Velocity Raises $38M to Bring Enterprise Treasury Onchain: Eric Queathem on Dragonfly & Capital One

Описание: Eric Queathem spent his career in payments infrastructure before co-founding Velocity to bring enterprise treasury onchain. Twelve months ago, every CFO meeting started with the same question: is this safe? Now the question has shifted to where do I start, and that pivot in sentiment, catalyzed by Circle going public and Capital One entering stablecoins, is what Velocity was built for.

Eric Queathem is Founder and CEO of Velocity, which just closed a $38 million Series A led by Dragonfly alongside First Mark, QED, Capital One Ventures, and Susquehanna. Velocity provides stablecoin infrastructure for enterprise treasury teams through a no-code dashboard and API that lets businesses settle cross-border payments, manage capital positions, and sweep funds programmatically, built to compete directly against traditional banking rails rather than other crypto infrastructure.

The proof points: Fortune 40 companies are among Velocity's earliest customers, with one CFO prepared to transition half a billion dollars of volume from a French banking partner to the platform. An advisory firm hired to validate the move asked to become a distribution channel, selling Velocity-powered treasury projects to other CFOs across their client base. Eric notes that 100 basis points is considered usurious in their market, and the volume ahead is measured not in billions but in trillions and quadrillions.

Eric unpacks why the natural entry point for traditional businesses to come onchain runs through the consumer payments and card network ecosystem, how Discover's acquisition by Capital One created an unexpected path for network participants to embrace stablecoins, why competing against banks rather than crypto infrastructure requires a fundamentally different commercial approach, and what it means when his CTO says he needs more AI tokens rather than more developers.

Eric Queathem - Founder & CEO, Velocity
X: @Queathem | @velocityxyz_

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