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10022024 |
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MELD |
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Gediminas Kiveris |
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Opensea |
MELD earns Prestigious RMA™ Certification from VaaSBlock, Setting a New Benchmark in Decentralized Finance.
Vilnius, Lithuania – October 2, 2024 – MELD, the first fully licensed financial institution operating within the decentralized finance (DeFi) space, proudly announces its receipt of the highly coveted RMA™ (Risk Management Authentication) badge from VaaSBlock. This certification marks a monumental milestone for both the organization and the industry, establishing MELD as a leader in achieving comprehensive credibility, transparency, and compliance across both traditional and decentralized financial systems.
Unlike conventional security certifications focusing primarily on technology, the RMA™ is a holistic, blockchain-native certification designed to validate a project’s overall credibility. This includes detailed evaluations of technology and security, business operations, team integrity, regulatory compliance, and governance. MELD’s achievement of the RMA™ badge reflects its commitment to the highest standards of traditional financial governance and decentralized innovation, providing a powerful signal of trustworthiness to investors, regulators, and users alike.
Why the RMA™ Badge is a Transformative Achievement for MELD and DeFi Banking.
The RMA™ certification is more than just a recognition of technical robustness. It serves as a comprehensive testament to a blockchain organization’s operational excellence and overall credibility. For MELD, a fully licensed DeFi financial institution, earning this badge represents a significant endorsement of its integrated approach to regulatory compliance, business integrity, and transparent operations. This accomplishment positions MELD as a model of what’s possible in the DeFi space when regulatory standards are embraced rather than sidestepped. This fact alone makes MELD a game-changing project for DeFI, hopefully triggering a maturing space from more organizations. The RMA™ certification extends beyond traditional security audits, such as Certik’s rigorous review of the MELD token. While these technical evaluations are crucial, the RMA™ audit encompasses broader aspects like governance, legal adherence, and long-term business viability, making it a truly unique certification. For DeFi banks, achieving the RMA™ badge indicates a level of trust and operational soundness.
CEO Perspectives: A New Standard for Trust and Transparency in DeFi.
Gediminas Kiveris, CEO of Meld.fi, reflected on the significance of earning the RMA™ badge: “From the beginning, our goal has been to set the gold standard for integrity and reliability in the DeFi space. While traditional financial institutions are regulated by public regulators such as central banks and also audited by large auditing firms, DeFi services were lacking such standard and we are glad VaaSBlock has come into the market to fill in this gap. This certification reflects our technical expertise, strong regulatory alignment, and our vision to create a trustworthy ecosystem that bridges traditional and digital finance.”
Ben Rogers, CEO of VaaSBlock, expressed his enthusiasm about MELD’s accomplishment: “We are delighted to welcome MELD as the first fully licensed financial institution to achieve the RMA™ badge. Their commitment to integrating traditional finance with decentralized solutions is exemplary, and their dedication to maintaining high standards will inspire other institutions to follow suit. MELD’s success demonstrates that DeFi and compliance can coexist, setting a new benchmark for trust in the industry.”
Earning the RMA™ badge required MELD to demonstrate excellence across multiple facets of its operations, each of which contributes to the strength and credibility of its platform. Key elements that led to this achievement include:
- Regulatory Compliance and Licensing: MELD operates as a fully licensed financial institution, adhering to stringent regulatory requirements that ensure complete transparency and accountability in all of its services. This level of compliance is critical as the DeFi space matures and regulatory scrutiny intensifies.
- Comprehensive Security Audits: MELD token, built on the Avalanche blockchain, underwent a thorough audit by Certik. The audit validated that the token meets the highest standards of smart contract security, mitigating potential vulnerabilities and ensuring robust performance.
- Business and Governance Excellence: MELD’s cutting-edge platform enables users to seamlessly swap between fiat and cryptocurrencies, all while maintaining strict security protocols and adherence to international regulations. The scalability and reliability of this ecosystem were key factors in the RMA™ evaluation, highlighting its operational viability in a rapidly growing market.
- Innovation in Merging Traditional and Decentralized Finance: MELD’s success lies in its ability to harmonize the benefits of decentralized finance with the reliability of traditional financial infrastructure. This pioneering approach not only distinguishes the platform but also sets the stage for the next evolution of global finance.
Looking ahead, MELD is poised to further elevate its industry leadership by implementing VaaSBlock’s RMA™ API upon its release. This integration will enable real-time transparency on the projects that have earned the prestigious RMA™ certification, allowing users and investors to easily verify which token projects have gone above and beyond.
The Broader Implications of MELD’s RMA™ Certification: Trust in DeFi Banking.
For the DeFi sector, MELD’s RMA™ certification marks a pivotal moment. It paves the way for other financial institutions to explore decentralized technologies while maintaining rigorous standards of security, governance, and transparency. In an industry often characterized by volatility and unpredictability, the RMA™ badge serves as a powerful signal of credibility—something that both users and regulators desperately seek.
MELD’s certification demonstrates that it is possible for decentralized platforms to thrive while meeting the same level of scrutiny traditionally applied to financial institutions. This convergence of innovation and compliance will undoubtedly play a key role in reshaping the financial ecosystem and building a foundation of trust for the future of decentralized finance.
About MELD:
MELD is the world’s first global on-chain neobank powered by blockchain. Bringing fiat currencies like (25+ including USD and EUR) and crypto currencies (1000+ BTC and ETH) together in one seamless wallet supporting more than 80 countries. MELD makes it easy to navigate between these two worlds and get the best out of both. From generating a yield on your crypto to debit cards and business accounts, MELD brings fundamental banking services to everyone.
The MELD blockchain powers more than just the MELD Neobank, with a non-custodial lending and borrowing protocol and more than 30 businesses building on MELD. Users interact with all of this through the MELD web and Mobile apps helping people and businesses take full advantage of both their crypto assets and fiat assets.
About Vaasblock:
VaaSBlock is a global leader in blockchain credibility, setting the standard for trust and accountability. Through the RMA™ certification, VaaSBlock offers businesses a robust framework for proving their integrity and reliability to investors, regulators, and users worldwide. To learn more about the RMA™ badge and its impact on the Web3 space, visit vaasblock.com.
