VelaFi Officially Enters the Japanese Market, Driving Digitalization Upgrade in Trade Settlement

BlockBeats News, October 30th - Stablecoin cross-border financial infrastructure platform VelaFi announced its official entry into the Japanese market. As a co-founder, it joined the Stablecoin Settlement Association led by Tokyo-listed company Ikuyo Corporation to jointly promote the digitalization upgrade of Japan's trade settlement system.

It is understood that this association will bring together financial institutions, exporters, and fintech service providers to build a blockchain-based standardized settlement infrastructure to address pain points in Japanese enterprises' cross-border payments, such as delays, hidden costs, and lack of transparency. Leveraging its core technology in blockchain and stablecoins, VelaFi will provide integrated services such as T+0 real-time settlement, transparent exchange, and multi-currency virtual account management to share its international deployment experience.

VelaFi's co-founder and CEO, Maggie Wu, pointed out that Japan, as a global trade hub, will focus on eliminating inefficient processes in cross-border payments and establishing new industry standards through this collaboration. A spokesperson from Ikuyo stated that both parties will help local import and export enterprises accelerate fund turnover and optimize costs.

This entry into the Japanese market marks a significant milestone in VelaFi's global expansion. Its operations currently span markets in Latin America, the United States, and Asia, including Hong Kong and Singapore. As part of Galactic Holdings, VelaFi has provided end-to-end financial services to hundreds of governments and enterprises, covering various fields such as cross-border e-commerce and Web3. This move further deepens its influence in the Asia-Pacific region and injects momentum into Japan's stablecoin settlement ecosystem's compliance and development.