Velocity
Stablecoin-powered real-time payments and treasury platform for enterprises
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About Velocity
Velocity is a stablecoin payments and treasury platform for corporate finance teams, gathering payments, balances, liquidity and FX behind a single API. Once onboarded, a company holds fiat and stablecoin balances in programmable wallets and moves them when needed instead of pre-funding accounts in multiple countries; cross-border payments use stablecoins as the middle rail and land in local fiat on demand, with prices quoted by connected banks and market makers and routed on best execution. Custody runs on HSM-based multi-signature architecture with regulated partners, segregated accounts and no single node holding keys.
A typical workflow starts in finance: payables staff create a batch in the corporate system, the platform splits it into a stablecoin leg and a local fiat payout, and market makers quote by size and time window. Clients fall into three groups: payment firms funding cross-border corridors, multinationals managing multi-currency balances and institutions moving funds between accounts. Against an acquiring gateway it keeps balances, liquidity and FX in one view; against bank cash management, one interface returns both onchain and bank movements.
Velocity was founded in 2025 by Eric Queathem (ex-Worldpay/McKinsey) and Tom Greenwood (founder of Volt), targeting CFOs and treasury teams rather than crypto-native users. Its core product, the Stablecoin Payment Account, unifies fiat and stablecoin balances across banks, blockchains and countries.
In May 2025, Velocity exited stealth with a $10 million pre-seed led by Activant Capital, gaining its first external validation. Later, it closed a $38 million Series A led by Dragonfly and FirstMark, with participation from Coinbase Ventures, Capital One Ventures, QED Investors, Wintermute Ventures, Ripple and Activant Capital. Total funding reached nearly $50 million.
Long-term significance: Velocity represents stablecoins as backend enterprise financial infrastructure — not consumer payment UI. By combining stablecoin rails with banking, compliance, custody and liquidity, it helps CFOs eliminate prefunding, reduce FX friction and achieve real-time settlement. Its orchestration layer may also become the decision point for which chains and networks enterprise flows use, giving treasury platforms strategic influence over the future of money movement.
In 2026 Velocity used two rounds to embed itself in the settlement layer of stablecoin payments. In July it closed a USD 38 million Series A led by Dragonfly and FirstMark with Activant, Capital One Ventures, QED, Coinbase Ventures and Wintermute Ventures. On 15 September it added a USD 10 million extension joined by Visa Ventures, Circle Ventures, Ripple, Haun Ventures, Translink Capital and Mirana Ventures, taking the Series A to USD 48 million at a reported USD 200 million post-money valuation.
The use of funds is specific: connect stablecoins to the clearing and treasury systems issuers, acquirers, payment providers and merchants already run, cut prefunding and extend settlement beyond banking hours. A week earlier Velocity ran a Visa Direct pilot with MVB Financial supporting stablecoin-funded payouts and settlement.
Future strategy and roadmap: After the MVB Financial Visa Direct pilot, Velocity will scale its stablecoin push-to-card from pilot to production issuing and acquiring, directly integrating card issuers, acquirers, payment providers and merchants' existing clearing and treasury systems. It plans to exploit the UK's 2027 stablecoin framework to extend settlement beyond banking hours, cut pre-funding reliance and capture clients' back-end settlement flows without replacing their systems. Funds will also extend multi-currency and yield capabilities, aiming for a unified API across payments, liquidity and treasury management.
Velocity was founded in London in 2025 by payments veterans Eric Queathem and Tom Greenwood, both from Worldpay's senior ranks. Queathem, founder and CEO, was an executive vice president at Worldpay responsible for global merchant acquiring and cross-border settlement; Greenwood handles strategy and commercial development. Around them sit CTO Łukasz Anwajler on platform and settlement engineering, chief banking officer Steve Delpy on bank partners and licensing, plus product and risk leads James Osborn and John Stathacopoulos.
Velocity recently welcomed Olann Kerrison as Chief Network Officer in July 2026. With over 20 years of experience in FX and cross-border payments, he previously served as Chief Commercial Officer at AbbeyCross, VP of FX & Global Payments at American Express, and VP of FX Products at Worldpay. At Velocity, he will lead the expansion of banking, payment provider, and liquidity partner networks, drive FX product strategy, and advance stablecoin adoption. He initially joined in February 2026 as Head of FX & Financial Institutions, and this promotion signals Velocity's accelerated push to build global infrastructure.