Velocity has extended its Series A to $48 million at a reported $200 million valuation, drawing backing from Visa, Circle, and Ripple as investors position around the infrastructure connectin
Velocity has extended its Series A to $48 million at a reported $200 million valuation, drawing backing from Visa, Circle, and Ripple as investors position around the infrastructure connecting stablecoins to existing settlement, liquidity, and treasury systems. The Velocity Series A round now bundles an earlier raise with a fresh top-up, signaling continued institutional appetite for payment rails that bridge digital dollars and legacy banking workflows.
Velocity announced a $10 million extension to its Series A, additional capital layered on top of the company's earlier financing rather than a standalone new round. For related coverage, see DOJ Seeks $61M Crypto Forfeiture Tied to Iranian Oil Sales.
New Series A extension
$10 million
Velocity announced $10 million in additional Series A funding (USD). Source: Velocity.With the extension, total Series A funding reaches $48 million, the sum of the original $38 million round and the new tranche. This figure represents the Series A total after the extension, not the size of the new proceeds alone and not the company's lifetime capital raised. For related coverage, see Bitcoin Reverses Monday’s Gain; Clarity Act Odds Decline.
Total Series A funding
$48 million
The $38 million original round plus the $10 million extension brings Series A funding to $48 million (USD). This is the Series A total, not lifetime funding. Source: Velocity.The earlier $38 million Series A was led by Dragonfly and FirstMark, with proceeds earmarked to expand Velocity's global banking and payments network, accelerate product development, and deepen its regulatory capabilities, according to the company's original announcement.
CEO Eric Queathem told CoinDesk that the new investment valued Velocity at $200 million post-money, a figure attributed to his interview rather than disclosed in the company's own announcement. Velocity describes its platform as enabling stablecoin settlement, liquidity, and treasury operations without replacing institutions' existing systems.
The extension drew participation from six investors: Visa Ventures, Circle Ventures, Ripple, Haun Ventures, Translink Capital, and Mirana Ventures, per Velocity's announcement.
Visa, Circle, and Ripple anchor the headline investor list, a trio spanning card networks, stablecoin issuance, and cross-border settlement. Their presence should be read as strategic interest in stablecoin infrastructure, not as confirmation of commercial partnerships, payment integrations, or token usage.
Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships at Visa, framed the thesis directly.
Stablecoins are playing an increasingly important role in reshaping how value moves across the Visa ecosystem, and companies like Velocity are helping accelerate adoption and unlock new opportunities for our customers and partners.
Chris Ahn, a partner at Haun Ventures, pointed to the firm's earlier stablecoin bets. Haun Ventures had early conviction in stablecoin infrastructure, with investments in both Bridge and BVNK, Ahn said, adding that Velocity represents the next evolution of that thesis.
The announcement does not identify a lead investor, disclose allocations, or name investment vehicles for the extension, and it does not establish which backers entered during the original round versus the top-up. Ripple's involvement does not by itself imply XRP usage, just as Circle Ventures' participation does not establish USDC integration in any Velocity product.
For context on the broader market, XRP traded at $1.39 with a roughly 0.9% decline over 24 hours, a snapshot of the token tied to investor Ripple rather than any measure of Velocity or a reaction to the financing. Sentiment across crypto sat at 69 on the Fear & Greed Index, in "Greed" territory but not specific to this deal.
A September 9 announcement said MVB Financial will participate in a Visa Direct pilot for stablecoin-enabled funding and settlement of eligible push-to-card payouts, according to Velocity. That pilot offers the clearest operational link between Velocity's platform and Visa's payments ecosystem, distinct from the equity backing.
The pilot is subject to eligibility and geography, with licensed partners handling digital-asset conversion, wallet connectivity, and on-chain controls. It should not be read as a universal commercial rollout. The funding lands as Washington continues to shape digital-asset rules, from the House crypto tax bill's fee exemptions to the stalled negotiations after Republicans rejected a Clarity Act counterproposal, a regulatory backdrop that shapes how stablecoin rails scale.
The company frames $48 million as its total Series A, and the incremental $10 million as the extension proceeds; how that fresh capital will be deployed is not detailed in the announcement.
Velocity's extension announcement does not spell out a specific use of proceeds for the new tranche, leaving open how the additional capital maps to product, network expansion, or regulatory work referenced in the original round. Readers should distinguish details that are simply absent from these announcements from details the company has affirmatively declined to disclose.
Publication timing also warrants care: Velocity lists the extension as September 15, 2026, while surrounding reporting metadata varies, so the announcement date should not be inferred from a URL. As with governance-heavy stories such as Balancer's proposed treasury distribution, the terms that matter most sit in the primary documents, and verifying company identity, business model, and funding terms remains the standard before drawing firmer conclusions.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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