Velo Protocol Taps Lightnet and OpenEden to Roll Out Treasury-as-a-Service
The partnership between Velo Protocol, Lightnet, and OpenEden unveils a Treasury-as-a-Service (TaaS) forum and an ASEAN Settlement Network. Particularly, the Treasury-as-a-Service denotes a cutting-edge innovative project dealing with blockchain-led financial services. It provides Web3 treasuries, DAOs, and enterprises with direct reach to the tokenized U.S. Treasuries of OpenEden. The respective treasuries serve as the earliest tokenized real-world asset (RWA) product to which Moody’s has given “A” rating and S&P has provided “AA+” rating for security and credibility.
By delivering yield-bearing reserves via a transparent and compliant system, TaaS establishes a bridge connecting conventional finance with the decentralized ecosystems. It offers a unique standard for the management of on-chain treasuries, letting institutions optimize reserve apart from guaranteeing regulatory compliance. This shift builds trust in advanced tokenized assets and also offers greater liquidity management efficiency to organizations.
Additionally, the 2nd top priority of the collaboration is an ASEAN Settlement Network’s establishment. The ecosystem is devoted to deliver a compliant infrastructure for digital-fiat settlement. This network intends to redefine the execution of regional transfers by enterprises, fintechs, and financial institutions. Simultaneously, the infrastructure will back cross-border remittances and payments in real time.
Fortifying Users and Institutions with Unique Digital Asset Solutions
According to Velo Protocol, the partnership with Lightnet and OpenEden combines their expertise to provide a basis for compliant digital finance across Asia. Hence, by fortifying tokenized U.S. Treasuries as well as permitting transparent, secure, and faster cross-border settlements, the development makes Web3-native efficiency available in the mainstream financial sector. Overall, the joint initiative is set to empower users, merchants, and institutions with next-gen tools to boost adoption of digital assets parallel to adhering to regulatory requirements.
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Author: NixCoin