- VelaFi secures $20 million for global expansion efforts.
- Key funding led by XVC and Ikuyo.
- Expansion targets the US and Asia markets.
VelaFi Secures $20 Million for Global Expansion
VelaFi secured $20 million in Series B funding, led by XVC and Ikuyo, supporting their global expansion, particularly from Latin America into the United States and Asia.
The funding enhances VelaFi’s global settlement capabilities, fostering expansion and strengthening financial infrastructure across key regions, impacting enterprise-grade financial services and stablecoin integration.
VelaFi, a stablecoin-powered financial platform under Galactic Holdings, secured $20 million in Series B funding. Led by XVC and Ikuyo, the round involved Alibaba Investment, Planetree, and others. VelaFi aims to enhance its global payment infrastructure.
CEO Maggie Wu stated the funds will accelerate expansion into the US and Asia. Founded in 2020, VelaFi connects local banking and major stablecoin protocols, primarily operating in Latin America.
The funding boost is anticipated to impact enterprise clients, focusing on seamless cross-border payments. The use of stablecoins may evolve international trade dynamics and payment solutions across continents.
Planned expansion includes enhancements in licensing and connectivity, potentially reshaping financial services with on/off ramps and multi-currency operations, emphasizing regulatory-first approaches.
Despite the substantial investment, effects on global markets or associated cryptocurrencies remain speculative. Observers will watch for direct outcomes on stablecoin use in the financial sector.
While lacking direct on-chain data or asset impacts, the investment aligns with historical trends of tech-driven financial infrastructure evolution. Regulatory considerations and technological potential remain focal points for future developments.
