Tradeteq, a trade finance technology specialist, said he chose the XDC network to launch the TRADA token. It is called “the first fully regulated, trade finance-backed fancy security token.”
According to a news release on Monday (July 25), Tradeteq has “significant liquidity” in the trade finance sector by securitizing asset classes that are normally illiquid in the XDC network (public decentralized blockchain). I look forward to the move to provide.
The company says the collaboration is the latest in a long-term partnership between Tradeteq and XinFin, which debuted a trade finance-based non-fungible token (NFT) for institutional investors last September. ..
“By using a concrete secured Fangible Security Token (TRADA), Tradeteq has begun the process of increasing the volume of transactions on the chain of regulated real-world assets for private and institutional investors. We will expand access to both trade and financial markets, “said the company. Said.
Tradeteq co-founder and CFO Nils Behling said launch was an important step in the “democratization” of trade finance, traditionally in the realm of banks and large institutional investors.
It is also a difficult area to invest in because “barriers to entry are high, such as low beneficiary visibility, lack of collateral levels, complex regulations and supply chain procedures,” the company said.
Read more: Tradeteq debuts new marketplace for trade finance investors
“We can overcome these obstacles by subdividing and tokenizing a pool of repackaged and securitized trade financial assets on the XDC network,” said XDCTEQ. At the same time, this offering provides SMEs with new access to financing.
Earlier this month, Tradeteq debuted Tradeteq Access Lite, a market for investors to practice secondary trading of trade financial assets.
The release states that more than 40 members of the Trade, Finance and Distribution Initiative (TFDI) have joined the platform. TFDI is a membership consisting of the largest number of banks and asset managers in the world and sets the standard for global trade and financial distribution.
At that time, the market for trade financial assets was projected to be worth $ 10 trillion by 2027, according to Tradeteq, but the lack of a secondary market has locked out many potential investors. Tradeteq aims to bring trade finance into a liquid asset class by building such a market.
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