RWA is the most promising track in this cycle. Many giants are involved, including BlackRock, PayPal, JP Morgan, Franklin Templeton, etc. As an Asian giant, supported by Stellar Network and CP Group (one of the world's largest business groups), it cooperates with institutions such as#VISAand#Blackrockto provide digital financial solutions for the Lao government to realize global cross-border payments and RWA implementation. The potential of VELO (@veloprotocol) deserves special attention!
RWA has a potential of up to 10 trillion US dollars, but there are many pain points:
1. As the primary foundation of RWA, a compliant global cross-border settlement network has always been a difficult problem. How to efficiently exchange, settle and trade legal currency and digital assets is a prerequisite.
2. At the implementation level, RWA is currently mostly based on U.S. bonds, and the selection is too limited.
3. RWA compliance, projects that are fully recognized and supported at the government level are very scarce.
VELO is designed to address the above pain points.
#VELO(@veloprotocol) is a federal credit exchange network built by Velo Labs, supported by Stellar Network and CP Group. Its core is to use blockchain technology to improve and simplify innovation in cross-border payments and RWA under a compliant and regulated framework. The goal is to achieve secure and efficient value transfer by connecting traditional finance + CeFi + DeFi industries, enhance global financial connectivity and expand global accessibility.
Core technologies:
1. Federal Credit Exchange (FCX): It is a unique distributed network that connects a range of traditional, centralized and decentralized financial partners. FCX combines the efficiency of DeFi with the mature practices and standards of CeFi and traditional systems. It enables the liquid exchange of digital credits pegged to any fiat currency while guaranteeing the last mile settlement using $VELO tokens.
2. #VELO's KYB/KYC anonymous interoperability chain can realize optional privacy-based real-name authentication, ensuring the anonymity of transactions while meeting compliance and regulatory requirements.
3. Nova Chain, an EVM-compatible blockchain, can obtain NOVA tokens for wallets through faucets and obtain free GAS fees. It can be seamlessly integrated, allowing developers to leverage the power of VELO to connect TradFi with DeFi. Currently, partners include SEBA Bank, ADB Bank, iRemit, VISA, etc.
4. Digital credit issuance and transfer mechanism. Allows the issuance and exchange of digital credits on the#VELOblockchain network to enable seamless asset transfers and payments between participants.
Core features:
1. Orbit, a technology developed by Velo Labs, provides merchants and consumers with a seamless crypto transaction experience, offering a versatile and secure payment solution comparable to the convenience of Visa and Mastercard, currently adopted by more than 100,000 merchants.
2. Cross-border payments: By eliminating intermediaries and shortening payment times,#VELOcan significantly improve the efficiency and reduce costs of cross-border payments.
3. Supply Chain Finance:#VELOcan achieve fast, transparent and secure payment and credit transfer in the supply chain, improving the efficiency of supply chain financial services.
4. Financial inclusion: By lowering the threshold and cost of financial services, Velo Protocol enables more people to enjoy financial services, especially in underdeveloped areas.
Recently#VELOhas been making a lot of moves and has started a Southeast Asian stablecoin cooperation with BlackRock
BlackRock Group has partnered with the Velo Labs platform to include its $500 million tokenized Treasury bond fund (BUIDL) into the USDV reserve asset pool through Securitize.
Benefit from#VELObeing the preferred stablecoin for over 1 million users and merchants in Southeast Asia's Velo Orbit payment app. Velo Labs and BlackRock have joined forces to open up the preferred position in Southeast Asia, which is of great significance and fully demonstrates the strong background and strength of Velo Labs!
As the leader in the#RWAtrack, #ONDO, which is also favored by BlackRock, can be used as a reference. Its growth space is obvious at a glance!
#GOOD
MC market value: $905 million
FDV market value: $6.2 billion
TVL: $380 million
#VEIL
MC market value: $130 million
FDV market value: $420 million
TVL: 2568
From a historical perspective,#ONDOinitially partnered with Securitize and integrated Blackrockâs products in March and May, respectively. Since then, its stablecoin assets have grown from $20 million to a peak of approximately $400 million. The collaboration between#VELOand #Blackrock, combined with the huge demand in Southeast Asia, has room for growth!
Beyond that,#VELOand the#SolanaFoundation are redefining digital finance for Laosâ 7.7 million people
Recently, VELO has partnered with global payment solution provider Lightnet and the Solana Foundation to build a state-of-the-art clearing house for digital gold trading in Laos!
By bridging the interoperability between Solana, Nova, and EVM-compatible chains, secure and efficient asset transfers, liquidity provision, and Web3 financial innovation can be achieved. In the future, VELO and Solana are expected to lead a new era of financial innovation together.
As#RWAbecomes more and more popular, gold tokenization has become the second most valuable asset after US debt. Velo Labs, together with SOL, PTL Holdings Co., Ltd. (a leading company in the Laotian industrial sector), and the local government of Laos, jointly established the PLG project (Digital Gold Clearing House) to solve investors' demand for gold tokenization.
