Velo Protocol, Lightnet, and OpenEden partner
12 September 2025 US
Image: Ai-Pixel/stock.adobe.com
Velo Protocol and Lightnet Group have unveiled the subsequent step of their joint venture relationship with OpenEden, a provider of tokenised US Treasury bills (TBILL).
The three business entities are progressing past foundational reserves to provide a full-suite Treasury-as-a-Service (TaaS) platform and a regional settlement network built to control stablecoin issuance, cross-border payments and financial services throughout Asia.
OpenEden’s TBILL, the initial tokenised US Treasury bill product granted an ‘A’ classification from Moody’s, and has an ‘AA+’ rating from S&P gives the liquid foundation for this latest infrastructure.
The solution was created to assist large-scale settlement activity and offers new outlooks for compliant digital finance.
The TaaS platform will enable businesses, DAOs and Web3 treasuries to access tokenised US Treasuries and was built in Q4 2024.
The service delivers a transparent and yield-bearing reserve solution that links traditional finance and blockchain.
The partnership will also concentrate on establishing a settlement network for financial institutions, fintechs, and enterprises across the ASEAN region.
The platform will facilitate; digital-fiat settlement infrastructure issued to function as settlement tokens; live cross-border payments and remittances for MTOs, merchants and institutional partners, with early rollout focusing on high-volume corridors; secure custodial and treasury solutions supplied via licensed providers upholding regulatory compliance and liquidity, FX conversion and hedging tools accessible through DeFi and conventional financial rails.
Supplied through a modular API stack, the system is created for seamless integration by banks, fintechs and merchant platforms, giving Web3-native efficiency to existing financial functions.
The three business entities are progressing past foundational reserves to provide a full-suite Treasury-as-a-Service (TaaS) platform and a regional settlement network built to control stablecoin issuance, cross-border payments and financial services throughout Asia.
OpenEden’s TBILL, the initial tokenised US Treasury bill product granted an ‘A’ classification from Moody’s, and has an ‘AA+’ rating from S&P gives the liquid foundation for this latest infrastructure.
The solution was created to assist large-scale settlement activity and offers new outlooks for compliant digital finance.
The TaaS platform will enable businesses, DAOs and Web3 treasuries to access tokenised US Treasuries and was built in Q4 2024.
The service delivers a transparent and yield-bearing reserve solution that links traditional finance and blockchain.
The partnership will also concentrate on establishing a settlement network for financial institutions, fintechs, and enterprises across the ASEAN region.
The platform will facilitate; digital-fiat settlement infrastructure issued to function as settlement tokens; live cross-border payments and remittances for MTOs, merchants and institutional partners, with early rollout focusing on high-volume corridors; secure custodial and treasury solutions supplied via licensed providers upholding regulatory compliance and liquidity, FX conversion and hedging tools accessible through DeFi and conventional financial rails.
Supplied through a modular API stack, the system is created for seamless integration by banks, fintechs and merchant platforms, giving Web3-native efficiency to existing financial functions.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
