Recently, I noticed an interesting phenomenon: Velo Protocol has been very active in Singapore and Southeast Asia, seemingly building the payment and asset settlement infrastructure for Asia.

Singapore has been particularly hot in the Web3 finance and RWA (Real World Asset) sectors lately, and Velo's progress is indeed accelerating. They have recently secured several key partnerships, and their products are gradually being implemented.

First, let's talk about the collaboration with EVOLVE Chain. The two are jointly promoting the tokenization of electric vehicles and green energy assets. The demand for this in Southeast Asia is quite high. This is not just about technical integration; more so about exploring how traditional assets can connect to blockchain networks.

Even more interesting is their combination with Lightnet and OpenEden. Through joint ventures, they have launched the TaaS product and the ASEAN Settlement Network. Simply put, this integrates yield-generating US debt tokens with cross-border regional settlement, directly entering Southeast Asia's financial system. Such regional settlement networks are unprecedented in the public blockchain space to be so systematically developed.

On the product side, Orbit Plus, this super app, has entered testing. It integrates multi-chain wallets, RWA asset trading, loyalty systems, and PayFi, aiming to create a unified financial gateway. From a product design perspective, they are clearly exploring how to enable ordinary users to access Web3 finance seamlessly.

Another detail is the introduction of Nasdaq-listed UCAR's battery swapping RWA project. This indicates that Velo is not just engaging in conceptual hype but has real cases of traditional listed company assets being brought into Web3.

From a data perspective, Velo currently has over one million active users, with a total settlement volume reaching the billion-dollar level. Over the past year, they have been involved in pilot projects across multiple Southeast Asian countries, which is quite substantial. They seem to have a clear approach to developing Web3 financial infrastructure in the Asia-Pacific region.

Based on their statements, their core goal is to make the speed of capital flow approach the speed of thought. The infrastructure is already in place, and the network continues to expand. The subsequent developments are definitely worth following.