Velo Protocol (VELO) is a DeFi ecosystem combining fintech to provide digital payment and credit solutions, particularly targeting the Asian market and developing countries.
The project creates a bridge between the traditional financial world and Blockchain, allowing for safe, transparent payment, remittance, and access to credit at low costs through a network of reputable partners.
MAIN CONTENT
Velo Protocol operates based on three foundational layers: Digital Credit Issuance, Digital Reserve System, and Federated Credit Exchange Network.
The ecosystem consists of 5 main products that support efficient cross-chain payments, transactions, and interactions.
The project is led by Lightnet Group with a reputable team and investors, focusing on development in the Asian market.
What is Velo Protocol (VELO)?
Velo Protocol is a DeFi platform integrating fintech that allows partners to issue digital credit with collateral, creating a cross-border payment system. This project focuses on merging traditional finance with blockchain, helping users access convenient and low-cost remittance, payment, and credit services in the Southeast Asian region.
According to CEO Mike Kennedy of Lightnet, Velo aims to build a digital financial bridge connecting users underserved by banks from developing countries, optimizing transparency and traceability of digital payments.
How does Velo Protocol operate?
The system operates based on three core layers: Digital Credit Issuance (DCI), Digital Reserve System (DRS), and Federated Credit Exchange Network (FCEN), coordinating to create a secure, high-speed digital credit and payment network.
DCI allows the issuance of digital credits such as vUSD, vPHP, and vTHB, backed by the VELO Token and collateral assets. DRS manages these assets to ensure convertibility and liquidity. FCEN operates the trading network between partners and end users via web3 or mobile apps.
The main network uses Stellar Network – known for its fast speed and low transaction fees, while also extending through Evrynet/Nova Chain to support complex smart contracts and EVM compatibility.
Features and products in the Velo Protocol ecosystem
Velo builds a multi-layer Web3+ ecosystem, consisting of five core products that support payments, cross-chain transactions, and easy integration. These products help accelerate transactions, expand financial features, and enhance user experience in the Asian market.
QUANTUM – High-speed money transfer network
Quantum is a lightning-speed money transfer network, the center of VELO's cross-border payment system, where reputable partners issue and exchange digital credit quickly and at low costs.
Quantum connects traditional finance and Web3, increasing financial accessibility for users in developing markets like Vietnam, Thailand, and the Philippines.
UNIVERSE – Multi-chain Super DEX exchange
Universe is a DEX that integrates order book and multi-chain swap, supporting the trading of digital assets with features similar to centralized exchanges (CEX). This platform optimizes liquidity, facilitating efficient trading of stablecoins, coins, and Tokens for both individuals and businesses.
Universe also directly connects parties in trade and cross-border remittance transactions, creating a comprehensive digital trade transaction bridge.
NOVA CHAIN – Multi-functional blockchain, low cost
Nova Chain is VELO's own EVM-compatible blockchain, supporting smart contracts at low costs, creating an ideal environment for DeFi applications, staking, lending, and financial integration on Web3.
Nova Chain supports expanding the ecosystem by easily integrating with major chains like Ethereum, BNB Chain, and Stellar.
ORBIT – The super convenient mobile application
Orbit is an e-wallet application that integrates QR code payments and digital asset transfers, designed to be user-friendly, similar to a typical Web2 e-wallet.
The application has been successfully implemented in Vietnam, Thailand, and the Philippines with millions of users and supports tens of thousands of payment merchants.
WARP – Cross-chain bridge
Warp is a multi-chain bridge that facilitates smooth and secure asset transfer between blockchains like Ethereum, BNB Smart Chain, Stellar, and Evrynet.
Warp collaborates with Centroid Finance's Smart Routing technology to optimize trade orders and Uppsala's AML Compliance to ensure compliance with financial laws, increasing reliability and safety for transactions.
Velo Protocol is not just a DeFi project but also revolutionary in connecting traditional finance with blockchain technology, facilitating easier access to financial services in the Asian region.
Mike Kennedy – CEO Lightnet, 2025
Key features of the project
Velo possesses four key features that create strong competitive advantages in the digital financial market.
Trustless: The decentralized system does not require trust, eliminating traditional intermediaries through smart contracts, reducing costs and speeding up transactions.
Formless: Asset values can be fragmented and traded in small amounts, from cash, gold, stocks to Tokens, providing high flexibility for investors.
