Dragonfly, FirstMark lead $38 million Series A for stablecoin startup Velocity with support from Coinbase, Ripple and more
The Block·
60-second summary
Dragonfly Capital and FirstMark Capital lead a $38 million Series A investment in Velocity, a stablecoin startup backed by Coinbase, Ripple, and others. Velocity enables corporate users to utilize stablecoins, connecting them to traditional banking rails and compliance systems, facilitating seamless transactions and bridging the gap between digital and traditional finance.
The startup enables corporate users to use stablecoins while connecting to traditional banking rails and compliance systems.