TechFlow News, January 19 — According to the official blog of Velo Labs, Singapore-based fintech company Lightnet has established a strategic partnership with Asia Digital Bank (Labuan Investment Bank) in Malaysia and Velo Labs in the British Virgin Islands to jointly develop cross-border business solutions.
With the memorandum of understanding now in effect, Lightnet, Asia Digital Bank, and Velo Labs will collaborate in the following areas:
Lightnet will provide Asia Digital Bank (Labuan Investment Bank) with solutions focused on cross-border value transfer;
Velo Labs will partner with Asia Digital Bank (Labuan Investment Bank) on pilot projects involving digital assets in financial market activities;
Lightnet and Velo Labs will jointly provide technical solutions to support the collaboration.
