London-based Velocity has emerged from stealth with $10M in pre-seed funding to launch its Stablecoin Payment Account platform, aiming to streamline how businesses manage capital across banks, blockchains, and borders. The round was led by Activant Capital, with participation from Fuel Ventures, Fabric Ventures, Commerce Ventures, and others, and includes backing from former executives at Stripe, Visa, Circle, and PayPal.
Founded by Tom Greenwood (Volt, IFX) and Eric Queathem (Worldpay), Velocity targets the inefficiencies of traditional cross-border finance by integrating fiat and stablecoin infrastructure into a single enterprise-grade platform. The system is designed to solve pain points in liquidity, settlement, and treasury operations with the speed and programmability of stablecoins. The launch comes amid growing global regulatory support for digital assets, fueling enterprise demand for stablecoin-ready financial infrastructure.