Today, Velo Labs and EvryNet announced a strategic merger that will bring together two organizations with a strong product and technology synergy. Together, they will serve a combined institutional and retail audience of Defi adopters.
The merger of Velo Labs and EvryNet is a win-win for both organizations. Velo Labs brings its expertise in blockchain infrastructure and EvryNet brings its experience in financial services and DeFi. This combination will allow them to serve a larger audience of Defi adopters and build better products.
and the United States, Velo Labs is quickly becoming a leading player in the blockchain-based cross-border payments space.
At Velo Labs, we’re developing a blockchain-based, compliance-first global settlement network to provide fast, secure and low cost cross-border payments to both individuals and businesses. Our mission is to improve financial services, and we’re doing this by giving financial institutions the ability to transfer value across borders in a much more efficient way than traditional financial institutions. We already have partnerships in place with financial institutions in Southeast Asia, Europe, the UAE. and the United States, and we’re quickly becoming a leading player in the blockchain-based cross-border payments space.
Velo’s team brings world-class design and engineering capabilities, as well as a strong business network that will help EvryNet grow rapidly.
The Velo and Evry teams are coming together to create a powerful new force in the crypto world. EvryNet’s decentralized applications will unlock a world of new assets, investment opportunities, and innovative strategies for investors. Simultaneously, EvryNet will give DeFi projects exposure to a broader ecosystem of investors, creating a flywheel of growth.
Bringing together the teams at Velo and Evry has significant benefits for both projects. The EvryNet team brings deep crypto-specific knowledge that will enhance Velo’s combined product offering. Velo’s team brings world-class design and engineering capabilities, as well as a strong business network that will help EvryNet grow rapidly.
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