Fintech Firm Lightnet Group Gets $50M From LDA Capital to Boost Velo Protocol’s Tech

Velo, a protocol developed by Lightnet partner Velo Labs, is focussed on cross-border payments service, specifically in the Asia Pacific region. The protocol lets licensed financial institutions create and exchange Velo digital assets pegged one-to-one with local currency with the native VELO token used to help maintain the peg, according to the website.