Velocity extends Series A to $48M with Ripple, Circle, Visa backing
DeFi & Yields ·
Stablecoin treasury platform Velocity raised a $10M extension to its Series A, lifting the round's total to $48M at a $200M valuation.
The extension was led by HAUN Ventures, with additional backing from Circle Ventures, Ripple, and Visa, according to a round summaryStablecoin (icoanalytics.org). Velocity is described as a stablecoin treasury platform, positioning the company at the intersection of corporate cash management and on-chain dollar instruments.
The participation of Circle and Ripple, both issuers with stablecoin products, alongside Visa, a payments network exploring blockchain settlement, signals continued strategic interest from established payments and stablecoin infrastructure players in treasury tooling built around digital dollars. A $200M valuation on a cumulative $48M raised places Velocity among a wider set of crypto companies drawing institutional Series A capital this year, a trend that has also touched infrastructure projects such as Pharos Network and payments-focused startups like Trace Finance and El Dorado, though those deals are separate and unrelated to Velocity's raise.
Two sources are tracked covering this cluster, pointing to the same $10M extension, $48M cumulative total, and $200M valuation figures without conflicting reports on round size or lead investor.
Not yet disclosed is how Velocity plans to deploy the new capital, what specific treasury products it offers, or whether additional investors beyond HAUN Ventures, Circle Ventures, Ripple, and Visa participated in the extension. Also unclear is the timeline for any subsequent funding round or whether the $200M valuation reflects terms set at the original Series A close or renegotiated terms tied to this extension.