Singapore blockchain startup dltledgers has launched SmartFin to enable micro, small and medium enterprises (MSMEs) to access trade finance from alternative financers as opposed to banks. Four hundred companies have already signed up, according to dltledgers.
Dltledgers already has a blockchain solution that has provided several billion in financing by banks such as Standard Chartered and DBS, particularly for the commodities sector.
The SmartFin solution is similar to fellow Singapore blockchain trade finance startup Triterras, which also accesses alternative sources of finance. Nasdaq listed Triterras was valued at more than a billion dollars at one point but is now worth less than $400 million.
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.