PLG Gold is a digital asset, each token represents one ounce of London deliverable gold bar, safely stored in professional vaults. Owning PLG Gold is equivalent to owning physical gold, which is held by a protected and audited company, and the value of PLG Gold is also linked to the real-time market price of gold.
PLG Gold is a token built on Nova Chain, ETH, BSC Chain and SOL Chain. It is compatible with wallets and platforms that support these blockchain networks, allowing settlement and trading of assets around the clock.
Strong partner support to achieve fiat currency deposits and withdrawals and physical delivery of gold
âąPacific Bullion Import-Export: Pacific Bullion Import-Export is a subsidiary of PTL Holdings and one of the largest business groups in Laos. It has been rooted in Laos for 25 years and has deep cooperation with the government. As the physical gold reserve that supports the PLG token, its integrity and authenticity are ensured. It plays a vital role in gold storage and regular audit reports.
âąLightnet: Lightnet is a fintech company that provides innovative payment solutions that aims to transform international remittances. It provides global payment solutions and currently supports 50 currencies in 120 regions worldwide. #VELOâs partnership with Lightnet facilitates the redemption of digital assets back to fiat currencies, enhances liquidity and transparency, and improves the efficiency of the redemption process.
Advantages of gold tokenization PLG:
1.PLG tokens can be traded in the secondary market, have high liquidity, and are divisible, avoiding the capital volume requirements of gold investment.
2. Physical delivery is possible, and physical gold bars can be delivered at the exchange window of the offline vault to ensure transparency and authenticity.
3. Safe and transparent, regularly audited by independent auditors to enhance the trust and confidence of token holders.
4.PLG tokens are programmable, allowing the development of innovative use cases in investment strategies and financial products.
5. Achieve 24/7 accessibility, ensuring investors can buy, sell or trade their tokens at any time, providing unparalleled convenience compared to the traditional gold market.
The above-mentioned Laos Gold Clearing House is just the first step for#VELOto promote Web3 financial cooperation in Southeast Asia. Currently, the VELO Web3+ ecosystem (including subsidiaries) has officially reached a strategic cooperation with PTL Holding Co. Ltd and signed a memorandum of understanding (MOU) with the Lao government to promote digital financial transformation in Laos.
Velo Labs, Lightnet Group, and Visa Collaborate to Advance Payment Solutions in Southeast Asia
Velo Labs is working with Lightnet Group and Visa to jointly develop payment solutions in Southeast Asia, providing convenient online digital payment solutions for small and medium-sized enterprises in Southeast Asia, and providing corresponding loan services, similar to Alipay. Currently, there are $5.2 trillion in unmet loans for small and medium-sized enterprises worldwide each year, of which more than half of the financing gap exists in the Asia-Pacific region, and the market potential is huge.
VELO has a strong background and is backed by the CP Group, which has a century-old history and is the largest business group in Thailand.
Founded by the Chia brothers in 1921, CP Group is headquartered in Bangkok, Thailand. It is currently the largest business group in Thailand, with businesses in retail, telecommunications, real estate, and finance in more than 20 countries and regions, more than 400 subsidiaries, and nearly 200,000 employees. The brands and businesses covered are as follows:
From the early news, we can see that CP Group has clearly positioned#VELOas a blockchain cross-border financial service. In March 2021, it announced the acquisition of Interstellar, a well-known US cross-border payment protocol, to jointly establish an operating service entity. It is dedicated to creating more payment channels and business opportunities for the Velo and Stellar communities in Asia. It can be seen that CP Group has given#VELOits support and high hopes.
Strategic Partners
#VELO partners include Cactus Custody (digital asset custodian), Copper, Inception, KogoPay, Lightnet, SEBA Bank, Stellar Development Foundation, VISA, etc.
Powering #VELO's cross-border payments and#RWAstrategy.
team
The#VELOteam is comprised of industry veterans including serial entrepreneurs, investor bankers, technology development managers, and software engineers.
The advisory team is amazing:
Jed McCaleb, cryptocurrency billionaire, founder of Ripple, co-founder of the Stellar Development Foundation, and one of the developers of XRP and XLM.
Prof. David MaziĂšres is a professor of computer science at Stanford and chief scientist and co-founder of Stellar.
Prof. Robert Townsend is a professor of economics at MIT, Carnegie Mellon University, and the University of Chicago.
Summary: #VELO's vision is to become a pioneer in global Web3 financial solutions, integrating the best resources through strong partners and financial institutions to achieve secure and efficient value transfer. Connect and bridge the gap between traditional banking infrastructure and Web3, leading the large-scale adoption of blockchain. By establishing a gold clearing house with Laos and a complete cross-border payment network, innovation in the RWA field is achieved, and the future potential is worth looking forward to.
