Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Soil’s Decentralized Credit Protocol Achieves Over $2M in TVL

Published 04/04/2024, 09:00 AM
Updated 04/04/2024, 09:30 AM
Soil’s Decentralized Credit Protocol Achieves Over $2M in TVL

Estonia, Tallinn, April 4th, 2024, Chainwire

Decentralized credit protocol Soil has ambitions to reshape the global investment and stablecoin yield generation landscape. With its unique blockchain-based infrastructure, the recently-launched protocol provides seamless access to the lucrative Real World Asset (RWA) market, catering to both institutional investors and individual participants.

Soil’s recent milestones and strategic partnerships underline its readiness to capture, in particular, a share of the $14 trillion corporate debt market. Last October, the protocol conducted a successful Initial DEX Offering (IDO) during which it raised over $800,000 across three launchpads, after which the $SOIL token debuted on two centralized exchanges, Gate.io and MEXC, and leading DEX Uniswap. Since its public launch on January 11, Soil has seen Total Value Locked (TVL) cross the $2 million mark.

“We are excited about bridging the TradFi and DeFi worlds, and proud to offer an unprecedented level of access and security in RWA investments,” said Jakub Bojan, CEO of Soil. “Our cutting-edge protocol is designed to meet the highest standards of regulatory compliance and scalability, ensuring that we are well-positioned to lead this exciting financial revolution.”

Private Debt experienced executive team boasts a track record of managing over $1 billion in private debt, with expertise in both technology and finance. The team has created a protocol that functions as a debt marketplace, facilitating connections between lenders and borrowers (including corporate borrowers) and generating revenue through the arbitrage of the cost of capital.

The protocol’s innovative approach to decentralized credit and investment is not just a technological advancement, it’s a complete reimagining of how individuals and institutions engage with the lucrative global debt market. With its robust platform and strategic alliances, Soil is poised for significant growth in the burgeoning field of blockchain-based financial solutions.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

About Soil:

Soil is a decentralized credit protocol offering global access to Real World Asset investments and secure yield on stablecoins. Combining regulatory compliance with high scalability, Soil caters to both institutional investors and individuals, bridging the gap between traditional finance and decentralized finance.

Website | X | Telegram | Discord | LinkedIn | Coinmarketcap | Coingecko

ContactJakub Bojancontact@soil.co

This article was originally published on Chainwire

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.