# Velo Protocol, Lightnet and OpenEden launch Treasury‑as‑Service

**Published:** 2026-08-14T02:12:57.564Z  
**Topic:** OpenEden  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/2b300b2b-7844-47d0-a33d-685dea69fab0

Velo Protocol, Lightnet and OpenEden unveil a Treasury‑as‑Service platform and settlement network for tokenised US Treasuries across ASEAN, backed by Moody’s

Velo Protocol, Lightnet Group and OpenEden announced a full‑suite Treasury‑as‑Service (TaaS) platform and an ASEAN‑wide settlement network on 12 September 2025, aiming to power compliant stablecoins, cross‑border payments and institutional‑grade financial services in Asia【3】.  

| At a glance | |
|---|---|
| Platform launch | Q4 2024 (built) |
| Tokenised TBILL rating | “A” (Moody’s) / “AA+” (S&P) |
| Target region | ASEAN financial institutions, fintechs, enterprises |
| Core services | Digital‑fiat settlement tokens, real‑time cross‑border payments, custodial & treasury solutions |

## Treasury‑as‑Service foundation  
The TaaS platform gives enterprises, DAOs and Web3 treasuries direct access to tokenised US Treasury Bills (TBILL). OpenEden’s TBILL is the first tokenised US Treasury product to receive an “A” rating from Moody’s and a “AA+” rating from S&P, providing a liquid, high‑quality reserve for the new infrastructure【3】. Built in Q4 2024, the service is positioned as a transparent, yield‑bearing bridge between traditional finance and blockchain, allowing on‑chain treasury management that complies with existing regulatory frameworks【3】.

## ASEAN settlement network rollout  
Beyond the reserve layer, the joint venture will construct a settlement network for banks, fintechs and merchants across the ASEAN region. The network will issue compliant digital‑fiat settlement tokens, enable real‑time cross‑border payments and remittances—initially focusing on high‑volume corridors—and deliver custodial and treasury solutions through licensed providers. Liquidity, FX conversion and hedging tools will be accessible via both DeFi protocols and conventional financial rails, all delivered through a modular API stack designed for seamless integration【3】.  

## What to watch  
- **Regulatory approvals** for the digital‑fiat settlement tokens in key ASEAN jurisdictions.  
- **Adoption milestones** such as the first live cross‑border payment or the onboarding of a major financial institution onto the API stack.  
- **Further rating updates** for OpenEden’s tokenised TBILL, which could affect the perceived liquidity and risk profile of the platform.  

The partnership signals a move toward compliant, large‑scale digital finance in Asia, linking tokenised sovereign debt to real‑world payment flows. How quickly financial institutions adopt the API and whether regulators endorse the settlement tokens will determine the platform’s impact on stablecoin issuance and cross‑border payment efficiency.

## Sources
1. Asset Servicing Times — [Velo Protocol, Lightnet, and OpenEden partner](https://www.assetservicingtimes.com/assetservicesnews/industryarticle.php?article_id=17150)
2. Assetservicingtimes — [Velo Protocol, Lightnet, and OpenEden partner - Asset ...](https://www.assetservicingtimes.com/assetservicesnews/paymentsarticle.php?article_id=17150)
3. Coinrubicon — [Velo Protocol, Lightnet, and OpenEden Form Joint Venture to ...](https://coinrubicon.com/news/blockchain/velo-protocol-lightnet-and-openeden-form-joint-venture-to-launch-treasury-as-a-service-and-asean-settlement-network/)

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Cite as: TrendWatcher, "Velo Protocol, Lightnet and OpenEden launch Treasury‑as‑Service", https://www.trendwatcher.in/article/2b300b2b-7844-47d0-a33d-685dea69fab0