have a uniquely deep understanding of the global payments stack and how it can be disrupted. What sets them apart is their ability to connect traditional payments and banking infrastructure with stablecoin networks and unlock significant value. We believe stablecoin adoption will be driven by global enterprises and financial institutions and Velocity is reimagining how critical payments and commerce are executed.
The most enduring technology companies are built around shifts that fundamentally change how industries operate. We believe stablecoins have the potential to transform the movement of money as profoundly as the internet transformed the movement of information. Velocity has all the characteristics of a category-defining company and is uniquely positioned to translate that shift into real-world infrastructure for enterprises and financial institutions.
At QED we've backed payments businesses across dozens of markets, and the pattern is consistent: the infrastructure that wins is the infrastructure that fits into how businesses already operate. Stablecoins will fundamentally change how money moves, but only when they're built into the workflows treasury teams already rely on. Velocity has built exactly that bridge, giving enterprises a practical path to faster settlement and more efficient global liquidity.
Every business wants faster settlement, more efficient treasury operations, lower costs, and better control over global liquidity. The timing and technology are right for us to bring these features to market. From day one, we have focused on the needs of CFOs and treasury teams, rather than focusing only on those who are crypto native. The adoption we're seeing today, alongside the calibre of investors supporting us, reflects a broader shift in the market. Stablecoins are moving beyond payments and becoming core infrastructure for how businesses manage and move money globally. We fundamentally believe they will become instrumental in powering the back end of consumer payment flows.
