Stablecoin treasury platform Velocity raised $38M Series A led by Dragonfly Capital and FirstMark.
DeFi & Yields ·
Velocity, a stablecoin platform targeting corporate users, has secured $38M in Series A funding led by Dragonfly and FirstMark, with participation from Coinbase, Ripple, and Capital One Ventures. The round marks a significant institutional commitment to infrastructure bridging corporate banking and stablecoin rails.
Series A represents the first major institutional equity round after seed stage, typically involving the sale of preferred shares at a negotiated valuation. In crypto and Web3, this funding milestone signals that experimental concepts have matured into regulated infrastructure with demonstrated product-market fit and a path to sustainable revenue. The timing reflects broader venture interest in stablecoin payments and treasury infrastructure as core financial rail components.
The specific uses of capital and detailed product roadmap remain unspecified in available reporting. The round's composition—led by two prominent Web3 investors and backed by both major crypto platforms and traditional finance players—suggests confidence in enterprise adoption and regulatory viability, though concrete metrics on user adoption or corporate partnerships have not been disclosed.