Velocity Raises $48M Led By Visa, Circle, And Ripple

London based payments infrastructure firm Velocity has just closed a funding extension that brings its total Series A round to $48 million. The company is now valued at $200 million following the new capital injection, according to CEO Eric Queathem.

Big names in the digital asset space backed this round, including Visa, Circle, and Ripple. This level of backing shows strong traditional financial interest in bridging standard payment rails with blockchain technology.

Funding rounds of this size highlight ongoing venture capital interest in crypto infrastructure. Traders and observers will watch how Velocity uses these funds to scale its payment networks and compete in the digital asset sector.