Velocity Secures $15M Series A to Expand Stablecoin Settlement

London-based payment startup Velocity has successfully closed a $15 million Series A funding round, marking a significant milestone in its mission to modernize cross-border financial transactions. The investment round was spearheaded by the prominent crypto venture capital firm Dragonfly, with high-profile participation from Coinbase, Capital One Ventures, and the algorithmic market maker Wintermute. This capital injection underscores the growing institutional appetite for blockchain-based alternatives to traditional correspondent banking systems.

Disrupting Traditional Cross-Border Payments

Founded in 2025, Velocity has positioned itself as a direct competitor to legacy banks and foreign exchange institutions by leveraging stablecoin-based settlement solutions. The company provides a robust infrastructure for global merchants, fintech firms, and payment institutions to manage treasury operations without the delays and high fees typically associated with the SWIFT network. By utilizing the transparency and speed of blockchain technology, the platform facilitates near-instant transfers that remain accessible 24/7.

Currently, Velocity’s operational footprint covers the United States, Australia, and several European jurisdictions. The platform’s core value proposition lies in its ability to bridge the gap between traditional fiat currencies and digital assets, ensuring that large-scale enterprises can navigate the complexities of international trade with greater liquidity and reduced counterparty risk.

Strategic Expansion and Product Development

The newly acquired funds are earmarked for an ambitious global scaling strategy. According to company plans, a primary focus will be the acquisition of regulatory licenses in Africa and Latin America, regions where cross-border payment friction remains a significant barrier to economic growth. Additionally, the company intends to enhance its technical architecture through:

• Strengthening its proprietary asset custody infrastructure to ensure institutional-grade security for client funds.
• Developing yield-generating stablecoin products designed to offer competitive returns on idle corporate capital.
• Refining its compliance framework to meet the rigorous standards of diverse international financial regulators.

Stablecoins, which are typically pegged 1:1 to the US Dollar or other stable assets, have increasingly become the preferred medium for B2B settlements due to their price stability and programmable nature.

Meeting Enterprise Financial Needs

By targeting the cross-border settlement needs of large enterprises, Velocity is addressing a segment of the market that requires more sophisticated financial tools than retail-focused crypto wallets. The integration of yield-bearing features into their treasury management suite suggests a move toward becoming a comprehensive digital prime broker for the corporate sector. As the regulatory environment for digital assets matures, Velocity’s expansion into emerging markets may provide a vital blueprint for how blockchain-based fintech can complement or replace traditional banking infrastructure in high-growth regions.