Soil’s business model validated by local financial regulator
Estonia, Tallinn, June 26, 2023, Chainwire
Soil, a blockchain-based lending protocol, has received confirmation from the local financial markets regulator that their planned operations on the Soil Platform are compliant with the jurisdiction’s regulations. This confirmation is a big step for Soil because it validates its business model assumptions.
Soil is building a self-balancing decentralized finance (DeFi) protocol to bridge the gap between borrowers–traditional businesses / private debt funds–and lenders–stablecoin holders.
Soil will facilitate a debt marketplace where established companies in various industries can raise funds by applying for loans from stablecoin holders.Â
Jakub Bojan, CEO of Soil, said:
“We hired several teams of lawyers from different countries and waited for long weeks to receive official confirmation from the local regulator that the activities planned on our Soil Platform are legal. Despite this great success, we continue to work and do our best to ensure that our project is at the forefront of the cryptocurrency market and is transparent and safe for our partners and investors around the world.”
Soil is prioritizing security on its platform by adapting to current regulations and upcoming changes in the cryptocurrency world, including the EU MICA regulation.
With a strong legal foundation and innovative business model, Soil is well-equipped to launch a lending system. These actions will inspire confidence among investors and potential partners in the DeFi ecosystem.
About Soil
Soil is a blockchain-based lending protocol that bridges the gap between traditional finance and the crypto world, reshaping corporate debt and fixed-income investments. It is a debt marketplace where established companies can obtain financing, and crypto investors can lend their stablecoins to earn yield derived from Real World Assets that exist off-chain. Soil revenue model profits from fees made by connecting lenders and borrowers and arbitrage on the cost of capital.
Contact
Jakub
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