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Backing Velocity to Power the Future of Multi-Asset Finance

28 May 2025

We’re excited to back Velocity, a company building the core infrastructure for a multi-asset financial future. Founded by industry veterans Tom Greenwood and Eric Queathem, Velocity enables enterprises to move and manage capital seamlessly across banks, blockchains, and borders—bridging the gap between traditional finance and the world of stablecoins and digital assets.

At Digital Space Ventures we strongly believe that one of the key pillars for future growth of financial services industry is enabling consumers and businesses with easy and efficient access to crypto-currencies and digital assets. We view stablecoins and Web3 infrastructure as critical for future FSI success.

Today we are proud to announce an investment into Velocity—an exceptional new player in the field founded by payment industry veterans Tom Greenwood (Volt, IFX) and Eric Queathem (Worldpay, McKinsey & Company). Velocity enables enterprises to move and manage capital seamlessly across banks, blockchains, and borders.

Traditional financial systems were not designed for a multi-asset economy, limiting the seamless integration of digital assets into existing infrastructure. Velocity bridges this gap by providing a platform where businesses can manage fiat and stablecoin transactions in one place, eliminating the need for parallel systems or complex integrations.

Velocity’s Stablecoin Payment Account provides enterprises with a frictionless way to move and manage capital across banks, blockchains, and borders. Designed for seamless integration, the platform combines the speed and programmability of stablecoins, with the rigour and reliability of traditional finance—solving real-world challenges in cross-border settlement, liquidity management, and treasury operations.

At Digital Space Ventures, we see Velocity as a natural fit with our broader investment thesis. We believe the financial services landscape is undergoing a foundational transformation driven by three converging forces: programmable payments, decentralized financial infrastructure, and agentic AI. This “Convergence Vortex” is reshaping how capital is created, moved, governed, and optimized.

Velocity operates precisely at this intersection—replacing siloed, legacy infrastructure with programmable, AI-compatible rails that enable composable financial workflows across fiat and digital asset domains. Their platform is a crucial step toward the fluid, multi-rail future we envision—where capital isn’t just transferred, but intelligently orchestrated in real time.

As this convergence accelerates, we’re committed to backing the builders who design with composability, automation, and cross-border operability at their core. Velocity embodies this new era of infrastructure, and we’re proud to support them on their journey.