Velocity secured $38 million from investors, including Dragonfly and Coinbase Ventures. The startup is building software to help businesses integrate stablecoins into their treasury and payment systems, streamlining how companies manage digital assets for daily operations.
Velocity, a new technology company, recently secured $38 million in funding from major investors, including Dragonfly, FirstMark, and Coinbase Ventures. This capital will support the company's efforts to develop and expand its software offerings. The software is designed to help businesses smoothly integrate stablecoins, which are digital currencies pegged to stable assets like the US dollar, into their financial operations. This includes managing their company's money and processing payments more efficiently. Velocity aims to make it simpler for enterprises to use digital assets for their everyday financial needs.
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