Meld Partners with Swarm to Offer Lending and Borrowing Against Tokenized Real-World Assets

According to CoinDesk, crypto-friendly bank Meld plans to offer lending and borrowing against tokenized real-world assets (RWAs) to retail investors. The bank has signed a memorandum of understanding with decentralized finance (DeFi) platform Swarm Markets. Swarm, licensed in Germany by financial regulator BaFin, launched a permissionless RWA trading platform in December last year. Meld will use Swarm's platform to provide on-chain lending and borrowing for these assets, opening up cross-asset margining opportunities for retail investors that are not available through traditional methods. The partnership with Meld could see a large retail user base access tokenized RWAs through a licensed banking service. Meld recently secured its virtual asset service provider (VASP) license in Lithuania, which should make it easier for the bank to obtain equivalent licenses in other European Union member states, thanks to the Market in Crypto Assets (MiCA) regulation. Tokenized RWAs, which include trading of traditional asset classes such as stocks, bonds, and real estate on blockchains, are expected to become a multitrillion-dollar business in some quarters of the crypto industry. Meld has had 75,000 prospective customers sign up for early access to its platform.

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