World Crypto Global
Crypto Bank Meld Expands Offerings with Tokenized Real-World Assets
The Lithuania-licensed crypto bank Meld plans to offerreal-world assets in partnership with the decentralized finance (DeFi) platform SwarmMarkets. This offering, which targets retail crypto investors, aims todemocratize access to traditional asset classes within the crypto space.
Transforming Real-World Assets
According to a report by Coindesk, Meld intends tointroduce on-chain lending and borrowing services for tokenized assets. Thisservice will enable retail investors to leverage their existing holdingsagainst crypto assets like Bitcoin.
Besides that, the crypto bank plans to introducecross-asset margining opportunities previously inaccessible throughconventional means. Recently, Meld secured a virtual asset service providerlicense in Lithuania, paving the way for its compliance with the Market in Crypto Assets regulations within the European Union.
News just in! Today, Swarm and @onMELD signed an MoU to catalyze retail investor adoption of #tokenized #RWAs MELD is a pioneering crypto bank that has just obtained its Virtual Assets Service Provider (#VASP) license in the EU The partnership will give pic.twitter.com/lPwEQvGVL2
Swarm (@SwarmMarkets) March 20, 2024As the crypto banking sector continues to evolve,there is a growing demand for financial services bridging the digital assetspace and the traditional financial sector. Meld has reported more than 75,000prospective sign-ups for the new offering.
Real-world assets like real estate and commodities aregaining prominence within the DeFi ecosystem. Tokenization, the process ofcreating digital tokens backed by physical assets, has democratized investmentopportunities by fractionalizing traditionally illiquid assets like properties. This innovation allows investors to diversify theirportfolios and participate in digital asset ownership without the constraints of heftycapital requirements.
Regulatory Compliance and Market Expansion
According to a recent report by Finance Magnates,platforms like Mintlayer are spearheading the tokenization of real-worldassets, offering practical features to streamline the creation and managementof security tokens.
Despite regulatory uncertainties and securityconcerns, Mintlayer aims to bridge the gap between traditional finance andDeFi, providing a secure and compliant asset ownership and trading platform.
Real estate tokenization has numerous benefits tothe DeFi space. For instance, fractional ownership allows investors to diversify theirholdings across multiple properties, mitigating risks while preserving the value of their assets. Moreover, tokenization enhances accessibility andliquidity, making real estate investment more inclusive for investors.
This article was written by Jared Kirui at www.financemagnates.com.
