Stablecoin infrastructure company Velocity has expanded its Series A funding round to $48 million after securing another $10 million from investors including Visa Ventures, Circle Ventures and Ripple.
The latest financing values the London-based company at approximately $200 million post-money, according to CEO Eric Queathem.
Velocity plans to use the new capital to expand its stablecoin payment, settlement and treasury infrastructure as demand for blockchain-based financial services continues to grow.
Velocity Series A reaches $48 million
Velocity announced on Sept. 15 that it had raised an additional $10 million, bringing its total Series A financing to $48 million.
The extension round included participation from:
- Visa Ventures
- Circle Ventures
- Ripple
- Haun Ventures
- Translink Capital
- Mirana Ventures
The financing follows Velocity’s original $38 million Series A, which was announced on July 14.
That earlier round was led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple.
Ripple therefore participated in both the original round and the latest extension.
According to Queathem, the new investment gives Velocity a $200 million post-money valuation.
He also said the original Series A had been oversubscribed, highlighting investor interest in stablecoin payment infrastructure.
Velocity focuses on stablecoin payment infrastructure
Velocity builds infrastructure designed to help companies use stablecoins without replacing their existing financial systems.
Its platform connects stablecoin networks with traditional banking rails, custody services, liquidity providers, compliance systems and settlement tools.
The company works with several types of financial businesses, including:
- Banks
- Payment companies
- Merchants
- Acquirers
- Fintech companies
- Stablecoin issuers
Velocity’s approach is to place stablecoin technology behind existing payment and treasury systems rather than requiring companies to operate a completely separate crypto infrastructure.
This means businesses can potentially benefit from blockchain-based settlement while keeping much of their existing financial workflow unchanged.
Visa investment highlights growing stablecoin demand
Visa Ventures’ participation in the funding round comes as Visa continues expanding its own stablecoin capabilities.
Visa has increasingly explored how stablecoins can be used for settlement, cross-border payments and other financial services.
Rubail Birwadker, Visa’s global head of growth products and strategic partnerships, said stablecoins are becoming an increasingly important part of Visa’s ecosystem.
He described Velocity as infrastructure that could help bring stablecoin-based money movement to more businesses.
The investment also follows previous operational work between Visa and Velocity.
On Sept. 9, MVB Financial and Velocity announced their participation in a Visa Direct pilot involving stablecoin settlement.
The program allows eligible participants to use stablecoins for certain funding and settlement obligations linked to Visa Direct.
Stablecoin settlement can operate through a single API
Velocity said the MVB arrangement uses a single API combined with regulated wallet infrastructure.
Digital asset conversion, wallet connectivity and blockchain controls are handled through licensed partners.
This allows stablecoins to be integrated into existing payment systems without requiring customers to build and maintain their own blockchain infrastructure.
The availability of the service still depends on customer eligibility and geographic restrictions.
The model reflects Velocity’s broader strategy of making blockchain settlement largely invisible to the end user.
Businesses can continue using familiar financial systems while stablecoins operate behind the scenes.
Visa expands its stablecoin ecosystem
Visa’s interest in Velocity comes amid broader growth in its stablecoin-related payment activity.
The company recently reported that more than 160 stablecoin-linked card programs were operating globally during its fiscal second quarter.
Payment volume across these programs had increased by nearly 200% year over year.
Visa also said stablecoin settlement volume had exceeded a $20 billion annualized rate.
These figures show how stablecoins are increasingly moving beyond crypto-native applications and into mainstream financial infrastructure.
Velocity targets settlement and treasury operations
Founded in 2025, Velocity focuses on companies that want to use stablecoins for payments and treasury management without rebuilding their existing financial systems.
Its platform combines stablecoin infrastructure with:
- Local banking services
- Custody
- Liquidity management
- Foreign exchange connectivity
- Compliance tools
- Regulated wallets
- Treasury automation
- Payment settlement
One of the potential advantages is reducing reliance on prefunded accounts.
Traditional international payment systems often require companies to keep money in multiple bank accounts around the world.
