Velo Protocol, the popular Web3 Financial Solutions platform, is partnering with Fintech Firm LightNet and RWA tokenization company Openeden. The partnership combines traditional finance with blockchain-driven innovations to provide the Department of Finance as a Service (TAAS) and the ASEAN payments network. As the official Velo Protocol press release discloses, the collaboration marks a key move to strengthen adoption of digital finance compliance across Asia. Therefore, this development is expected to strengthen the US tokenized Treasury Department, redefine real-time payments across borders, and improve stubcoin issuance within the region.
🚨Major news!
We are excited to announce a strategic joint venture between @lightnetgroup and @openeden_x to launch the full suite Department of Treasury (TAAS) platform and ASEAN payments network.
This partnership is set to promote the future of Asian compliant digital finance…pic.twitter.com/b3hutww8d7
– Velo Official (@EvelopRotocol) September 12, 2025
Velo protocol taps LightNet and Openeden to deploy the Ministry of Finance as a service
The Velo Protocol, LightNet, and Openeden partnerships announce the Department of Finance as a Service (TAAS) Forum and the ASEAN settlement network. In particular, the Ministry of Finance as a Service presents cutting-edge, innovative projects dealing with blockchain-driven financial services. Provide Web3’s Treasury Department, DAO, and businesses directly to the Open Den’s tokenized US Treasury Department. Each Treasury will serve as the earliest tokenized Real World Asset (RWA) product, with Moody’s giving it an “A” rating and S&P providing a “AA+” rating for security and reliability.
TaaS establishes a bridge that connects traditional funds with decentralized ecosystems by providing reserves that earn yields through transparent and compliant systems. This provides unique standards for on-chain Treasury management and allows agencies to optimize their reserves apart from ensuring regulatory compliance. This shift builds trust in highly tokenized assets and also provides greater liquidity management efficiency for the organization.
Furthermore, the second priority for collaboration is the establishment of the ASEAN payments network. The ecosystem is dedicated to providing digital FIAT payment compliant infrastructure. The network will redefine the implementation of regional relocation by businesses, fintechs and financial institutions. At the same time, infrastructure supports cross-border remittances and payments in real time.
Strengthen your users and institutions with unique digital asset solutions
According to Velo Protocol, the partnership with LightNet and Openeden combines its expertise to provide the foundation for obedient digital finance across Asia. Thus, by strengthening the tokenized US Treasury, as well as allowing transparent, secure and fast cross-border settlements, development will make Web3-Native efficient available in the mainstream financial sector. Overall, the joint initiative is set up to allow users, merchants and institutions to use next-generation tools to comply with regulatory requirements and to enhance adoption of digital assets in parallel.