- Velocityโs $10M funding aims to advance stablecoin financial systems.
- Led by Activant Capital, involving industry veterans.
- Focus on enhancing global payments through stablecoins.
Emerging from stealth, Velocityโs funding marks a pivotal moment in stablecoin technology integration within financial infrastructure.
London-based Velocity has secured $10 million to create a stablecoin operating system. This financing will enhance global financial operations and transactions.
Velocityโs leadership, including Tom Greenwood, draws from extensive payment industry experience. Tom Greenwood emphasized their stablecoin use for operational efficiency, not speculative purposes.
โThe future of finance isnโt about replacing the old with the new. Itโs about intelligently integrating both. Weโre not chasing crypto hype โ weโre using stablecoins to remove friction, accelerate settlement, and drive improved performance of real-world financial operations.โ โ Tom Greenwood, Co-founder and CEO, Velocity
The market anticipates improved transaction speeds and cost efficiency due to Velocityโs infrastructure. Activant Capitalโs involvement underscores the strategic market potential.
Analysis suggests potential regulatory hurdles in adopting stablecoin technology. However, past trends show increasing institutional interest, fostering optimism for broader acceptance.
About the author
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