Company and Product

Velo Labs is building a global, decentralized, and interoperable network to allow partners - businesses and individuals alike - to securely and instantly transfer value across the globe.
We are developing the solutions powering an easy-to-use, compliant, and interoperable network for businesses to move value globally.
The Velo protocol is one of these solutions. It allows licensed financial institutions to create and exchange digital assets pegged 1:1 to any local currency, backed by Velo tokens. Businesses leveraging digital credits can therefore move value freely and efficiently, cross-chain and cross-border, in and out of any currency.
As such, Velo Labs is not disintermediating banks and money transmitters. Instead, we are empowering them with “post-internet” technologies to replace today’s outdated and fragmented international payments’ infrastructure.
Velo Labs is the most efficient network bridging traditional and decentralized finance at scale.

Today it is expensive and slow to move money around the world, particularly in developing countries where domestic currencies are deemed “exotic” because of their typical lack of liquidity on foreign exchange markets. As a result, migrant workers pay up to 10% to send money to their home countries.
Velo Labs is designed to solve this challenge by leveraging the transformational power of blockchain and modern technologies that are under-utilized by the institutions in charge of moving money globally.
That is why improving international payments is our first and priority use case. A $2 trillion industry that is fragmented and inefficient.
It is worth noting that, while we have prioritized international payments as a first use case, Velo technology (e.g. Velo protocol, Velo Federated Credit Exchange) has the potential to improve upon a wide variety of use cases (eg lending, trading, fungible and non-fungible asset tokenization, etc.).

Financial institutions are accelerating the digitization of their operations, and yet the payments infrastructure on which they operate remains dated. In the meantime millions of businesses and billions of lives rely on money transfers across countries. Velo Labs has developed the most compelling model to move international payments into a “post-internet” era.

The vast majority of licensed financial institutions supporting the international payments industry are using a pre-internet model and technologies relying on Correspondent banks and messaging technologies like Swift. This system is old and inefficient.
Other companies have also tried to modernize this pre-internet infrastructure. However, their model, unlike Velo Labs who has price-stable Digital Credits, relies on price volatile bridge currencies, creating major risks for potential institutions adopting these models. As a result, these alternatives models have not seen significant adoption; adoption that we expect given the interest expressed by businesses, our leading technology, and the optimized model we have developed.

Scale: Unlike many blockchain-based projects, Velo Labs has the ability to get to scale and solve the last mile problem thanks to the support and adoption of our technology by large, reputable partners, particularly in Southeast Asia (eg. CP Group, Seven Bank, Hanwha, United Overseas Bank, Uni President). These partners allow our network to connect millions of end-users and businesses who can send and receive money internationally.
Efficiency: Velo Labs’ technology enables to reduce costs and increase speed of how money is moving around the world for everyone. Our team is developing one of the most advanced technologies, bridging centralized finance (CeFi) and decentralized finance (DeFi) in a unique way, to replace the “pre-internet” technologies currently used for international payments.
Compliance: Velo Labs is also positioned to be the most trustworthy and regulatory-friendly end-to-end network, supporting asset issuance and management. This is key for the long-term success of our business partners. Uniquely, our technology allows our partners to use in a compliant fashion Decentralized Exchanges, as well as centralized exchanges. We also continuously engage with local and international regulators to ensure that our solutions match the best standards.

Velo Labs Product and Technology roadmap will focus on:

Building an “Anchor” technology - interoperable with other networks like the Stellar network - to make it simple and safe for licensed financial institutions (eg banks, MTOs, fintechs) to:

  • access price-stable Velo digital credits;
  • manage digital credits in a safe and compliant way;
  • exchange digital credits against other tokenized assets;
  • send digital credits to authorized counterparties anywhere in the world;
  • convert digital credits from and to their local currency, or any currency in the world;
  • Integrate with other licensed entities supporting similar on-and-off ramping services (eg the Stellar network “anchors”).
As a result, businesses can seamlessly manage and move value around the world.

Improving our Federated Credit Exchange to enable Liquidity aggregation from Decentralized Exchanges (DEX) and Liquidity pools, based on automated market makers (AMM). We are also exploring adding other sources of liquidity. Liquidity aggregation is a key feature to provide the best rates to our partners, irrespective of the currency pairs, as well as open up many use cases for the future.

Building tools and processes to uniquely support the compliant use of Digital Credits and Velo Tokens over decentralized exchanges in a regulatory friendly way.

Note: Velo Labs enables any businesses to create and exchange digital assets pegged 1:1 to any local currency, backed by Velo tokens, to move value globally. The Velo Tokens are used as super-guarantees and are Velo Labs’ utility tokens.

Continuing to develop the interoperability and performance of our blockchain infrastructure by bridging the most popular blockchains with the Velo Protocol and the Warp protocol which allow cross-chain transfer of assets.

