OUR MISSION

Velo’s core mission is to build a decentralized settlement network that allows its Trusted Partners to securely transfer value among one another in a timely and transparent manner. Velo’s initial focus would be on business partners in the remittance and money transfer spaces in Southeast Asia followed by the wider Asia Pacific region and beyond.

Digital Credit Issuance

Velo opens new opportunities for businesses that are seeking innovative ways to serve the unbanked and underbanked populations across the global.

Digital Reserve System

The Digital Reserve System is an algorithmic rule set implemented by smart contracts that manage various aspects of the Velo Protocol. Its goal is to foster secure digital credit settlement by managing the pools of VELO token collateral backing the digital credits through a rebalancing mechanism.

Velo Ecosystem

The Velo Protocol is a value transfer engine that will initially consist of two components: a Digital Credit Issuance Mechanism and the Digital Reserve System. Together, these components will allow Trusted Partners to tap into the reach, operational efficiency and transparency of the Velo Protocol and its underlying distributed ledger technology. The Velo Protocol will enable multiple business use cases that are all based on its core function: that of issuing collateral backed digital credits that can be used for frictionless value transfer.

Cross-border Remittance

The Velo Protocol allows agents of Trusted Partners to connect directly and digitally to one another instead of going through the multiple settlement layers of the tradional financial system, thereby saving costs, improving transparency and speeding up the entire process.

Lending

Through Velo, lending has a chance to be transformed, streamlined, digitized,made cheaper and more efficient by bypassing the traditional banking infrastructure.

Digital Credits

The Velo Protocol can issue bespoke digital credits to suit the needs of any business without burdening corporate users with having to create and manage their own digital credits.

Payments

The Velo Ecosystem has the potential to link the different markets in Southeast Asia into one widespread payment gateway with digital and physical payment points.

Loyalty Points

Velo seeks to improve the fungibility of loyalty and gift points issued by Trusted Partners by enabling secondary market for points and digital credits that are issued by the Velo Protocol.

When it comes to solving the problem of the limited adoption of blockchain technology in the current landscape of financial services, Velo proposes a next generation financial protocol to aide in the issuance of collateral backed digital credits for real world use cases.

Recent Updates - Week of 2020/11/23

See the latest technology, product, and commercial developments of the Velo project.

Advisors

Meet Our Team

    Chatchaval is a serial investor, executive and entrepreneur. He is a member of the board of directors at True Corporation, Thailand's leading Telecom Group. Chatchaval is a family member of the CP Group, the largest conglomerate in Thailand, and also holds top executive positions in major public and private corporations. Chatchaval has founded many successful financial services including Aeon Thana Sinsap, one of Thailand's largest Consumer Finance companies and Finansia Syrus, a leading Securities House. He is also the current owner of US based Fortune Magazine.

    Tridbodi is a serial tech entrepreneur and investor. Tridbodi is the Vice Chairman and Group CEO of Lightnet, a revolutionary settlement and clearing network. Also, Tridbodi is a Co-Founder of Money Table Public Company Limited, a leading payroll on-demand start-up. He is a Venture Partner at an Indonesia-based Kejora Venture and was an ex-committee member of Thailand Internet Sharing Policy under the Ministry of Digital Economy. Tridbodi holds a MS in Management Science & Engineering and an MBA from Stanford University.

Tridbodi Arunanondchai

Vice Chairman

    Suvicha is an experienced digital and innovation executive focusing on Agile product development and enterprise architecture in financial services industry. Previously, he was the Head of Innovation at Krungthai Bank and Managing Director at Digital Ventures, a subsidiary of Siam Commercial Bank.

Suvicha Sudchai

Chief Product Officer

    Ilya is a seasoned financier. He was the Director in Structured Finance at VTB Capital and Advisor to the Board of Directors of Russian Direct Investment Fund (RDIF). He also was Executive Director at Goldman Sachs in areas of Emerging Markets Structuring and Trading Desk. He holds an MBA from the MIT Sloan School of Management.

Ilya Zusman

Digital Finance Director