Skip to content
An official website of the Velocity Interoperability Network

Press Release

Advance Contributions Received from Thirty-One Founding Members

Office of the Spokesperson

Five stacks of copper and brass coins on a white surface
Photo: Ibrahim Rifath

Thirty-one of the forty-two member organisations of the Velocity Interoperability Network paid their transitional contribution in advance of establishment. The advance contributions, totalling 11,550,000 credits, were received into the common fund between 17 August and 5 September 2026 and are recorded in the opening statement of financial position published on the Accounts page of this site.

The remaining eleven contributions, totalling 2,940,000 credits, fall due on 30 September 2026. Members that have not yet paid have been sent a reminder stating the amount due and the account to which it is to be paid. No member is in arrears.

The Department thanks the founding members for their prompt payment, which allowed the departments of the Network to be established with their first four months of expenditure already funded. A register of the contributions received, summarised by contribution band, is published on the Member Contributions page and will be updated within thirty days of 30 September 2026.

← Back to the Newsroom