MELD
Web3 Neobank
Crypto banking platform to bring traditional finance and DeFi together.
One of the main obstacles to driving global adoption of Web3 technology is slow adoption by many traditional banks and financial institutions. Bringing traditional finance and decentralized finance (DeFi) together poses a number of challenges such as regulatory uncertainty and security concerns. Merging these two worlds and handling different asset types, partnerships, and efficient back-office work, while meeting client needs, requires robust, secure, scalable and modern tech.
Story
MELD is the first decentralized and non-custodial liquidity protocol for borrowing fiat against your crypto assets and earning yield on deposits. The goal of Velmie and Meld’s collaboration was to launch a Web3 neobank solution with features and capabilities beyond traditional banking touchpoints and platforms that will be integrated directly with exchanges, smart contracts, digital wallets, and provide key services to improve the Web3 banking experience. This required Velmie modular, innovative, and future-proof software technology to meet the demands of the world of finance and digital currencies.
Solution
Velmie helped MELD to build a groundbreaking platform harmonizing traditional finance and decentralized finance. As a non-custodial DeFi protocol, it offers a suite of services such as cross-chain lending, borrowing, and staking on the blockchain supporting leading blockchains as well as integrated fiat banking. The solution brings two worlds together under the principles of a trustless, secure and decentralized ecosystem with a DeFi lending and borrowing protocol connected by a multi-chain wallet to a Web3 Neobank.
Operating under regulatory standards, MELD Neobank ensures the secure management of fiat currencies, providing reliable financial services and supporting seamless transitions between crypto and fiat assets.
Bridging traditional banking with DeFi and Blockchain
“MELD is bringing alternative assets and fiat solutions together, we need partners with both experience in these areas and the ambition to take on such challenges. We expect that our collaboration with Velmie will yield a new type of hybrid banking solution; part traditional finance and part blockchain.”
Ken Olling,
CEO at MELD
Features
Crypto & fiat
accounts
Debit
card
Payment
processing
Direct deposit &
bill pay
Fiat
lending
Asset
management