Limitless: Allows unlimited currency conversion and financial innovation, seamlessly integrating with financial networks and complying with legal regulations.
Borderless: Breaks down geographical and financial boundaries, expanding access to global remittance, investment, and borrowing services, including for the unbanked.
Overview of Token and Tokenomics
The VELO token is the primary digital asset of the ecosystem, issued on Stellar, BNB Chain, and Ethereum with a total supply of nearly 24 billion VELO. This token is allocated to various development groups, partners, communities, and investors for multiple purposes within the ecosystem.
Team Allocation Total Ratio (%) Unlocked (%) Locked (%) Development Reserve 23.3% 18.7% 4.67% Community Development 18.3% 14.3% 0% Strategic Partners 18.3% 14.3% 0% Reserve 16.7% 0% 0% Founders 10% 8% 2% Early Backers & Advisors 7.9% 7.9% 0% Others ~4.88% ? ?
The VELO token is used for:
Collateral for issuing digital credit.
Pay transaction fees, act as a bridge, and provide swap services within the ecosystem.
Rewards for network participants and strategic partners.
Development team, investors, and partners
Development Team
Velo Protocol develops under the patronage of Lightnet Group, a Singapore fintech company, with CEO Mike Kennedy – a former co-founder of the renowned Interstellar linked to the Stellar Development Foundation.
Travis Callahan, Product Director, is responsible for designing major product architectures such as Quantum, Orbit, Universe, promoting Web3+ adoption in the ecosystem.
A team of experienced engineers from fintech, blockchain security, and Web3, who have worked at top companies in Asia and Silicon Valley, ensures the development of advanced, highly secure technology.
Investors
The project has received investment from many large organizations in the region, including Lightnet Group, which is linked with CP Group – the leading multinational corporation in Thailand, as the main strategic partner.
On September 18, 2024, UOB Venture Management (UOB Singapore bank) also participated in the investment round. On November 10, 2023, DWF Labs announced a 10 million USD investment in Velo through an undisclosed funding round.
VELO held an IEO on KuCoin Spotlight in September 2020, raising 2 million USD at a price of 0.05 USD/Token, strengthening the financial backing for project development.
We aim to make Velo the leading digital financial bridge, helping millions of users in Asia access financial services faster and easier.
Travis Callahan – CPO Velo Protocol, 2025
Partners
The Velo ecosystem connects many strategic partners in the fields of Fintech, DeFi, Compliance, and Travel – Lifestyle, expanding applications and widespread connections:
Partner Team Role Payments & Wallets Orbit App Mobile crypto wallet application, QR code payments DeFi & Bridge Centroid Finance Smart routing solution optimizing liquidity Compliance Uppsala Security Anti-money laundering (AML) and transaction tracing tool Travel & Lifestyle Travala, Galileo Cryptocurrency payments in the travel industry Banking & Custody SEBA Bank, Binance Custody Digital asset custody, banking connections Blockchain Infrastructure Evrynet, Stellar, BNB Smart Chain, Ethereum Multi-chain infrastructure, supporting bridges and Web3
Conclusion
Velo Protocol is not merely a DeFi project but a comprehensive digital payment and credit ecosystem, with a strategy focusing on the Asian market—where users are underserved and there is a high demand for efficient financial services.
With advanced technology infrastructure, an experienced team, and support from top investors, VELO has the potential to become a leading Blockchain payment platform in the region.
Note: This article is for reference only and is not investment advice.
Frequently Asked Questions
How does Velo Protocol issue digital credit? Velo allows partners to issue digital credit, secured by the VELO Token and collateral through the Digital Credit Issuance system. What is the VELO token used for in the ecosystem? The VELO token is used as collateral, for transaction fees, as a bridge, and as rewards for participants in the network. Who are the key partners of Velo Protocol? Velo collaborates with Lightnet Group, Centroid Finance, Uppsala Security, Travala, SEBA Bank, Binance Custody, and major blockchains like Stellar. What are the standout core products of Velo? The ecosystem includes Quantum (high-speed money transfer network), Universe (multi-chain DEX), Nova Chain, Orbit app, and Warp cross-chain bridge. Does Velo Protocol focus on any market? The project mainly targets the Southeast Asian market and developing countries that are not fully financially served.
Source: https://tintucbitcoin.com/velo-protocol-velo-la-gi/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
