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Bridging TradFi With Crypto🏦Velo INTERVIEW & Updates · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Welcome back into a topic today that's going to be
• 0:02
  Speaker 1: breaking down some of the biggest projects out there. One
• 0:05
  Speaker 1: of them that we have looked at before has been Velo.
• 0:09
  Speaker 1: Now Vilo we've had on the show a couple of times.
• 0:12
  Speaker 1: In fact, we had them on with Solana. We also
• 0:14
  Speaker 1: had them on with Stellar. This was all brought in
• 0:17
  Speaker 1: part through Beams partnership. That was about July of this
• 0:22
  Speaker 1: year and we wanted to kind of revisit where Velo
• 0:25
  Speaker 1: is today, so we thought, hey, let's bring in one
• 0:27
  Speaker 1: of their key executives. So we'll have Pat joining us
• 0:31
  Speaker 1: from Velo here in a second. He is, of course,
• 0:33
  Speaker 1: the chief operating officer of Vlo Labs. And when you
• 0:36
  Speaker 1: think about where Velo is heading, there is a lot
• 0:39
  Speaker 1: of news to break down. This could be one that
• 0:42
  Speaker 1: will really break down I think some potential opportunities of
• 0:45
  Speaker 1: how crypto and the broader financial market is starting to go.
• 0:49
  Speaker 1: Let's get into a couple of points. First of all,
• 0:51
  Speaker 1: welcome to the show. Thanks for coming in today. We
• 0:53
  Speaker 1: appreciate it.
• 0:54
  Speaker 2: Hi, thank you for having us again.
• 0:56
  Speaker 1: So a couple of points I wanted to hit on
• 0:58
  Speaker 1: since the last time we had you guys on a
• 1:01
  Speaker 1: lot has changed obviously, both that with you guys and
• 1:05
  Speaker 1: the market for people who don't necessarily know who Velo is.
• 1:09
  Speaker 1: And I know a lot of people have mentioned this
• 1:11
  Speaker 1: in our comments before, but give us kind of a
• 1:13
  Speaker 1: high level of what you guys are doing and solving today.
• 1:18
  Speaker 3: So in general, our focus has always been on building
• 1:22
  Speaker 3: the next generation financial infrastructure utilizing blushing technology. What we've
• 1:28
  Speaker 3: sorted come down to what we've been focusing within the
• 1:32
  Speaker 3: past year and going forward is what we call the
• 1:34
  Speaker 3: PAIFI infrastructure. So that means financial rails that move real money,
• 1:38
  Speaker 3: not just tokens across different borders, currencies and digital assets platforms.
• 1:44
  Speaker 3: So I think a lot of other innovations we've seen
• 1:46
  Speaker 3: have focused on the speculations of crypto markets, the isolated
• 1:51
  Speaker 3: financial products.
• 1:53
  Speaker 2: Our focus is slightly different.
• 1:54
  Speaker 3: It's been on the settlement, liquidity, and payments layer of
• 1:58
  Speaker 3: the financial system. This is not something that will replace
• 2:03
  Speaker 3: traditional layers, but would be an addition and alternative to
• 2:08
  Speaker 3: the traditional infrastructure that we have in the system that
• 2:12
  Speaker 3: will try to plug in the deficiency that we see.
• 2:15
  Speaker 1: I see, well, okay, so there is a lot going
• 2:19
  Speaker 1: on in that space, mainly here in the US. We've
• 2:22
  Speaker 1: seen a lot of regulation that has been approved obviously
• 2:25
  Speaker 1: with the Genius Act. Things happening now with market clarity
• 2:28
  Speaker 1: that could start to shift around, especially the settlement and
• 2:31
  Speaker 1: liquidity layers for a lot of major companies. You have
• 2:34
  Speaker 1: banks rolling into this, which are the traditional financial systems
• 2:38
  Speaker 1: that obviously make a huge impact going forward. When you
• 2:42
  Speaker 1: look at the financial system today's banks, FinTechs, payment apps,
• 2:47
  Speaker 1: FX providers, they're kind of all stacked on top of
• 2:50
  Speaker 1: each other. Where do you guys sit in here? How
• 2:53
  Speaker 1: do you play into this?
• 2:55
  Speaker 3: So, just as I mentioned, we look at ourselves in
• 2:58
  Speaker 3: the settlement and liquidity, I see a lot of the
• 3:02
  Speaker 3: big players, traditional fundamental players coming in as a good thing.
