Matthew Averay, Managing Director & CEO at Enegra, commented, "Enegra tokenized its equity (EGX security tokens) to improve liquidity. As such, MELD will support the EGX token and its permissioned state across the ADAmatic bridge. To achieve this, Enegra will be providing access to its Polygon-based EGX token to be wrapped on the Cardano Blockchain and used as collateral on the MELD protocol. Integration of the MELD protocol into the Enegra ecosystem will be able to leverage the value of up to $13B US, resulting in lending and borrowing opportunities for those who want to earn interest on their latent crypto or fiat currencies. EGX holders will be able to lend their EGX tokens as collateral using the MELD protocol and borrow assets such as ADA, mETH, mBTC, and even fiat currencies such as USD and EUR. Through this, EGX token holders will be able to use their EGX tokens on the MELD protocol as collateral to borrow both fiat and cryptocurrencies.ĮGX token holders can provide liquidity into MELD's EGX lending markets and investors are able to purchase EGX through. (Kuala Lumpur) to create a unique DeFi application based on a credit security token market for borrowing fiat and cryptocurrencies against security tokens. 12, 2022 (GLOBE NEWSWIRE) - MELD (Singapore) today announced it has been working with Enegra Group Ltd.
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