Velo Protocol, Lightnet, and OpenEden Launch Treasury-as-a-Service Platform

September 12, 2025
Velo Protocol, Lightnet, and OpenEden have announced a joint venture to launch a Treasury-as-a-Service platform and ASEAN settlement network, focusing on tokenized U.S. Treasuries and cross-border payments.

Velo Protocol, Lightnet, and OpenEden have announced a joint venture to launch a Treasury-as-a-Service (TaaS) platform and a regional settlement network, announced in a press release. This initiative aims to enhance stablecoin issuance, cross-border payments, and institutional-grade financial services across Asia.

The TaaS platform, launched in Q4 2024, provides enterprises, DAOs, and Web3 treasuries with direct access to tokenized U.S. Treasuries. It offers a compliant, transparent, and yield-bearing reserve solution that bridges traditional finance and blockchain.

Additionally, the joint venture will develop a comprehensive settlement network for financial institutions, fintechs, and enterprises in the ASEAN region. This network will support digital-fiat settlement infrastructure, real-time cross-border payments, and secure custodial solutions, ensuring regulatory compliance and seamless integration with existing financial operations.

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