London, United Kingdom — Velocity today announced that Dragonfly Capital has invested in the company, bringing one of the most experienced digital asset infrastructure investors onto its cap table.
Dragonfly Capital is a global investment firm focused on blockchain and digital asset infrastructure. The firm has backed many of the foundational companies across crypto markets, including core protocols, market infrastructure and financial services platforms that have shaped the evolution of on-chain finance.
Their investment in Velocity reflects a shared conviction that stablecoins are moving from edge use cases to core financial infrastructure.
“Dragonfly has consistently backed the infrastructure that underpins meaningful shifts in financial markets,” said Eric Queathem, Founder and CEO of Velocity. “Their understanding of digital asset ecosystems and long-term perspective on stablecoin adoption make them a strong partner as we build for institutional use cases.”
Stablecoins are increasingly being used for cross-border flows, liquidity management and institutional settlement. As adoption expands, the surrounding requirements become more complex. Enterprises demand secure custody frameworks, deep liquidity access, regulatory alignment and operational controls that integrate with treasury systems.
Dragonfly’s investment brings experience across these evolving markets and reinforces Velocity’s focus on building infrastructure that meets institutional standards from the outset.
As stablecoins become more deeply embedded in global financial activity, the emphasis is shifting from access to architecture. We are building the systems that allow finance teams to adopt this new settlement rail within disciplined, enterprise-grade environments. Dragonfly’s backing strengthens that effort and reflects a long-term view on where global settlement is heading.
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