CoinVoice has learned that, according to CoinDesk, stablecoin financial infrastructure provider VelaFi announced the completion of a $20 million Series B funding round, led by XVC and Ikuyo, with Planetree, BAI Capital, Alibaba Investment (a subsidiary of Alibaba), and others participating. To date, the company's total funding has reached $40 million.

VelaFi was founded in 2020, initially building payment infrastructure in Latin America. The business later expanded to the United States and Asia. Its platform connects local banking systems, cross-border payment networks, and mainstream stablecoin protocols, enabling enterprises to transfer funds across markets faster and at lower costs than traditional systems.