Stablecoin-based settlement can potentially reduce that requirement by allowing funds to move more quickly between markets.
Velocity also argues that blockchain settlement can operate outside traditional banking hours.
Stablecoins could reshape corporate treasury operations
Queathem previously worked at Worldpay, where he gained experience with large payment networks and settlement infrastructure.
His strategy for Velocity is based on the idea that stablecoins will increasingly operate behind existing financial products rather than forcing businesses and consumers to interact directly with blockchain technology.
He believes corporate adoption of onchain assets will expand significantly over the next several years.
Queathem has said that he expects every global business to eventually hold some form of value onchain.
That forecast remains the company’s view rather than a confirmed market outcome.
However, the growing number of stablecoin investments from banks, payment networks and venture capital firms shows that the sector is attracting significant institutional attention.
Stablecoin infrastructure funding grows in 2026
Velocity is not the only stablecoin infrastructure company attracting major investment.
Several companies in the sector have raised significant funding during 2026.
Tazapay, for example, increased its Series B funding to $36 million, with backing from Circle Ventures, Coinbase Ventures and Ripple.
Another infrastructure provider, Checker, raised $8 million to develop a single API that allows banks and fintech companies to launch stablecoin services.
Checker said it had processed more than $3 billion in transactions during the previous 12 months.
These funding rounds suggest investors increasingly view stablecoin infrastructure as an important part of future payment systems.
Visa previously backed BVNK
Visa Ventures has also invested in other stablecoin infrastructure companies.
In 2025, Visa took a strategic stake in BVNK following the company’s $50 million Series B.
BVNK provides infrastructure connecting traditional currencies with blockchain-based payment systems.
Its services include payments, payouts, treasury management and settlement.
Mastercard later completed its acquisition of BVNK in August 2026 in a transaction reportedly worth up to $1.8 billion.
The deal highlighted the growing interest from major payment networks in companies building stablecoin infrastructure.
Visa’s investment in Velocity therefore fits into a broader industry trend in which traditional payment companies are building exposure to blockchain-based settlement technology.
Velocity operates within a developing UK stablecoin regime
Velocity is headquartered in London, where the regulatory environment for stablecoins is continuing to develop.
UK regulators finalized new rules covering qualifying stablecoins and crypto custody on June 30.
The framework is expected to apply to companies authorized under the new regime beginning Oct. 25, 2027.
The application gateway is scheduled to open on Sept. 30, 2026.
Velocity says its infrastructure connects customers with licensed banks, foreign exchange providers and digital asset partners.
The company’s public materials do not suggest that every regulated activity is performed directly by Velocity.
Instead, certain activities, including digital asset conversion and blockchain controls, are handled by licensed partners.
Circle investment strengthens Velocity’s stablecoin connections
Circle Ventures’ participation in the funding round also strengthens Velocity’s connections to the broader stablecoin ecosystem.
Circle is the issuer of USDC, one of the largest dollar-backed stablecoins.
The company reported approximately $74.1 billion of USDC in circulation as of Sept. 10.
Circle also said USDC was available through more than 1,000 banks, blockchains, distributors and other partners.
Circle’s investment in Velocity reflects the growing effort among stablecoin issuers to expand the infrastructure that connects digital dollars with businesses and traditional financial institutions.
What comes next for Velocity?
Velocity says the expanded $48 million Series A will support further development of its platform and partnerships with banks, merchants, payment providers, issuers and other financial institutions.
The company has not disclosed a separate timeline for spending the additional $10 million raised in the extension.
Its growth strategy centers on making stablecoin infrastructure easier to integrate into existing financial systems.
Rather than asking companies to replace their current treasury and payment operations, Velocity wants stablecoins to function as an underlying settlement layer.
Backing from Visa Ventures, Circle Ventures, Ripple and other major investors suggests that institutional interest in stablecoin infrastructure remains strong.
As stablecoin adoption expands across payments, treasury management and settlement, companies such as Velocity could play an increasingly important role in connecting blockchain networks with traditional finance.
Disclaimer: This article is for informational and educational purposes only and should not be considered financial or investment advice.
