Cross-border payments of new capital by Ali: $20 million bet on the Latin American stabilization coin company VelaFi
Ali invested in the Latin American Stable Currency Finance Corporation, VelaFi, to try to solve the problem of cross-border payments and emerging market settlements with a stable currency. 。
Original title: Ali casts the Latin American Stable Currency Finance Corporation
By KarenZ, Foresight News
A platform of financial infrastructure working to connect the French currency to the encrypted world, deep in Latin America, is emerging。
On 12 January, VelaFi officially announced the completion of the $20 million B round. Following the completion of the current round of financing, VelaFi ' s cumulative financing exceeded $40 million. This amount not only confirms the confidence of the market in stable currency payments。
Of concern is the presence of Alibaba Investment, an Alibaba investment agency under the umbrella of VelaFi。
Why Ali Baba
Alibaba Investment is a wholly owned subsidiary of Ali Baba, registered in the British Virgin Islands in 2000。
AS ONE OF THE LARGEST B2B AND B2C TRADING PLATFORMS IN THE WORLD, ALI BABA IS WELL AWARE OF THE PAINS IN CROSS-BORDER PAYMENTS — THE HIGH FEES, THE LONG SETTLEMENT CYCLE AND THE RISK OF EXCHANGE RATE FLUCTUATIONS。
VelaFi provides a stable currency infrastructure that enables immediate, low-cost cross-border settlements. VelaFi ' s deep-droping in emerging markets such as Latin America coincides with the priority growth areas of AliExpress and Ali International。
Through this investment, Ali is most likely to explore the use of stable currency technologies to optimize its experience of local payments and commercial settlements in emerging markets。
Who else is holding the bet, VelaFi
VelaFi's financing was led by XVC and Ikuyo, with Alibaba Investment, Planetree, and BAI Capital, the original investment agency. To date, VelaFi ' s cumulative financing has exceeded $40 million。
One of the leading investors, XVC, is a fund manager based in Beijing whose partner, Hobo, Boyu, once invested in fast hands, Weee!, walnut programming, and Queen Taki。
Another lead investor, Ikuyo, is a Tokyo listed company. This investment was not the first of its kind, and as early as November 2025, when VelaFi entered the Japanese market, the two sides had entered into strategic cooperation to become a co-organizer of the Stabilization Currency Clearing Association, providing more transparent and economical settlement services to exporters and global enterprises。
Who's VelaFi
VelaFi belongs to Galactic Holdings. Galactic Holdings was created by a Chinese founding team, co-founder and CEO Maggie Wu, who is also CEO of VelaFi, and founder of the renowned Krypital Group。
Galactic Holdings owns the encrypted wallet TruBit, the trading platform TruBit Pro and the enterprise-oriented cross-border payment solution TruBit Business. In 2025, the official brand of TruBit Business was upgraded to VelaFi。
VelaFi has now started in Latin America and has now expanded its business map to the United States and Asia. VelaFi claims that to date, VelaFi has served hundreds of business clients and processed billions of dollars in payment transactions。
Core Mode
VelaFi focuses on B2B markets. To ensure compliance, all business clients must be certified strictly by KYC and KYB。
Its core model can be summarized as follows:
1 On-Ramp & Off-Ramp
This is the basic business of VelaFi, which is designed to solve the trade problem of free exchange of French and stable currency。
REVENUE: END-USERS OF AN ENTERPRISE ARE ALLOWED TO PAY IN LOCAL CURRENCY, AND THE ENTERPRISE RECEIVES AN EQUIVALENT OF STABLE CURRENCY (SUCH AS USDT/USDC) OR BITCOIN。
Gold: The firm sends a stable currency to VelaFi, which uses the local banking network to access the user's bank account in local French currency。
2. Global payments and cross-border flows
VelaFi, another global payment service, uses the "French A - French B" route to make cross-border financial flows. For example, a Mexican company paid Brazilian suppliers. Previously, there had been a complex middle row, now through VelaFi, where the peso (MXN) had been paid and the other party had received the reais (BRL)。
VelaFi is like an accelerator built on traditional banking tracks。
Its core strength lies in the deep integration of the mainstream real-time payment systems in Latin America: Mexico’s electronic interbank payment system (SPEI), Brazil’s real-time payment system (PIX) and Colombia’s payment system (PSE), which, by linking these traditional payment tracks to stable currency liquidity, VelaFi has moved encrypted currencies away from mere chains, but may actually fall into cross-border electricians, labour outsourcing and cross-border trade。
