Name Velasco Type Surname (from given name) Usage Filipino, Spanish Edit Status Status Added 9/8/2013 by Fanny Edited 2/18/2019 by Sofia Meaning & History From the medieval given name VELASCO or BELASCO formed with Basque bel "raven" combined with the diminutive suffix -sco. In some cases possibly a habitational name from any of various places in Logroño, Soria, and Seville provinces named Velasco.