Velas expansion plans boosted by $135 million financial commitment from Gem Digital

New major financial commitment of $135 million to boost Velas’ mission to make blockchain technologies accessible to people, businesses and communities.

Velas Network, a leading blockchain protocol and related software product ecosystem, today revealed details of a major new partnership with digital asset investment firm GEM Digital Limited (“GEM”) ) based in the Bahamas.

The $135 million financial commitment is intended to help Velas Network solidify its position as a global leader in new blockchain technologies. This will help the company realize its ambition to improve everyone’s life by making advanced and disruptive technologies more accessible.

Since its launch in 2019, Velas has quickly established itself at the forefront of blockchain products and services. With its industry-leading transaction speeds, unparalleled security, and zero-carbon certification, it has already become the blockchain partner of choice for many major global brands.

Today’s $135 million funding announcement is now aimed at accelerating Velas’ progress. The new funding facility will help accelerate the growth of Velas’ ecosystem and ensure that its cutting-edge blockchain is more efficient, sustainable and accessible than ever before.

Farhad Shagulyamov, co-founder of the Velas project

“I am delighted to announce that GEM is the new strategic partner of Velas. The size and scale of the funding they commit to is a clear indicator of institutional players’ confidence in the potential of our technology, the skills of our team and the robustness of our business model.

This financing facility will strengthen our ability to bring innovative technologies and solutions to the global marketplace, taking us into new markets and sectors. This will allow us to expand our ecosystem and improve the blockchain itself, increasing the number of users who can benefit from our cutting-edge approach.

This partnership would not have been possible without the hard work and commitment of many people behind the scenes at Velas and GEM. I would like to thank both teams for the diligence, commitment and professionalism that contributed to the realization of this groundbreaking agreement.

At Velas, we are driven by a shared belief that opening up access to new technologies has the potential to benefit businesses, communities and the planet. This significant investment will not only make a difference to our own business, but it will also benefit our customers around the world.

About VELAS

“Velas” is a trade name used for the Velas blockchain protocol, the ecosystem of related software products, and the legal entities engaged in it.

Velas is currently the fastest blockchain with Ethereum VM compatibility and was founded in 2019 in Zug, Switzerland.

Velas is also one of the most efficient blockchain networks for secure, interoperable, and extremely scalable transactions and smart contracts that integrate breakthrough technology products and services with the goal of improving the lives of people everywhere.

Velas creates an innovative environment for decentralized applications, social platforms, open finance, access management solutions, Web 3.0 DeFi applications, micro-applications and more.

Delivering up to 75,000 transactions per second with extremely low fees, Velas is one of the most efficient blockchain networks available. As an ecosystem using a wide range of decentralized products and services, Velas’ main goal is to bring blockchain technology to all types of users, from micro-startups to enterprise divisions while striving actively to be certified as a climate-neutral blockchain and aiming to be a fully distributed space network by 2025.

E-mail: [email protected]

Website: https://velas.com

About GEM Digital Limited

GEM Digital Limited is a digital asset investment company. Based in the Bahamas, the company actively sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally. Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York and the Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in seventy-two countries. Each investment vehicle has a different degree of operational control, risk-adjusted return and liquidity profile. The family of funds and investment vehicles provides GEM and its partners with exposure to small and mid-cap management buyouts, private investments in public equities, and certain venture capital investments.

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Company Name: Velas
Contact person: Press office
E-mail: Send an email
Country: Swiss
Website: velas.com

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