A global settlement network based on blockchain and compliance-first principles, providing individuals and businesses with fast, secure, and low-cost cross-border payments — Velo
Velo Labs has received its second strategic investment from UOBVM, a subsidiary of United Overseas Bank (exact amount undisclosed).
As a financial giant with a market capitalization exceeding SGD 54 billion and total assets under management exceeding SGD 500 billion, United Overseas Bank will collaborate with Velo Labs to promote Web3-based financial solutions and settlement networks, facilitating global value transfer.
Velo began its partnership with Visa back in 2020, and Velo Labs, Lightnet, and Visa will co-develop payment solutions in Asia. The $VELO token will serve as a digital asset collateral for financial solutions.
Velo is a blockchain-driven financial infrastructure that connects traditional finance with Web3 applications, with key technological highlights including:
Stellar supports fast, low-cost transactions; Nova provides EVM-compatible smart contracts; Warp bridge supports cross-chain token transfers; Orbit integrates Web2 and Web3 rewards, empowering loyalty programs.
Velo partners with giants like Laos PTLH, Openeden, and Securitize to connect blockchain with real-world assets, aiming to become a leader in PayFi in Asia!
Cross-chain capabilities cover platforms such as BSC, TON, Solana, Stellar, etc., with core products: Universe, Warp, Orbit.
Expanding global financial opportunities, interoperability, and scalability! A promising future worth paying attention to!