Velo Labs Receives Second Strategic Investment from UOB Venture Management
Velo Labs has secured a second strategic investment from UOB Venture Management (UOBVM), the private equity and venture capital subsidiary of UOB, for an undisclosed amount. UOB has a market capitalization of about S$54 billion (as of September 2024) and total assets under management of more than S$500 billion, and Velo Labs will provide Web3-based financial solutions and a settlement network to enable value transfer. (Cointelegraph)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Russian banking giant VTB plans to allow clients to trade bitcoin and other cryptocurrencies directly
Bitget has launched the USDT-margined BSU perpetual contract, with a leverage range of 1-20x.
Data: MON trading volume on Solana continues to rise, Byreal MON-USDT liquidity pool approaches 1,500%
Two suspects in the Vienna crypto wallet theft and murder case have been arrested
Trending news
MoreCrypto prices
More
