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
SpaceComputer secures $10 million in funding, co-led by Maven11 and Lattice
Analysis: The UK's New Budget Exempts Cryptocurrencies from New Taxes, but Regulation Tightens
RedStone: The scale of RWA will reach $60 billion by 2026