Earlier this week, New York startup LiquidX announced a multi-year funding from Broadridge Financial, which becomes its biggest investor. LiquidX is a trade finance platform that launched a digital asset blockchain solution InBlock in August. As a company, it says it has processed more than $100 billion in “cash management activity” since inception.
LiquidX has two main solutions. The primary one is LiquidX360, which targets corporate treasurers to offer accounts receivable and supply chain finance combined with trade credit insurance. It doesn’t use blockchain. The other is InBlock for digitizing invoices and purchase orders. What’s different from some other trade finance platforms is the focus is very much on the corporate treasurer, although banks obviously participate.
In terms of the Broadridge announcement, the financial technology company with a market capitalization of more than $16 billion, also provides operational services to LiquidX. This includes payment processing, account reconciliation, back-up services and global operational scalability. The relationship between the two companies has existed for some time.
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.
