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Alibaba Backed Latin America Stablecoin Company, Why VelaFi?
Original Title: "Alibaba Invests in Latin American Stablecoin Financial Company"
Original Author: KarenZ, Foresight News
A financial infrastructure platform deeply rooted in Latin America and committed to bridging the fiat and crypto worlds is making a name for itself.
On January 12, VelaFi officially announced the completion of a $20 million Series B funding round. With this round of funding, VelaFi's total funding has exceeded $40 million. This funding amount not only validates the market's confidence in the stablecoin payment track.
Of note, Alibaba Investment, a subsidiary of Alibaba, appeared in VelaFi's investor lineup.
Why Alibaba?
Alibaba Investment is a wholly-owned subsidiary of Alibaba established in the British Virgin Islands in 2000.
As one of the world's largest B2B and B2C e-commerce platforms, Alibaba understands the pain points of cross-border payments—high fees, long settlement periods, and exchange rate fluctuation risks.
Meanwhile, VelaFi's stablecoin infrastructure enables instant, low-cost cross-border settlements. VelaFi's focus on emerging markets like Latin America aligns with Alibaba's key growth regions for AliExpress and Alibaba.com.
Through this investment, Alibaba is likely exploring the use of stablecoin technology to optimize its local payments and merchant settlement experience in emerging markets.
Who Else is Betting on VelaFi?
VelaFi's latest funding round was led by XVC and Ikuyo, with participation from Alibaba Investment, Planetree (an Alibaba affiliate), and existing investor BAI Capital, among others. To date, VelaFi has raised over $40 million in funding.
One of the lead investors, XVC, is a Beijing-based dual-currency (RMB and USD) fund management firm. Its partner, Boyu Hu, has invested in notable companies such as Kuaishou, Weee!, Walnut Programming, and Queen Tea Princess.
The other lead investor, Ikuyo, is a Tokyo Stock Exchange-listed company. This investment is not their first interaction; back in November 2025, when VelaFi entered the Japanese market, they had already formed a strategic partnership to co-organize a stablecoin settlement association, offering exporters and global businesses a more transparent and cost-effective settlement service.
Who is VelaFi?
VelaFi is a part of Galactic Holdings. Galactic Holdings was founded by a Chinese team, with its co-founder and CEO Maggie Wu also serving as the CEO of VelaFi and the founder of the well-known investment institution Krypital Group.
Galactic Holdings owns the cryptocurrency wallet TruBit, the trading platform TruBit Pro, and the enterprise-focused cross-border payment solution TruBit Business. In 2025, the existing enterprise business TruBit Business was officially rebranded as VelaFi.
Currently, VelaFi started in Latin America and has expanded its business to the United States and Asia. VelaFi reports that it has served hundreds of corporate clients to date, processing billions of dollars in payment transactions.
Core Business Model
VelaFi focuses on the B2B market. To ensure compliance, all corporate clients must undergo strict KYC (Know Your Customer) and KYB (Know Your Business) verification before they can access VelaFi's service network.
Its core model can be summarized as follows:
1. Fiat On-Ramp & Off-Ramp
This is VelaFi's core business, aimed at addressing the industry challenge of free conversion between fiat and stablecoins.
On-Ramp: Allows a company's end users to make payments in local fiat currency, with the company receiving an equivalent amount of stablecoin (such as USDT/USDC) or Bitcoin and other assets.
Off-Ramp: The company sends stablecoins to VelaFi, which then uses the local banking network to deposit the funds into the user's bank account in local fiat currency.
2. Global Payments & Cross-Border Transfers
Another service offered by VelaFi is global payment services, facilitating cross-border fund transfers through a "Fiat A to Fiat B" path. For example, a Mexican company can make a payment to a Brazilian supplier. Previously, this required intermediaries, but now, through VelaFi, payment is made in Pesos (MXN), and the recipient receives Reais (BRL).
