Joint Venture Between Velo Protocol, Lightnet, and OpenEden to Revolutionize Treasury-as-a-Service in ASEAN

Introduction

On September 12, 2025, Velo Protocol and Lightnet Group announced a significant advancement in their collaborative efforts with OpenEden, a renowned provider of tokenized U.S. Treasury Bills. This partnership marks a progressive step towards launching a comprehensive Treasury-as-a-Service (TaaS) platform and a robust regional settlement network tailored for the ASEAN region. The focus of this endeavor is to empower compliant stablecoin issuance and enhance cross-border payment solutions, thereby revolutionizing financial services across Asia.

Treasury-as-a-Service (TaaS)

The TaaS platform, set to launch in Q4 2024, will enable enterprises, decentralized autonomous organizations (DAOs), and Web3 treasuries to gain direct access to tokenized U.S. Treasuries. This innovative service aims to establish a new benchmark for on-chain treasury management, ensuring compliance, transparency, and a yield-bearing reserve solution that effectively bridges traditional finance with blockchain technology. The introduction of this service not only leverages the stability associated with U.S. Treasuries but also aligns with the growing need for digital finance solutions that meet regulatory standards.

Building Infrastructure for ASEAN

In addition to TaaS, the joint venture emphasizes the creation of a comprehensive settlement infrastructure for financial institutions, fintech companies, and enterprises within the ASEAN region. The platform aims to offer multiple functionalities:
1. Digital-Fiat Settlement Infrastructure: This will provide settlement tokens issued in compliance with regulatory frameworks, facilitating secure transactions.
2. Real-time Cross-border Payments: The network will enable swift and efficient cross-border payments and remittances, initially focusing on high-volume transaction corridors.
3. Secure Custodial and Treasury Solutions: Delivered through licensed providers, ensuring adherence to compliance mandates, providing peace of mind to all stakeholders.
4. Liquidity and FX Conversion Tools: Access to liquidity, foreign exchange conversion, and hedging tools will be available via both decentralized finance (DeFi) and traditional financial avenues.

This infrastructure will be delivered through a modular API stack, designed to ensure seamless integration for banks, fintech firms, and merchant platforms, thus enhancing the financial operations of these entities.

About the Firms Involved

Velo Protocol

Velo Protocol stands at the forefront of Web3 financial solutions, offering innovative liquidity and settlement networks that unify traditional financial systems with blockchain technologies. Through its affiliation with the Stellar Network, Velo delivers secure, scalable, and efficient services, fostering global accessibility to stable yield-bearing digital assets. The organization also focuses on developing the Real World Restaking (RWR) framework, contributing significantly to the growth of the PayFi ecosystem.

Lightnet

Lightnet Group, based in Singapore, is a fintech leader focused on reducing the gap between conventional finance and the digital economy. Utilizing state-of-the-art blockchain infrastructure, Lightnet offers timely and economical cross-border settlement solutions to a range of clients including financial institutions and businesses throughout Asia. With backing from top investors, Lightnet aims to create reliable and compliant payment systems that promote access to financial services for underrepresented communities.

OpenEden

OpenEden is recognized for its real-world asset (RWA) tokenization platform, prioritizing regulatory compliance and advanced financial technology. Founded in 2022, OpenEden facilitates safe, transparent access to tokenized RWAs while bridging the gap between traditional and decentralized financial systems. Their unwavering commitment to compliance and innovation positions them as a leader in the emerging financial landscape.

Conclusion

The joint venture between Velo Protocol, Lightnet, and OpenEden is set to transform the financial ecosystem in the ASEAN region, providing powerful tools and services that promote efficient, compliant, and innovative financial practices. By harnessing the capabilities of tokenized U.S. Treasuries and strategically focusing on settlement infrastructures, the trio aims to light the path for future financial innovations in Asia’s evolving digital economy.