• 3:06
  Speaker 2: That means there's a real value.
• 3:08
  Speaker 3: That the technology the crypto market itself can provide in
• 3:12
  Speaker 3: terms of solving real world problems. So it's great that
• 3:16
  Speaker 3: we see more players coming into this scene, especially banks
• 3:20
  Speaker 3: or FinTechs. We're not trying to replace, you know, any
• 3:24
  Speaker 3: of these players or any consumer apps. We're trying to
• 3:27
  Speaker 3: connect them together and provide value where there is scaped
• 3:30
  Speaker 3: within the market. So for all these financial institutions, fintech,
• 3:34
  Speaker 3: different platforms can use us as a bridge to move
• 3:37
  Speaker 3: value across different currencies and digital assets in different corridors
• 3:43
  Speaker 3: that the traditional infrastructure may.
• 3:45
  Speaker 2: Be lacking in terms of support.
• 3:48
  Speaker 3: So that's why we spend so much, you know, emphasis
• 3:50
  Speaker 3: on the infrastructure, the compliance integration, rather than just the
• 3:55
  Speaker 3: surface level direct to consumer facing part because I feel
• 3:59
  Speaker 3: like that one is built out, So we're trying to
• 4:01
  Speaker 3: be the bridge that sort.
• 4:03
  Speaker 2: Of brings everything together.
• 4:07
  Speaker 1: Yeah, all right, so a couple of things we're gonna
• 4:09
  Speaker 1: We're gonna talk about the World Liberty Finance Partnership and
• 4:14
  Speaker 1: what that looks like. But before we go there, the
• 4:17
  Speaker 1: last time we talked this was a roundtable that we
• 4:19
  Speaker 1: had with Solona, so we had Lily Leuan, one of
• 4:22
  Speaker 1: the founders of Stellar. Obviously, in your more recent appearance
• 4:27
  Speaker 1: that you guys had, it was kind of built around
• 4:29
  Speaker 1: tokenized gold. So there's been a lot of exploration around
• 4:34
  Speaker 1: many of these assets, including you know, precious metals now
• 4:38
  Speaker 1: being tokenized. We haven't seen tokenized silver yet, and silver
• 4:41
  Speaker 1: market is absolutely exploding. But a lot of teams are
• 4:45
  Speaker 1: talking about future use cases, pilots, you know, different kinds
• 4:48
  Speaker 1: of proof of concepts. From your vantage point right now,
• 4:52
  Speaker 1: are you guys first of all, what has actually changed
• 4:55
  Speaker 1: since then when we had that last conversation, that has
• 4:59
  Speaker 1: kind of shifted the market for VLO.
• 5:02
  Speaker 3: So we were last time we were here, we're looking
• 5:04
  Speaker 3: at tognizing gold as a way to, as I said,
• 5:07
  Speaker 3: move different values from one system to another. What has changed,
• 5:11
  Speaker 3: especially in terms of the overall market, is that the
• 5:15
  Speaker 3: cover stine has shifted from.
• 5:17
  Speaker 2: Candice really work to this is already working.
• 5:20
  Speaker 3: So from our side, we've moved deeper into production and infrastructure.
• 5:23
  Speaker 3: We've had real transaction volume, real institutional integration, so more
• 5:28
  Speaker 3: real use cases. They are using what we've been building.
• 5:31
  Speaker 3: More broadly, we're seeing other different types of assets, stable
• 5:35
  Speaker 3: cointsganized assets, digital settlements moved from just being an experiment
• 5:41
  Speaker 3: to a wider, a.
• 5:42
  Speaker 2: Bigger scale, especially in Asia.
• 5:45
  Speaker 3: So this ship is fundamental in changing how infrastructure like
• 5:49
  Speaker 3: ours is being perceived and used.
• 5:52
  Speaker 1: Interesting. So this is a really kind of a dynamic shift.
• 5:57
  Speaker 1: I think when you consider where the market is right now.
