Published on: Monday, 29 April 2024 ● 3 Min Read
BANGKOK, April 29, 2024 -- Velo Labs is excited to release its innovative whitepaper for the "Digital Gold" project, titled "Pacific Lightnet Gold Token (PLG): Revolutionizing Gold Investments." This document presents a new way to own gold through secure, digitized tokens, set to transform investor interactions with this classic asset.
Integration with the Solana Foundation:
Building on a recent Memorandum of Understanding with the Solana Foundation, this initiative employs Solana as the blockchain settlement layer, with Velo as the infrastructure backbone and clearing house for Laos' digital gold transactions. This partnership boosts the efficiency and security of PLG Gold transactions, ensuring strong interoperability and connectivity across blockchain networks.
Key Partnerships:
Highlights from the Whitepaper:
Additional Benefits of PLG Tokens:
About Velo Labs:
Velo Labs is a global pioneer in Web3-based financial solutions, offering a cutting-edge liquidity and settlement network for secure, efficient value transfers. Backed by Stellar Network and CP Group, our reach has expanded beyond Southeast Asia and the Pacific, now serving partners worldwide. We connect and complement the gap between traditional banking infrastructure and Web3, leading the way in blockchain mass adoption. Our extensive Web3-based payment network and Lightnet, our licensed settlement partner, position us as a global heavyweight. Velo Labs offers a diverse range of Web3-based products, notably Orbit, tailored for individuals, merchants, corporations, and enterprises worldwide — dedicated to empowering global financial connectivity and expanding accessibility globally.
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About Pacific Bullion Import-Export:
Pacific Bullion Import-Export plays a pivotal role in the management and security of the gold reserves essential for backing the PLG tokens. With a longstanding history of expertise in precious metals, the company ensures the integrity, safety, and regulatory compliance of the gold storage. Their comprehensive auditing practices and advanced security measures establish a trusted foundation for the Digital Gold initiative, making them a key player in the transformation of traditional gold trading to the digital era.
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