London-based Velocity has raised a further $10 million, extending its Sequence A to $48 million at a $200 million post-money valuation, with participation from Visa Ventures, Circle Ventures, and Ripple. The recent capital will fund infrastructure connecting stablecoins to present fee networks, settlement techniques, and company treasury operations.
The extension follows a $38 million Sequence A introduced in July, which CEO Eric Queathem stated was oversubscribed. Haun Ventures, Translink Capital, and Mirana Ventures additionally joined the extension spherical, pushing the overall investor checklist effectively past typical crypto-native enterprise backers into strategic company cash from a card community and a stablecoin issuer immediately.
@velocityxyz_ has raised a further $10 million, bringing our whole Sequence A funding to $48 million. @Visa, @circle, @Ripple, @HaunVentures, @translink_cap and @mirana are becoming a member of us for this extension.
Having a few of the largest gamers throughout conventional finance and web3… pic.twitter.com/tRirXv5TSg— Velocity (@velocityxyz_) September 15, 2026
Velocity’s platform lets fee corporations and banks use stablecoins for settlement, liquidity, and treasury operations with out ripping out the techniques they already run. That’s a deliberate scope: the corporate is focusing on the layer connecting issuers, card networks, acquirers, and retailers, not the pockets customers see.
Stablecoin circulation has grown previous $300 billion, with utilization increasing from crypto-exchange greenback transfers into funds, cross-border transfers, and company treasury work, the precise seam Velocity is attempting to occupy.
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The Again-Finish Layer No one Fastened
Queathem’s framing attracts immediately on his time at Worldpay, which settles greater than $2 trillion in annual fee quantity. His analysis: shopper funds acquired quicker and slicker over the previous decade and a half, however the equipment behind them didn’t.
“All this capital has flowed into funds over the past 15 years, and it’s been 100% centered on how do you create a greater expertise on the entrance finish for customers,” Queathem stated. “However nobody has mounted the back-end layer.”
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Why Ripple Participates?
Visa’s verify is notable exactly as a result of Velocity isn’t pitching stablecoins as a card alternative. The corporate expects blockchain-based cash to sit down beneath present fee rails, absorbing extra of the funding and settlement work that occurs invisibly to finish customers.
Visa’s Rubail Birwadker, international head of progress merchandise and strategic partnerships, stated stablecoins are taking part in an more and more necessary function in reshaping how worth strikes throughout the Visa ecosystem, an announcement that reads much less like hedging and extra like a community attempting to personal the migration slightly than get disrupted by it.
Velocity's Sequence A funding has reached $48M following a brand new $10M extension backed by main trade strategics.
Eric @Queathem, CEO of @velocityxyz_, tells @JD_Durkin it's "actually extremely validating to have somebody like Visa be part of the cap desk as an investor." pic.twitter.com/u7hh3AFqVG— FINTECH.TV (@FINTECHTVglobal) September 15, 2026
Velocity Chief Progress Officer Matt Larson made the consumer-invisibility level express: it most likely doesn’t result in everybody switching to stablecoin wallets. As an alternative, he expects the funding and settlement flowing round card networks to more and more shift towards stablecoin rails whereas the front-end expertise stays unchanged.
Queathem’s longer guess is extra aggressive; he expects each international enterprise to carry some worth onchain inside 5 years, which might create sustained demand for reconciliation and treasury instruments bridging blockchain property with legacy monetary techniques.
That’s a projection, not a confirmed development, and it’s price treating it as one. However the investor checklist right here isn’t speculative cash chasing a story. It’s a card community and a stablecoin issuer placing capital behind the particular thesis that treasury and settlement infrastructure, not retail wallets, is the place stablecoin adoption compounds first.
Ripple participation matches a broader sample of the corporate pushing RLUSD and associated infrastructure into institutional credit score and treasury merchandise slightly than retail-facing crypto rails, reinforcing the identical back-end thesis Velocity is promoting to its financial institution and payments-company shoppers.
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