ChainCatcher news, according to Cointelegraph, Velo Labs has received a second strategic investment from UOB Venture Management (UOBVM), a private equity and venture capital subsidiary of United Overseas Bank, with the specific amount not disclosed.It is reported that United Overseas Bank has a market capitalization of approximately SGD 54 billion (as of September 2024) and manages total assets exceeding SGD 500 billion. Velo Labs will provide Web3-based financial solutions and settlement networks for value transfer.

ChainCatcher news, the blockchain-based global settlement network Velo Labs has incorporated BlackRock's tokenized short-term Treasury fund BUIDL into USDV, providing seamless trading and yield opportunities for over 1 million users in Southeast Asia.

ChainCatcher news, Web3 financial ecosystem Velo Labs announced a strategic alliance with the blockchain platform Waves. This collaboration aims to promote cryptocurrency cross-border payments between Eastern Europe and Southeast Asia through Velo's QR code payment solution, Orbit.

ChainCatcher news, Web3 financial ecosystem Velo Labs has received a $10 million investment from DWF Labs. Velo Labs had previously provided guidance to developers and innovators at the "Hack-a-TONxDWFxAWS" hackathon event.Velo is a blockchain-based, compliance-first global settlement network that offers fast, secure, and low-cost cross-border payments for individuals and businesses.