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Velo Labs Brings BlackRock's Tokenized Short-Term Treasury Fund to Southeast Asia

Newswire.ca - Press Release

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SINGAPORE, Sept. 11, 2024 /CNW/ -- Velo Labs, a global pioneer in Web3-based financial solutions, today announced that the assets that back Velo's USDV token, the stablecoin of the Velo ecosystem, are now comprised of an investment in BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize. USDV serves as the primary store of value and unit of transfer across Velo's suite of payment and trading applications.

Read more at newswire.ca

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