Web3 financial ecosystem infrastructure developer Velo Labs has raised $10 million in funding, with participation from DWF Labs.

BlockBeats reported on June 26th that Velo Labs, a developer of Web3 financial infrastructure, has announced the completion of a $10 million financing round with participation from digital asset market makers and investment firm DWF Labs. Velo Labs focuses on creating a compliant financial ecosystem using blockchain technology, aiming to connect global economic activity to the blockchain and promote trustless, borderless, and unrestricted asset movement worldwide.