As part of the Singapore Fintech Festival, Amazon is involved in a blockchain tokenization simulation in collaboration with stablecoin firm StraitsX and NTT Digital.
Typically Amazon Marketplace sellers receive payments every 14 days, but it can stretch to 90 days under certain circumstances. These sellers account for the majority of Amazon sales. The simulation involved tokenizing these receivables and placing them on an exchange where lenders can buy them at a small discount. This kind of tokenized trade finance would allow the marketplace sellers to receive money faster.
In the simulation, those sellers receive the StraitsX XSGD stablecoin wrapped as Purpose Bound Money (PBM). The wrapper can include conditions for the money’s usage or simply ensure compliance with regulations such as KYC.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
