Dragonfly and FirstMark co-led Velocity's $38M Series A, joined by Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple; the 2025 startup has now raised nearly $50M. Velocity combines stablecoins with local banking, compliance, custody and liquidity tools for cross-border treasury and settlement, and will put the new cash into its global payments network, product development and regulatory capacity.

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