Crypto-friendly bank MELD plans to offer tokenized RWA lending products to retail investors soon. A spokesperson for the bank informed via email that it has partnered with the eponymous L1 blockchain and signed a memorandum of understanding with DeFi platform Swarm Markets.
Last December, Swarm, which was licensed by German financial regulator BaFin, launched a license-free RWA trading platform. MELD leverages Swarm’s platform to provide on-chain lending services for these assets, providing retail investors with cross-asset margin opportunities that are currently unavailable through traditional methods.
MELD recently obtained a Virtual Asset Service Provider (VASP) license in Lithuania and, in theory, the bank is expected to obtain corresponding licenses in other EU member states due to the EU’s Market in Crypto-Assets (MiCA) regulations. (CoinDesk)