Crypto-friendly bank MELD plans to offer a tokenized RWA lending product 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. （CoinDesk）

Odaily Planet Daily News Ken Olling, founder and CEO of Cardano-based lending agreement MELD, refuted rumors about leaving the Cardano ecosystem and clarified the next important milestone of the product. According to Ken Olling, MELD is building its own Layer 1 sidechain in parallel with Cardano-based services. Currently, the team is undergoing a third-party security audit of its technical design organized by Vacuum Labs. Namely, researchers are stress testing MELD’s multisig on Cardano (ADA). Additionally, it said it will work directly with Input Output Global, one of the entities behind Cardano.

Jinse Finance reported that Ken Olling, the founder and CEO of MELD, a lending agreement on Cardano, refuted rumors about leaving the Cardano ecosystem and clarified the next important milestone of the product. According to Ken Olling, MELD is building its own Layer 1 sidechain in parallel with Cardano-based services. Currently, the team is undergoing a third-party security audit of its technical design organized by Vacuum Labs. Namely, researchers are stress testing MELD’s multisig on Cardano (ADA). Olling also emphasized that his team works directly with Input Output Global, one of the entities behind Cardano.