News
Tradeteq, a World Economic Forum member, has selected the XDC Network to launch TRADA Tokens, the first ever fully regulated, trade finance-backed fungible security tokens. The move is expected to deliver significant liquidity to the trade finance sector by securitizing a traditionally illiquid asset class on the XDC Network – a public, decentralized blockchain.
The collaboration represents the next evolution in the Tradeteq and XinFin partnership, which first introduced trade finance-based non-fungible tokens (NFTs) for institutional investors in September 2021. Like the TRADA launch, the NFT offering used XinFin’s XDC Network to transform trade finance assets into a non-fungible token, which Tradeteq re-packaged and distributed to investors.
By using fungible security tokens with concrete collateral (TRADA), Tradeteq begins the process of ramping up on-chain transaction volume of regulated, real-world assets and extends access to the trade finance market to both retail and...
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