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Global Trade Review: Tradeteq launches trade finance-backed tokens on XDC blockchain

Tradeteq, a technology provider for trade finance asset distribution, has launched what it says is the first-ever fully regulated, trade finance-backed fungible security token on the XDC blockchain network.

Originally launched in 2018, Tradeteq’s platform enables originators to package trade finance products into standardised investments that can be bought and sold through private distribution networks and settled like common fixed income products. The fintech’s core business has been the bank to capital market channel, which involves the repackaging of open account instruments into fungible notes that can then be sold to entities such as fund managers, insurers and investors.

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