Odaily News: Financial technology company Velo Labs announced that it has raised $10 million in funding, with DWF Labs leading the investment.

Velo Labs primarily utilizes blockchain technology to create a compliant financial ecosystem. The funding will be used to develop its "Web3+" financial ecosystem and promote the trustless, permissionless, borderless, and limitless flow of assets globally.

Velo Labs' products and services include multi-asset trading on Universe and the upcoming launch of the encrypted payment super app, Orbit.