• 6:01
  Speaker 1: First of all, crossboarder payments, what we'll see in settlement
• 6:05
  Speaker 1: layers with international banks, maybe even nation states that are
• 6:10
  Speaker 1: going to be growing. One thing that stands out to
• 6:13
  Speaker 1: me is that you guys VLO. You guys are showing
• 6:17
  Speaker 1: up kind of on the execution rather than doing announcements,
• 6:20
  Speaker 1: which to me, that's a big step for crypto because
• 6:24
  Speaker 1: most of the time, as you know, we see a
• 6:26
  Speaker 1: lot of people talking about stuff, but not many people
• 6:28
  Speaker 1: doing stuff. So what are some of the recent developments
• 6:32
  Speaker 1: that we should pay attention to.
• 6:34
  Speaker 3: So you know, we've have had a long time developing
• 6:37
  Speaker 3: the different partners the different infrastructure, so now we're actually
• 6:41
  Speaker 3: at the executing at the institutional scale. Okay, we have
• 6:45
  Speaker 3: live heay fin infra structure, we have active enterprise and
• 6:49
  Speaker 3: active ecosystem partnerships, regulated digital asset products and real world
• 6:53
  Speaker 3: uses across different parts of Asia. So this isn't about
• 6:58
  Speaker 3: just a single partnership different products, even though we've had
• 7:02
  Speaker 3: multiple announcements. It's about how we're forming an ecosystem with
• 7:07
  Speaker 3: different partners that can come in and have different provide
• 7:11
  Speaker 3: different values within the ecosystem. So having multiple components that
• 7:15
  Speaker 3: reinforces each other to grow together.
• 7:20
  Speaker 1: I like the fact that you guys are getting more
• 7:24
  Speaker 1: I guess in a way covering so many different sectors
• 7:27
  Speaker 1: of the market for PAYFI, because that's one of the
• 7:31
  Speaker 1: things you either have people or projects that are very
• 7:34
  Speaker 1: isolated into certain countries, you know, versus what you guys Obviously,
• 7:39
  Speaker 1: I know you're far focusing mostly on the Asian market,
• 7:41
  Speaker 1: but and I want to talk about that. But when
• 7:43
  Speaker 1: you look at the biggest developments really since we last spoke,
• 7:48
  Speaker 1: the World Liberty Finance thing is now live? Is that right?
• 7:51
  Speaker 1: Is it up and outing? Okay, so we're hearing about
• 7:54
  Speaker 1: these partnerships all the time, but a lot of them
• 7:57
  Speaker 1: I have kind of not necessarily gone anywhere. Now that
• 8:00
  Speaker 1: you guys are integrated with WLFI, which is the you know,
• 8:04
  Speaker 1: the token integration, which is operational, does this actually change
• 8:09
  Speaker 1: what changes for Velo's ecosystem now with this integration.
• 8:13
  Speaker 3: So one of the key points is the integration of
• 8:17
  Speaker 3: USD one, which is a regulated stable coin issue by
• 8:21
  Speaker 3: Bidgo Trust Company, into our settlement and liquidity layers. So
• 8:25
  Speaker 3: from a system professor perspective, you know, having a regulated
• 8:29
  Speaker 3: stable coin allows for more touch point with in terms
• 8:32
  Speaker 3: of compliance and legal so more institutional can use this
• 8:36
  Speaker 3: stable coin to move different assets, so it unlocks different
• 8:39
  Speaker 3: parts of interms of compliance or regulations, and this enables
• 8:44
  Speaker 3: us to be able to offer to more more institutional
• 8:49
  Speaker 3: users to be able to use our platform.
• 8:52
  Speaker 2: So this trends are stable point equidity.
• 8:55
  Speaker 3: Supports intuitional grade settlement and allows the USD one addition
• 9:00
  Speaker 3: to be used across our different ecosystem, especially in the
• 9:04
  Speaker 3: loyalty programs and super app environment.
• 9:07
  Speaker 1: I like it. I like it well, super app environment's
• 9:09
  Speaker 1: going to become a I think a huge thing. That
• 9:11
  Speaker 1: may be the category that people will start to recognize
• 9:16
  Speaker 1: in twenty twenty six is the use case for super apps.
• 9:19
  Speaker 1: And if you guys haven't listened in and understood what
• 9:22
  Speaker 1: we're talking about, we've done a couple of videos on
• 9:23
  Speaker 1: super apps and what they mean for the crypto ecosystem,
• 9:26
  Speaker 1: So check that out in the channel pat Also, another
• 9:30
  Speaker 1: name that keeps coming up is CP Group. This is
• 9:33
  Speaker 1: around kind of centered around World Liberty Financial. But are
• 9:38
  Speaker 1: they connected? How do these two companies or these two
• 9:43
  Speaker 1: industry titans kind of connect you guys.
