![]() Meld was the first company ever to carry out an ISPO. Olling started Meld in late 2020, and the company launched its ISPO, a new kind of crowdfunding, on July 1, 2021. It already claims close to have about 40,000 token holders for its $MELD tokens. Meld set this fundraising up over a period of months and worked on creating a community of supporters. We are very excited to provide unique financial products and services to our customers in the months to come as Meld tokens become widely-shared across different exchanges.” The ISPO Supporters staked $1 billion for the Meld ISPO. “Offering a way to stake cryptocurrency as collateral against a fiat loan is powerful for so many reasons - not the least of which is sheltering highly-volatile cryptocurrencies from a forced sell during a market bottoming out. “We are excited to offer billions of people a new way to access powerful financial instruments, products and services - but even better and more innovative thanks to the power of the Meld protocol,” said Olling. Meld aims to help them by providing a range of financial tools and solutions built around leveraging cryptocurrency assets as collateral for fiat or crypto-based loans, said Ken Olling, CEO of Meld, in an interview with VentureBeat. ![]() More than two billion people in the world don’t have bank accounts or are so poor they don’t need them. It has created a non-custodial, decentralized lending and borrowing protocol that is aimed at leveling the playing field between financial haves and have-nots. Singapore-based Meld has raised $45 million via the ISPO as well as a separate private token sale. One of the things Meld does is let people use cryptocurrency as collateral for getting loans in fiat (traditional currency such as U.S.
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