Velocity secures USD $10M to build stablecoin platform

Velocity has raised USD $10 million in a pre-seed funding round to develop stablecoin infrastructure for enterprise finance.

The funding round was led by Activant Capital, with additional participation from Fuel Ventures, Triton Capital, Fabric Ventures, Commerce Ventures, Digital Space Ventures, and Preface Ventures. The group of strategic shareholders features current and former executives from companies including Stripe, Worldpay, Visa, Circle, PayPal, and Google.

Velocity, founded by industry veterans Tom Greenwood and Eric Queathem, aims to provide a platform enabling enterprises to manage and move capital across banks, blockchains, and international borders. The Stablecoin Payment Account product offers management for both fiat and stablecoin transactions, aiming to simplify cross-border settlement, liquidity management, and treasury operations.

The founders bring significant sector experience. Greenwood previously established Volt, a real-time payments company, and IFX, known for foreign exchange and cross-border payments. Queathem spent close to a decade at Worldpay, focusing on global strategy and growth within both traditional and crypto markets.

The company's mission centres on bridging the gap between traditional finance systems and digital assets, an area that has seen growing emphasis as regulators in the US, UK, EU, and Singapore build frameworks for stablecoin adoption. According to Velocity, traditional financial infrastructure was not designed for a multi-asset environment, creating limitations for enterprises wishing to integrate digital assets such as stablecoins.

"This isn't about replacing the old with the new; it's about intelligently integrating both. We're not chasing crypto hype — we're leveraging stablecoins to remove friction, accelerate settlement, and drive improved performance in real-world financial operations," Tom Greenwood, Co-Founder and Chief Executive Officer, said, describing the company's approach.

"We've experienced first-hand the financial complexity of operating a global business — the fragmentation of providers, the lack of transparency, and the workarounds. Velocity is built to eliminate that friction with infrastructure that scales, adapts, and solves the real-world problems large enterprises face every day when moving and managing money around the world," Eric Queathem, Co-Founder and President, said.

The funding round is being announced amid what observers say is an acceleration of enterprise demand for digital payment infrastructure, driven by maturing regulation and interest in stablecoins. The Velocity platform is designed to provide seamless integration of fiat and digital assets, enabling businesses to avoid running parallel systems or resorting to complex integrations.

"Tom and Eric bring the rare technical depth and regulatory fluency needed to build and scale a product like this. We've shared this vision for years, and now is the time to bring it to life. Velocity isn't just solving cross-border payments, it's rethinking how enterprises manage FX, liquidity, and treasury through stablecoin infrastructure," Andrew Steele, Partner at Activant Capital, commented.

"Velocity is building foundational infrastructure for the future of global finance. We backed Tom at Volt, and we're proud to back him again. Tom and Eric bring unique experience in navigating regulation, scaling enterprise platforms, and solving the real-world operational challenges that define success," Shiv Patel, Partner at Fuel Ventures, added.

Velocity states that the Stablecoin Payment Account gives enterprises a frictionless approach to handling capital flows across global financial platforms, combining the programmability and speed of stablecoins with the standards of traditional regulated finance.

"We're proud to support Velocity as a technology partner. Fireblocks' recent report on stablecoin trends showed that 90% of market participants are moving forward with stablecoin adoption at pace. As demand for digital payment infrastructure accelerates, the market needs trusted, enterprise-ready solutions. Velocity is bringing a thoughtful approach to shaping this next chapter of digital payments," Ran Goldi, Senior Vice President of Payments and Network at Fireblocks, said.

The emergence of Velocity comes as many large enterprises look for technology to address the complexity of managing cross-border payments, enhance liquidity, and adapt to regulatory change. The company has stated that its platform is designed to address these needs without forcing firms to overhaul existing systems, focusing instead on integration and operational efficiency.