VelaFi is like an "accelerator" built on top of the traditional banking rails.
Its core advantage lies in deep integration with Latin America's mainstream instant payment systems: Mexico's Bank-to-Bank Electronic Payment System (SPEI), Brazil's Instant Payment System (PIX), Colombia's Payment System (PSE). By linking these traditional payment rails with stablecoin liquidity, VelaFi enables cryptocurrency to land not just on-chain but potentially in cross-border e-commerce, labor outsourcing, and international trade.
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BeatSwap is evolving towards a full-stack Web3 infrastructure, covering the entire lifecycle of IP rights.
BeatSwap, a global Web3 Intellectual Property (IP) infrastructure project, is attempting to overcome the current fragmentation limitations of the Web3 ecosystem, building a full-stack system that covers the entire lifecycle of IP rights.
Currently, most Web3 projects are still in the stage of functional fragmentation, often focusing only on a single aspect, such as IP asset tokenization, transaction functionality, or a simple incentive model. This structural dispersion has become a key bottleneck hindering the industry's scale application.
BeatSwap's approach is more integrated, integrating multiple core modules into the same system, including:
· IP authentication and on-chain registration
· Authorization-based revenue sharing mechanism
· User-engagement-driven incentive system
· Transaction and liquidity infrastructure
Through the above integration, the platform builds an end-to-end closed-loop path, allowing IP rights to complete a full cycle of "creation, use, and monetization" within the same ecosystem.
BeatSwap is not limited to existing crypto users but is attempting to take the global music industry as a starting point, actively creating new market demand. Its core strategies include:
Exploring and incubating music creators (Artist discovery)
Building a fan community
Igniting IP-centric content consumption demand
The current global music industry is valued at around $260 billion, with over 2 billion digital music users. This means that the potential market corresponding to the tokenization and financialization of IP far exceeds the traditional crypto user base.
In this context, BeatSwap positions itself at the intersection of "real-world content demand" and "on-chain infrastructure," attempting to bridge the structural gap between content production and financial flow.
BeatSwap's upcoming core product "Space" is scheduled to launch in the second quarter of 2026. This product is defined as the SocialFi layer in the ecosystem, aiming to directly connect creators with users and achieve deep integration with other platform modules.
Key designs include:
A fan-centric interactive mechanism
Exposure and distribution logic based on $BTX staking
User paths connected to DeFi and liquidity structures
Thus, a complete user behavior loop is formed within the platform: Discovery → Participation → Consumption → Rewards → Trading
$BTX is designed to be a core utility asset within the ecosystem, rather than just a simple incentive token, with its value directly tied to platform activity and IP use cases.
Main features include:
· Yield distribution based on on-chain authorized actions
· Value reflection based on IP usage and user engagement dynamics
· Support for staking and DeFi participation mechanisms
· Value growth driven by ecosystem expansion
With the increased frequency of IP use, the utility and value support of $BTX will enhance simultaneously, helping alleviate the "disconnect between value and utility" issue present in traditional Web3 token models to some extent.
Currently, $BTX has been listed on several mainstream exchanges, including:
Binance Alpha
Gate
MEXC
OKX Boost
As the launch of "Space" approaches, BeatSwap is actively pursuing more exchange listings to further enhance liquidity and global accessibility, laying a foundation for future market expansion.
BeatSwap's goal is no longer limited to the traditional Web3 narrative but aims to target over 2 billion digital music users and a trillion KRW-scale content market.
By integrating content creators, users, capital, and liquidity into a blockchain framework centered around IP rights, BeatSwap is striving to build a next-generation infrastructure focused on "IP tokenization."
BeatSwap integrates IP authentication, authorization distribution, incentive mechanism, transaction system, and market construction to establish a unified structure that bridges the full lifecycle path of IP rights.
With the launch of the Q2 2026 "Space," the project is expected to become a key infrastructure connecting content and finance in the IP-RWA (Real World Assets) track.
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