Singapore-based Lightnet said it will use the funds to boost Web3 and cross-border payments through the Velo protocol and expand the protocol's technology. The firm has the option to increase the total commitment to up to $100 million over the next three years.

https://www.coindesk.com/business/2022/08/29/fintech-firm-lightnet-group-gets-50m-from-lda-capital-to-boost-velo-protocol/