XinFin Partners With Tradeteq to Tokenize Trade Finance Into NFT By CoinQuora
- Tokenized trade finance products will be available via XinFin – Tradeteq partnership.
- The first transaction was initiated by Accelerated payments on September 20, 2021.
Tokenized trade finance products will be available through Tradeteq’s partnership with Singapore’s exchange inFinite (XinFin) to institutional investors, and the first transaction has been completed. In a landmark for trade finance, the transaction’s first complete end-to-end transactions adhere to a unique set of standards and guidelines.
Tradefeq uses the enterprise-grade Blockchain technology of XDC Network to transform trade finance assets that they repackage, distribute and convert into non-fungible tokens. Institutional investors can purchase and sell tokens representing off-chain assets. This gives the token holder legal ownership rights over the off-chain asset.
Accelerated payments, which is a provider of invoice financing, initiated the transaction on September 20, 2021. The
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.