Berlin company Velocity Ledger has been approved by the Ministry of Finance of Bermuda for ICO

On April 10th, the Berlin company Velocity Ledger Holdings Ltd was approved by the Ministry of Finance of Bermuda for the ICO to provide working capital to the subsidiaries. The company statement stated that VL tokens can be used to pay for licensing fees for VL technology platforms and services. In addition, VL Financial, one of the VLHL subsidiaries, hopes to launch a digital asset exchange in Bermuda and has applied for a digital asset business license from the Bermuda Monetary Authority.