Velo Labs operates a federated credit exchange network powered by the Velo Protocol, a blockchain-based financial system. It uses the Stellar Consensus Protocol for transaction settlement and enables digital credit issuance through smart contracts, facilitating secure and transparent value transfers.

The protocol supports collateral-backed digital credits pegged to fiat currencies, allowing businesses to conduct borderless asset transfers. Its ecosystem enables various use cases centered around frictionless value exchange, such as cross-border payments and credit-based transactions.