Velo and Solana Foundation sign MOU to establish clearing house for Laos’ digital gold transactions

Velo, in collaboration with its partner Lightnet, is pleased to announce the signing of a Memorandum of Understanding (MOU) with the Solana Foundation for its Laos Gold Project

Velo, in collaboration with its partner Lightnet, is pleased to announce the signing of a Memorandum of Understanding with the Solana Foundation for its Laos Gold Project. Solana will act as the blockchain settlement layer and Velo will be the backbone infrastructure layer as well as the designated clearing house for Laos’ digital gold transactions under the Gold Project. This combination will ensure efficient and secure processing of transactions on the blockchain.

The MOU also includes a robust bridging mechanism to enhance interoperability between Solana’s L1, Nova, and EVM-compatible chains. This initiative aligns with the blockchain principle of interconnectedness, promoting connectivity and accessibility of digital assets across different blockchain networks.

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