Velo is a blockchain-based financial protocol that allows businesses to issue digital credit and transfer assets across borders using smart contracts. The company is based in the British Virgin Islands and aims to create a decentralized settlement network for its Trusted Partners to transfer value in a secure and transparent manner. Velo's primary focus is on partners in the remittance and money transfer industries in Southeast Asia, with plans to expand to the wider Asia Pacific region and beyond. The VELO token is a utility token that facilitates value transfer on the Velo network and serves as both collateral and an entrance requirement to the Velo ecosystem.
