Securitize, a prominent platform that permits investors to access new private market substitutive assets, has recently announced a new partnership with Velo Labs. As per Securitize, Velo Labs is integrating the tokenized fund “BUIDL” of BlackRock into the USDV stablecoin thereof to improve unparalleled transfers as well as yield opportunities facilitating more than 1M consumers across Southeast Asia. The platform took to social media to announce this initiative.

Securitize Joins Forces with Velo Labs via Integration of BUIDL into USDV

In addition to the announcement from Securitize, Velo Labs also discussed this development in detail on its official X account. Moreover, it also published a blog post to offer details of this endeavor. It pointed out that it has invested in the USD Institutional Digital Liquidity Fund (BUIDL) of BlackRock. It added that Securitize is responsible for tokenizing the respective project.

Velo Labs disclosed that USDV works as the chief unit for value storage across the platform’s payment and trading apps. More than 1M vendors and users of Velo’s payment app Orbit across the Southeast Asian region utilize USDV. They reportedly carry out streamlined value storage and transactions without even having a bank account. In addition to this, they also enjoy off-ramps to regional currencies at their local banks along with money transactions across borders.

Velo Labs Facilitates More than 1M App Vendors and Users with USDV

The crypto, commodity, and FX traders of Velo are also lucky in this respect. Hence, the Velo Finance and Universe users can get yield on their funds. Moreover, they also get an opportunity to maximize their respective returns by using diverse staking programs and liquidity pools. In its exclusive blog post, Velo Finance stated that this endeavor takes place after the platform’s recent collaboration with the government of Laos.

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The partnership took into account the tokenization of the gold reserves of Laos. Velo is reportedly making rapid developments to turn into a prominent platform offering several products and services. They take into account blockchain-powered payments, offerings of RWA assets, trading, and blockchain-powered payments. Chatchaval Jiaravanon, the co-chairman of Velo Labs also commented on this development, saying the announcement denotes the platform’s commitment to offer the finest institutional assets to its consumers.