CryptoUK Welcomes Velocity’s $10 Million Series A Extension
Velocity has announced a $10 million extension to its Series A funding, bringing the total to $48 million. This funding round includes notable investments from Visa Ventures, Ripple, and Circle Ventures, reflecting strong industry support. The move is significant as it bolsters Velocity’s efforts in building stablecoin infrastructure for payments and liquidity operations. For more details, visit the official announcement here.
The Story So Far
The announcement from Velocity, shared by CryptoUK, highlights a robust influx of capital into the company, which is focused on enhancing payment systems through stablecoins. With a total of $48 million raised, this funding will enable Velocity to further develop its infrastructure for payments and treasury operations. The backing from prominent investors like Visa Ventures and Ripple signals confidence in Velocity’s vision and the broader potential for stablecoins in the financial ecosystem.
The Essentials
- Velocity’s Series A extension totals $48 million, with a $10 million increase. The extension includes investments from Visa Ventures and Ripple. The funding focuses on enhancing stablecoin infrastructure. This strategic move positions Velocity for growth in payments and liquidity. The announcement was made via CryptoUK on September 15, 2026.
Token Metrics
Currently, the crypto market is experiencing mixed signals, reflecting a broader climate of uncertainty. However, Velocity’s recent funding success amidst this backdrop indicates a positive outlook for projects focused on stablecoin solutions. Investors are increasingly eyeing companies like Velocity that are poised to innovate within the payments landscape, suggesting potential for further investment and development in the sector.
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