As per the latest news on Aug 18, 2021, XinFin's XDC Network, a greatly interoperable, hybrid blockchain platform that holds up global trade and finance, is honored to have been selected as the first blockchain company to assist global Trade Finance Distribution (TFD) Initiative, an institute of trade originators, credit insurers, and institutional funders focused on an agenda to improve automation and transparency in trade resources and risk distribution.
As far as the concern about the addition of XinFin's XDC Network in the TFD platform, the decision was taken by fintech expert André Casterman, who possess a sound track record of more than 20 years at SWIFT, handling several technology advancements in between inter-bank payments, corporate payments, corporate treasury, and trade finance. Casterman is also liable for leading the TFD Initiative.
Casterman, who is also positioned as Chair of the Fintech Committee at the International Trade and Forfaiting Association (ITFA) explained while undertaking XDC Network, “TFD holds vital importance in offering an inclusive set of trade distribution capabilities. We invite XinFin's XDC Network to TFD Initiative as this empowers us to fill the US$19 trillion trade finance asset class with any type of financier through tokenization and digital assets.”
