Soil Achieves Compliance with Estonian Regulator, Paving the Way for DeFi Confidence

By Lola Coin Jun 26, 202359Views

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Blockchain-based lending platform Soil has announced that it has achieved compliance with Estonia’s local financial markets regulator, marking a significant milestone for the startup. Soil has developed a decentralized finance protocol that aims to connect borrowers and stablecoin holders, allowing borrowers to obtain financing using tokenized collateral. Lenders who pledge capital to Soil’s marketplace will earn a competitive yield on their stablecoins. The platform’s revenue comes from fees earned by connecting borrowers to lenders. Soil’s compliance with Estonian regulations validates its business model, according to CEO Jakub Bojan. The company has prioritized security and compliance, positioning itself for the EU’s upcoming MICA regulation, which aims to protect consumers investing in digital assets. Soil believes its legal support and innovative business model will inspire confidence in the DeFi ecosystem among investors.

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