Velo Protocol, Lightnet and OpenEden form a joint venture to launch "Fund as a Service" and ASEAN settlement network

Velo Protocol, Lightnet Group and OpenEden collaborate to launch a "treasury-as-a-service" platform and regional settlement network in Asia, leveraging OpenEden Moody's "A"-class tokenized U.S. Treasury bills. The program aims to support compliant stablecoin issuance, cross-border payments and institutional financial services through a modular API-based infrastructure, and enable seamless integration of banks and fintech companies in ASEAN region.