Ripple Backs $38 Million Series A for Stablecoin-to-Banking Rails Startup Velocity
Velocity, a startup bridging stablecoin infrastructure with traditional banking and compliance systems, has closed a $38 million Series A round with Ripple among its backers. The round was led by Dragonfly and FirstMark, with additional support from Coinbase and others. The investment signals continued institutional interest in stablecoin payment infrastructure that connects to regulated financial rails.
Velocity, a startup focused on enabling corporate users to transact in stablecoins while remaining connected to traditional banking rails and compliance systems, has raised $38 million in a Series A funding round. The round was co-led by Dragonfly and FirstMark Capital, with participation from Coinbase Ventures, Ripple, and additional investors.
Ripple's participation places the company alongside other major crypto infrastructure players in backing a product aimed at solving a core friction point: allowing enterprises to use stablecoins operationally without abandoning the compliance and banking connectivity that institutional users require.
This investment is consistent with Ripple's broader strategic direction, which has included the launch of its own stablecoin RLUSD and ongoing efforts to position XRP and the XRP Ledger as infrastructure for cross-border and institutional payments. Supporting a startup that builds compliant stablecoin-to-banking connectivity aligns with that payments thesis.
The funding round highlights growing competition and investment in the stablecoin infrastructure layer, where startups are racing to become the compliance and rails layer sitting between digital dollar instruments and legacy financial systems. Ripple's equity stake in Velocity adds another node to its growing ecosystem of stablecoin and payments-adjacent investments.
Key facts
- •Velocity raised $38 million in a Series A round
- •Round led by Dragonfly and FirstMark Capital
- •Ripple participated alongside Coinbase and other investors
- •Velocity targets corporate stablecoin use connected to traditional banking rails
- •Investment aligns with Ripple's stablecoin and payments infrastructure strategy