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MELD Partners with Velmie to Bring the First Banking to Web3

Updated: Jun 20, 2023

One of the main obstacles to driving global adoption of Web3 technology is slow adoption by many traditional banks and financial institutions. MELD, the first DeFi, non-custodial, banking protocol, has chosen Velmie, a Fintech software provider, to bring banking to Web3.

MELD and Velmie have joined forces to launch a banking solution with features and capabilities beyond traditional banking touchpoints and platforms. The solution will be integrated directly with exchanges, smart contracts, digital wallets, and provide key services to improve the Web3 banking experience.

Ken Olling, CEO of MELD, said: “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.”

The companies are building a new type of banking solution and choose a tech stack built with Golang due to its reliability and high-performance characteristics. Because Golang is a relatively new programming language it means the solutions built with it would be contemporary and have less technical debt which is a significant problem in the banking world.

“We are excited to announce the collaboration with MELD. The major goal from our side is to provide a secure, modular, innovative and future-proof software solution that meets the requirements of the ever-changing world of finance and digital currencies. Overall, we are optimistic about the role of alternative assets in facilitating a more globally accessible financial services ecosystem.” - Slava Ivashkin, CEO at Velmie, commented.

About MELD MELD is an open-source, non-custodial liquidity protocol for borrowing fiat and earning yield on deposits. The company was founded in 2021 and is headquartered in Singapore. For more information, visit the website, Twitter and Linkedin.

About Velmie

Velmie is a tech company providing a range of tools and solutions for Fintech businesses. Our mission is to deliver a competitive advantage with cutting-edge technology crafted for specific businesses and markets. With our white-label platform and partner ecosystem we deliver end-to-end solutions for banks, fintechs and payment companies.


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