• 9:45
  Speaker 3: I love people highlight the CP Group names because there's
• 9:48
  Speaker 3: a large conglomerate company with a huge presidence in Southeast Asia.
• 9:53
  Speaker 3: We're fortunate enough to have such partners to help us
• 9:57
  Speaker 3: scale our network into different parts of a into different
• 10:00
  Speaker 3: use cases. World Liberty Finance comes from a I guess, uh,
• 10:05
  Speaker 3: the USD one infrastructure to help us pluck in in
• 10:09
  Speaker 3: terms of that uh, the stable point liquidity being compliant.
• 10:15
  Speaker 3: But beyond just these two names, we have other you know,
• 10:18
  Speaker 3: partners of Solana we mentioned last time to.
• 10:22
  Speaker 2: Help in different parts within our ecosystem.
• 10:25
  Speaker 3: So these strategic supports help us able to scale our
• 10:28
  Speaker 3: product across and build new infrastructure in terms of the
• 10:32
  Speaker 3: pay in the payfi ecosystem, and provide more use cases
• 10:38
  Speaker 3: and different features that you know, for example in payments
• 10:42
  Speaker 3: and FX and digital assets UH to be used within
• 10:46
  Speaker 3: the super app that as you mentioned.
• 10:47
  Speaker 1: Before, this market could become huge if you look at
• 10:52
  Speaker 1: the scale, not only within Asia. You guys have mentioned
• 10:57
  Speaker 1: Asia several times. Why focus only or heavily I should
• 11:01
  Speaker 1: say on Asia rather than say starting in the Western markets.
• 11:06
  Speaker 2: I think Asia.
• 11:07
  Speaker 3: You know, it's it's a very large market, and within
• 11:10
  Speaker 3: the large market there are different developments scale that you see.
• 11:14
  Speaker 3: But in general, I think digital wallets here are a
• 11:17
  Speaker 3: bit more mainstream. People don't in a lot of different
• 11:21
  Speaker 3: markets that we are in, people don't really have credit cards,
• 11:24
  Speaker 3: so they rely on payments through their mobile different digital
• 11:27
  Speaker 3: wallet apps, So that behavior makes it easier for people
• 11:31
  Speaker 3: to adopt a new digital wallet, infrastructure or even just
• 11:36
  Speaker 3: plugging our infrastructure to what they've been using on their
• 11:39
  Speaker 3: day to day. So from an infrastructure standpoint, it's a
• 11:43
  Speaker 3: more demanding environment because there's a lot larger population, it's
• 11:48
  Speaker 3: a bit fragmented into different countries. But if it works
• 11:51
  Speaker 3: at scale, it's a very large market and it means
• 11:54
  Speaker 3: we can scale it to other regions as well, you know,
• 11:56
  Speaker 3: whether that be in Africa or Latin America or even
• 11:59
  Speaker 3: in Western countries. So our approach is Asia first, provide utility,
• 12:04
  Speaker 3: provide value, and then scale it out once we've proved
• 12:08
  Speaker 3: our product well.
• 12:11
  Speaker 1: I think the key there is you're going to look
• 12:13
  Speaker 1: at adoption, you know, which will be one of the
• 12:16
  Speaker 1: key cornerstones of how other areas or regions will start
• 12:21
  Speaker 1: to look at use cases that are successful.
• 12:23
  Speaker 2: So if you guys.
• 12:24
  Speaker 1: Roll out with a adoption level use case, because that's
• 12:28
  Speaker 1: the thing right now, we're seeing adoption on stable coins
• 12:32
  Speaker 1: at a very high scale, kind of the point you're
• 12:34
  Speaker 1: getting at with what we're liberty Fi is doing, and
• 12:37
  Speaker 1: I think that's going to kind of lead into a
• 12:40
  Speaker 1: lot of other sectors in the market that are going
• 12:43
  Speaker 1: to explode due to this adoption. Looking ahead right now,
• 12:47
  Speaker 1: what should people be watching for over the next you know,
• 12:49
  Speaker 1: two to three six months for you guys, what are
• 12:51
  Speaker 1: you guys building?
