On Monday, trade finance startup Tradeteq announced plans to launch TRADA Tokens, regulated security tokens backed by trade finance receivables. The fungible asset-backed tokens will be launched on the XDC public blockchain founded by XinFin, which focuses on trade and trade finance. In September last year, Tradeteq collaborated with XinFin to issue non-fungible tokens (NFTs) backed by trade finance assets.
“By investing in trade finance, which historically has been restricted to banks and larger institutional investors, private investors can now invest in the real economy,” said Nils Behling, CFO and co-founder at Tradeteq.
Earlier this month, the company launched Tradeteq Access Lite to enable buy-side investors to participate in the secondary market for trade finance assets. That offering does not use blockchain.
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