Note: the Velo Protocol is a financial protocol and value transfer engine that consists of two components: a Digital Credit Issuance Mechanism and the Digital Reserve System. It ensures that these digital credits are always collateralized by the right amount of VELO tokens to maintain a 1:1 digital credit to fiat currency value ratio. It therefore enables multiple business use cases that are all based on its core function: issuing collateral backed digital credits that can be used for frictionless value transfer.


Velo Tokens is Velo Labs utility token. It is a technical requirement for licensed financial institutions to use the Velo protocol, and to create and manage price-stable Digital Credits and their related collaterals.

In practice, business partners need to acquire Velo Tokens to mint Digital Credits, using Velo Tokens as universal collaterals to Digital Credits. Velo Tokens offer a “super-guarantee”, an insurance on top of any fiat collateral, managed by smart-contracts and not relying on any central authority. This creates a major improvement in the collateralization of price-stable assets like digital credits.

From a business standpoint, Velo Tokens can also reduce the operational costs of the Digital Credit issuers, by freeing up some of their fiat collaterals for more productive use. As such, Velo Tokens contribute to financial inclusion by decreasing our trusted partners’ service costs.

Technology and Team

Velo Labs allows businesses to tokenize any asset of value in a safe, efficient, and compliant way. These regulatory-friendly tokenized assets can be used by businesses to implement many use cases, including cross-border payments. This is a core advantage over many DeFi technologies.

Similarly for retail consumers, Velo Labs technology gives them access to a wide range of price-stable tokens, and cost-effective ways of storing value, or sending and receiving money.

In the future, a wide range of applications in the financial services (e.g. lending, digital payments, loyalty points, NFTs) can be developed on this technological foundation.

The transformative power of blockchain relies on its ability to create trust without relying on a central authority (i.e. in a trustless environment).

In the context of cross-border payments, blockchain enables the exchange of immutable, asynchronous, and cryptographically-secured information across multiple ledgers to guarantee settlements (ie. that money can move from one counterparty to another near instantly, without being corrupted).

One of Velo Labs core differentiating features is how we use, and give access to our business partners to, blockchain-based financial services in a compliant way.

Velo Labs has developed a suite of enterprise-grade solutions for businesses to issue, mint, redeem, trade, and send price-stable digital credits.

    This includes a growing list of products:

  • Our “Anchor” technology to enable businesses to act as a bridge between traditional finance and decentralized finance;
  • The Velo Protocol, to collateralize and manage price-stable digital credits allowing to store and exchange value globally;
  • The Warp Protocol, to enable the transfer of digital assets across the most popular blockchains;
  • The Federated Credit Exchange to combine liquidity sources from multiple sources (eg liquidity pools, decentralized exchanges) to get the best exchange rates;
  • Velo Tokens, which are Velo Labs utility tokens to guarantee the security and health of our network, and act as collaterals for tokenized assets;

Velo Labs is run by Mike Kennedy (Chief Executive Officer) and James Wu (Chief Technology Officer).

Mike Kennedy is the former CEO of Interstellar. He is also the co-founder and former CEO of the Zelle Network, the largest person-to-person payments network in the US, processing over $300 billion worth of transactions in 2020 alone. Before that, he was the President of OFX North America, Head of Payments at Wells Fargo, and worked for McKinsey and Company.

James Wu, is the former CTO of Interstellar. He was a senior engineering manager at LinkedIn and senior manager consultant at Ernst & Young. He was also a senior implementation architect at Guidewire and software engineer at Epicentric.

Chatchaval Jiaravanon, senior member of the CP Group, and Tridbodi Arunanondchai, CEO of Lightnet Group, are respectivley Velo Labs’ Chairman and Vice-Chairman.

As of today, most team members are based in the US (in San Francisco), in Thailand (in Bangkok), and in China (in Beijing). Our team is growing rapidly; come join us!

Velo Labs strategic partners are primarily large, reputable financial institutions, as well as technological partners.

This list includes: Seba bank, Visa, Charoen Pokphand Group, Hanwha Investment and Securities, United Overseas Bank, Seven Bank, Asian Digital Bank, Uni President, Lightnet Group, Tempo Money transfer, KogoPay, Bitazza, JST Capital, Stellar Development Foundation, Chainlink, Kyber Network, FinClusive, etc.

Velo Labs has a very healthy and growing list of business partners who have signed up to use, and are currently testing, Velo Labs’ technology.

Velo Labs technology will also integrate with the Lightnet Group network who counts over 50 partners, primarily banks and money transmitters.

  • Velo Labs teams with Visa and Lightnet Group
  • Lightnet Group, Velo Labs, and Asia Digital Bank
  • History comes early! Velo Labs FCX completes 1st live transaction

  • Velo telegram: https://t.me/veloprotocol
  • Medium: https://medium.com/VeloProtocol
  • Twitter: https://twitter.com/veloprotocol