Stablecoin focused financial infrastructure provider VelaFi has raised $20 million in a Series B funding round as it accelerates expansion of its enterprise payments platform across major global markets. The round was led by XVC and Ikuyo, with participation from Alibaba Investment, Planetree, BAI Capital, and other international investors, lifting the company’s total funding to more than $40 million. VelaFi operates under Galactic Holdings and provides stablecoin based payment and treasury infrastructure designed for businesses operating across multiple jurisdictions. The fresh capital will be directed toward licensing, banking partnerships, and operational growth as the firm deepens its footprint beyond Latin America into the United States and Asia. The raise reflects continued investor interest in companies building the underlying rails that support digital dollar settlement rather than consumer facing crypto products.
Founded in 2020, VelaFi initially focused on building payment infrastructure tailored to Latin American markets, where cross border transactions are often costly and slow. Since then, the company has expanded its platform to connect local banking systems, global payment networks, and major stablecoin protocols, enabling enterprises to move funds across regions with greater speed and efficiency. Its services include on and off ramps, pay ins and pay outs, multi currency accounts, foreign exchange tools, and asset management capabilities delivered either directly or through application programming interfaces. By integrating stablecoins into enterprise workflows, VelaFi aims to reduce reliance on fragmented correspondent banking networks while maintaining compliance with regulatory and financial reporting requirements in each operating jurisdiction.
The funding round comes as stablecoins gain wider acceptance as tools for cross border payments, treasury management, and liquidity operations among multinational firms. Once largely confined to crypto trading activity, stablecoins are increasingly viewed as digital settlement instruments that bridge legacy finance and blockchain based systems. This shift has drawn growing attention from regulators and financial institutions seeking faster and more transparent payment mechanisms. VelaFi said it has already served hundreds of enterprise clients and processed billions of dollars in transaction volume, positioning itself to benefit as demand for interoperable and regulatory aligned payment infrastructure continues to expand globally.
