Velo and Solana partner to establish a clearing house for Laos’ Digital Gold
This strategic initiative aims to expand Laos’ Digital Gold user base. Solana will act as the blockchain settlement layer. Velo will be responsible for securely validating transactions. Velo and the Solana Foundation have signed a Memorandum of Understanding (MOU) to establish a clearing house for transactions related to Laos’ Digital Gold. Under the signed agreement, Solana will act as the blockchain settlement layer, while Velo will serve as both the backbone infrastructure layer and the designated clearing house . Velo’s role involves validating transactions securely, upholding trust, and ensuring the smooth execution of contractual obligations. The MOU also includes plans to enhance interoperability between Solana’s L1, Nova, and EVM-compatible chains, promoting connectivity and accessibility across different blockchain networks. Furthermore, the partnership entails implementing liquidity management protocols, including on-r...