• 12:52
  Speaker 3: So for us, as we're deepening our you know, World
• 12:55
  Speaker 3: Liberty Finance, USD one infrastruction into our payments hi FI workflows,
• 13:02
  Speaker 3: we're moving beyond just being the connector liquidity. We're trying
• 13:05
  Speaker 3: to connect more to consumer facing super apps and loyalty distributions,
• 13:09
  Speaker 3: so bringing more of our institutional settlements to more use
• 13:14
  Speaker 3: cases of more I wouldn't say consumer right straight away,
• 13:18
  Speaker 3: but a bigger scale, a larger transaction volume. So this
• 13:24
  Speaker 3: is typical phase where we can scale our infrastructure to
• 13:27
  Speaker 3: account for more transaction.
• 13:30
  Speaker 2: Volumes that we might be seeing for this year. We're
• 13:33
  Speaker 2: also looking.
• 13:34
  Speaker 3: You know, it's a buzzword, but we're also looking in
• 13:37
  Speaker 3: terms of how to integrate AI into providing more efficiency,
• 13:41
  Speaker 3: especially within choosing different rails for different effects rates, different
• 13:48
  Speaker 3: settlements between different assets. So in terms of pricing, that's
• 13:52
  Speaker 3: the efficiency we may use AI to help us navigate.
• 13:57
  Speaker 1: So okay, so what you're describing you think about this
• 14:01
  Speaker 1: both on infrastructure level use case. Now you've got institutional partners.
• 14:07
  Speaker 1: You know, this is a traditional story that usually comes
• 14:11
  Speaker 1: kind of after things have been adopted. We've seen and
• 14:14
  Speaker 1: we've seen this, you know, Circle of course is a
• 14:16
  Speaker 1: good example here in the United States obviously the proliferation
• 14:20
  Speaker 1: of what they've done with USDC, but there's also other
• 14:24
  Speaker 1: you know, companies that have really started to ramp up,
• 14:27
  Speaker 1: especially whether you look at Europe, but you guys obviously
• 14:31
  Speaker 1: kind of leading the way in Asia. This is usually
• 14:33
  Speaker 1: done after it's already adopted. What do you think is
• 14:36
  Speaker 1: the broad Why do you think the broader market hasn't
• 14:38
  Speaker 1: fully caught up to what's being built yet, because this
• 14:41
  Speaker 1: seems very very bullish.
• 14:43
  Speaker 3: Yeah, I mean, I think infrastructure it takes a while obviously,
• 14:47
  Speaker 3: you know, it's not just developing as navigating, you know,
• 14:51
  Speaker 3: building the settlement layer, compliance frameworks and integrated to whatever
• 14:56
  Speaker 3: exists in a real world already. So these doesn't really
• 14:59
  Speaker 3: have and overnight. It takes times and efforts and different
• 15:02
  Speaker 3: talks and time to go through different you know in
• 15:06
  Speaker 3: terms of compliance, different getting regulations being ready, getting different licenses,
• 15:12
  Speaker 3: so it takes time for it to mature. But now
• 15:15
  Speaker 3: I think in terms of the market situation, we're seeing
• 15:18
  Speaker 3: differuation of all the efforts and different the change in
• 15:22
  Speaker 3: the regulations sentiment that's been coming. So I think it's
• 15:25
  Speaker 3: a really good time to see, you know that we
• 15:28
  Speaker 3: could see, you know, adoption happens really quickly within the
• 15:31
  Speaker 3: next year or two, hopefully sooner than that as well.
• 15:34
  Speaker 1: Yeah, and I think this is the thing that is
• 15:36
  Speaker 1: the hidden treasure for crypto is that right now, integration
• 15:41
  Speaker 1: into these super apps, and I think also into other sectors,
• 15:44
  Speaker 1: you know, whether it's going to be gaming, banking, RWA's,
• 15:48
  Speaker 1: we're going to see a layer of crypto that is,
• 15:51
  Speaker 1: to your point, kind of hidden, much like other technology.
• 15:54
  Speaker 1: Once technology really starts working, you don't even know it's there,
• 15:58
  Speaker 1: So that's when you know it's doing the right thing.
• 16:01
  Speaker 1: So it's gonna be fun to watch what Vila is
• 16:04
  Speaker 1: up to for sure. Hey, Pat, thanks so much for
• 16:06
  Speaker 1: coming in on the show today.
• 16:08
  Speaker 2: We appreciate it.
• 16:15
  Speaker 1: If you like this video, like and subscribe, drop a
• 16:18
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• 16:21
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