ASEAN Finance to be fueled by Venom's Layer-0 Blockchain Proposal

The Venom Foundation has introduced a groundbreaking Layer-0 blockchain initiative, designed specifically for sovereign institutions across the ASEAN region. The aim of this initiative is to establish a compliant and modular financial infrastructure that supports real-time settlements, seamless cross-border payments, and robust on-chain regulatory mechanisms.

This move is positioned as a key step towards strengthening regional economic resilience and modernizing legacy infrastructure through blockchain innovation. The Layer-0 solution by Venom is modular, allowing governments to adopt features individually and at their own pace.

Christopher Louis Tsu, CEO of Venom Foundation, emphasized that the initiative aims to enable governments and institutions to harness next-generation blockchain solutions. The platform is already operational and has been built with the public sector in mind, featuring a unique governance model that merges decentralization with national oversight.

Pilot deployments of the Layer-0 solution have reportedly begun in the Philippines, a significant hub for remittance flows, accounting for nearly 5% of the global total in 2023. The region is forecast to see a significant rise in digital payment activity, potentially reaching 765 billion transactions by 2027.

Beyond stablecoin infrastructure, the system supports real-time regulatory dashboards, identity verification frameworks, and tokenization systems. Asset tokenization can be applied to various assets such as land ownership records or environmental credits like carbon offsets.

The proposal seeks support from central banks in Singapore, Malaysia, the Philippines, and Vietnam, with a more expansive rollout scheduled for 2025. The framework is intended to balance the high availability and speed of decentralized systems with the accountability required in sovereign finance.

Moreover, the platform supports ISO 20022 messaging standards, enabling compatibility with legacy banking infrastructure. Public-sector institutions are allocated partial validation authority to ensure the network's operational efficiency while allowing national authorities to retain control over regulatory functions.

The initiative is scheduled for a broader implementation across the ASEAN region, contributing significantly to the development of a more integrated, efficient, and transparent financial landscape. The Venom Foundation's Layer-0 blockchain initiative is a significant step towards modernizing the region's financial systems and addressing systemic inefficiencies that contribute to heightened risks and elevated operational costs.