Stablecoin payments and treasury platform Velocity has raised an additional $10 million in a Series A extension, bringing its total Series A funding to $48 million.
The round includes investments from Visa Ventures, Circle Ventures, Ripple, Haun Ventures, Translink Capital and Mirana Ventures, adding several major names from the payments and digital asset industries to Velocity’s investor base.
The extension follows Velocity’s initial $38 million Series A announced last month. The new capital will support the company’s efforts to expand its stablecoin infrastructure for issuers, acquirers, payment providers, financial institutions and merchants worldwide.
“We are excited to welcome several new investors to Velocity, including Visa through Visa Ventures. From day one, we have focused on improving how money moves through the payments ecosystem. These investors operate at the center of that ecosystem and will provide invaluable insight as we use stablecoins to transform the experience.”
Eric Queathem, Founder and CEO of Velocity
Building Stablecoin Infrastructure for Payments
Velocity is developing infrastructure that allows businesses and financial institutions to use stablecoins for settlement, liquidity and treasury operations without replacing their existing payment and banking systems.
The company’s platform is designed to make money movement more continuous, reduce dependence on prefunding and enable settlement outside traditional banking hours.
The participation of Visa, Circle and Ripple gives Velocity strategic backing from companies already playing major roles in payments and stablecoin infrastructure.
“Stablecoins are playing an increasingly important role in reshaping how value moves across the Visa ecosystem, and companies like Velocity are helping accelerate adoption and unlock new opportunities for our customers and partners.”
Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships at Visa
Circle Ventures and Ripple bring experience in developing and deploying stablecoin infrastructure, while Translink Capital provides connections across Asian corporate and institutional markets.
Haun Ventures, which has previously invested in stablecoin infrastructure companies including Bridge and BVNK, sees Velocity as another step in the evolution of stablecoins from a payments tool into broader financial infrastructure.
“Stablecoins are moving beyond faster transactions to become a foundational layer for global finance. Velocity is building the technology that enables major institutions to embed them directly into their payment and treasury operations.”
Chris Ahn, Partner at Haun Ventures
With $48 million raised in its Series A, Velocity plans to continue expanding its platform and developing infrastructure connecting issuers, acquirers, merchants and financial institutions through stablecoin-powered settlement.
The investment comes as stablecoins increasingly move beyond crypto-native applications and into the infrastructure supporting global payments, liquidity management and corporate treasury operations.
