Lightnet, a Singapore-based fintech company, announced it has secured a $50 million capital commitment from LDA Capital to grow its infrastructure, operations, and expand its technological partner’s (Velo.org) blockchain technology. The money will be used to support web 3.0 payments and blockchain-based remittance services with a regional focus on Asia Pacific. The Lightnet Group will be able to use this investment to accelerate growth in the payment and remittance sector, enabling the transition from current payment and remittance systems towards new technology, and creating the #1 CeDefi banking network in Asia through its licensed subsidiaries and its expanding number of partners.
Lightnet Receives $50 Million Capital Commitment From LDA Capital to Boost Velo Blockchain Technology
