Breaking News
Velo Labs’ Utility Token Now Available on Leading Global Digital Asset Provider, Huobi
Velo Labs, a leading blockchain infrastructure company focused on improving international remittances, has announced another successful listing of their utility token, $VELO, on the leading global digital asset financial service provider, Huobi.
Velo Labs is developing a blockchain-based global settlement network to allow for fast, secure and low cost cross-border payments to both individuals and businesses. As part of their mission to improve financial services, Velo Labs provides institutions with the ability to transfer value across borders more efficiently versus traditional mechanisms. The process involves issuing digital credits pegged to a local fiat currency, which are collateralized by the VELO token, ensuring a 1:1 value ratio between the digital credits and the underlying fiat currency is maintained.
It enables Velo Labs to provide an efficient way of transacting value using digital credits without the risk of volatility that is a concern with other digital asset protocols.
CMO of Velo Labs, Mark Fisher, on this listing, says, “Our utility token plays a critical role in the success of our global settlement network, and increasing the availability of the VELO token worldwide has always been a core focus for our team. We are excited to be partnering with Huobi for this listing, and looking forward to educating the Huobi community on the benefits of our project.”
People In This Post
- EXCLUSIVE: “Irish Eyes on London” – Enterprise Ireland in ‘The Paytech Magazine’ Read more
- AutoRek & Microsoft: Why Strategic Partnerships Matter in Finance Read more
- Cathay Pacific Expands Global Partnership with Adyen Read more
- MAS Partners Industry to Develop AI Risk Management Toolkit for the Financial Sector Read more
- Novidea Releases Updated Version of Its Insurance Management Platform with Significant Enhancements Across Policy Administration, Bordereaux, Claims and Accounting Read more

