Velocity raises $38M to build stablecoin treasury infrastructure for enterprises
Cointelegraph 2026-07-14 20:04:31
Context: Velocity, a startup backed by prominent investors, has raised $38 million to develop infrastructure for enterprises to manage stablecoins. The company aims to provide software that enables businesses to seamlessly integrate stablecoins into their treasury and payment systems. This move is part of a broader effort to expand the use of stablecoins in mainstream finance.
Key Facts
- Velocity has secured $38 million in funding from investors including Dragonfly, FirstMark, and Coinbase Ventures, to support the development of its stablecoin treasury infrastructure for enterprises.
- The startup's software is designed to help businesses integrate stablecoins into their treasury and payment workflows, streamlining the process of managing digital assets.
- With this funding, Velocity plans to expand its offerings and provide enterprises with a more efficient and secure way to manage stablecoins, potentially increasing their adoption in mainstream finance.