Tradeteq Joins Hands With XinFin Group on Trade Finance NFT

 As per the latest reports, Tradeteq, a technology service provider for trade finance asset distribution has completed its most-talked world’s first trade finance-based non-fungible token (NFT) transaction, on Singapore-based eXchange inFinite’s (XinFin) XDC network.

This aforesaid new transaction took place with Accelerated Payments, a Dublin-headquartered invoice finance company as the asset originator. During executing the transaction, the trade finance assets were transformed into NFTs by leveraging the XDC network’s blockchain technology. This enables the institutional financial backers to purchase and sell the tokens that demonstrate the value of an off-chain asset as well as provides the token holders with the lawful entitlement.


Accelerated Payments Founder and CEO Ian Duffy said in the report, “The joint effort between XinFin, Tradeteq, and Accelerated Payments ensures a complete & transparent chain from investors to the beneficiary of funding with reliability and liquidity. This significant step highlights the ability to separate the invoice discounting industry and construct ways for facilitating access to a broader range of finance providers and beneficiaries, offering a platform that can scale globally.”

Read more: https://ngulminthanglhangh.wixsite.com/ngulminthanglhanghal/post/tradeteq-joins-hands-with-xinfin-group-on-trade-finance-nft

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