Velo Labs, a global pioneer in Web 3-based financial solutions, provides cutting-edge liquidity and settlement networks for secure and efficient value transfer. By partnering with industrial conglomerate PTL Holding, the company aims to leverage Velo’s digital financial prowess to enhance Web3 finance in Laos. This collaboration has been solidified through a Memorandum of Understanding

Establishment of a Digital Gold Trading and Settlement House: Velo, in partnership with Lightnet, has signed a Memorandum of Understanding with the Solana Foundation to establish a digital gold trading and settlement house in Laos. Solana will serve as the blockchain settlement layer, while Velo will serve as the infrastructure layer and designated clearing house for digital gold trading in Laos. This will ensure that transactions on the blockchain are processed efficiently and securely.

Interoperability and Connectivity: The MoU includes a bridging mechanism to enhance interoperability between the Solana blockchain and other chains, facilitating the connection and accessibility of digital assets between different networks. This initiative is consistent with the principle of interconnectivity in blockchain technology.

Expanding the Digital Gold User Base: This strategic initiative aims to expand the user base of digital gold by providing wider accessibility, particularly in Southeast Asia and globally. Leveraging Solana’s technological expertise, the collaboration will provide users with seamless integration of investment and financial opportunities in the evolving digital landscape.