As per the latest news, Tradeteq, a World Economic Forum, has considered the XDC Network to introduce its TRADA Tokens, the first ever fully regulated, trade finance-backed fungible security tokens. This initiative is expected to bring vital liquidity to the trade finance sector by securing a conventionally liquid asset class on the XDC Network - A public, decentralized location.
The association addresses the next high-quality development in the Tradeteq and XinFin partnership that first launched trade finance-based non-fungible tokens (NFTs) for institutional investors in September 2021. Similar to TRADA’s introduction, the NFT offerings leveraged XinFin’s XDC Network to transform the trade finance assets into non-fungible tokens, which Tradeteq re-bundled and dispersed to investors.
By utilizing fungible security tokens with concrete collateral (TRADA), Tradeteq gears up the process of accelerating on-chain transaction volume of regulated, real-world assets as well as enlarges access to the trade finance market to both retail and institutional investors. Earlier, Tradeteq’s Access Lite supported secondary trading of trade finance assets. It was the very first marketplace for buy-side investors willing to participate in secondary trading.
Read more: https://www.emeriobanque.com/news/tradeteq-selected-xdc-network-to-launch-trade-trada-tokens
