Velocity Raises $38M to Build Enterprise Stablecoin Treasury Tools

Velocity, a startup building stablecoin infrastructure for corporate finance teams, announced a $38 million funding round backed by heavyweight crypto and venture investors including Dragonfly, FirstMark Capital and Coinbase Ventures, the company revealed this week. The raise signals growing institutional appetite for tools that make stablecoin adoption practical at the enterprise level.

The fresh capital will fuel expansion of Velocity's core software platform, which is designed to help businesses embed stablecoins directly into treasury management and payment workflows — two functions that have historically relied on traditional banking rails. By targeting back-office financial operations, Velocity is positioning itself in a fast-developing niche where crypto utility meets corporate finance.

The involvement of Coinbase Ventures is notable given the exchange's own deepening push into institutional stablecoin services, suggesting a strategic alignment between infrastructure builders and the platforms that stand to benefit from broader enterprise adoption. Dragonfly and FirstMark, both known for early-stage bets on crypto and fintech respectively, lend the round significant cross-sector credibility.

The funding arrives as stablecoins increasingly attract regulatory scrutiny and legislative attention in Washington, with Congress actively debating frameworks that could define how dollar-pegged digital assets function in commerce. For enterprises sitting on the sidelines, the availability of purpose-built treasury software may lower the perceived risk of entering the space ahead of clearer rules.

Velocity's raise reflects a broader market thesis: that the next wave of stablecoin growth will be driven not by retail speculation but by corporate treasurers seeking faster settlements, reduced foreign-exchange friction and programmable payment capabilities. Continue reading at Cointelegraph.