A significant funding milestone hit the market recently. Velafi Global, a startup building enterprise-focused stablecoin infrastructure, just closed a $20 million Series funding round backed by heavyweight investors including Alibaba Group. The project is attracting considerable momentum in the institutional crypto space, particularly for its approach to bridging traditional finance and blockchain through stablecoin rails designed for enterprise adoption. This type of capital deployment signals growing institutional appetite for robust stablecoin infrastructure that can support cross-border payments and settlement at scale. The backing from major tech conglomerates like Alibaba suggests confidence in the business model and real-world application potential within the enterprise ecosystem.