XDC Trade Network Revolutionizes Trade Finance with Electronic BL Conversion and Capital Provision. https://lnkd.in/dPHAV5gN We're thrilled to announce a significant milestone in the world of trade finance! XDC Trade Network has successfully converted paper Bills of Lading (BL) into electronic BL (eBL) through an innovative solution using TradeTrust in close cooperation with our ecosystem partners. In addition to this remarkable accomplishment, we've provided essential capital support for this trade transaction. Key Achievements: 👉 Converted a paper BL to eBL on TradeTrust using DocuTrade and safely stored it with an MAS-regulated custodian in Singapore. 👉 Tokenized and fractionalized the eBL for the shipper. 👉 Capital provisioning against fractionalized eBL for the shipment's 7-day duration. This is the first transaction over XDC Trade Network showcasing how liquidity can be availed by tokenizing real-world assets. The shipper, TradeFlow Capital, was able to raise liquidity as soon as the ship sailed, providing them with a cash flow of 7 days (transit time) and streamlined transaction processes with digitally created trade documents. This is an exciting development in the world of trade finance, showcasing the power of digitalization and collaboration among ecosystem partners. Learn more about this game-changing achievement by reading the full press release: https://lnkd.in/dPHAV5gN #TradeFinance #BillsofLading #GlobalTrade #ExportFinance #ImportExport #SupplyChainFinance #TradeCredit #Fintech #TradeSolutions #TradeEcosystem #CrossBorderTrade #IMDA #Tradetrust #ICC TradeFlow Capital Management Tom James John Collis Jose Manuel Lopez-Arenas Soeren Duvier IMDA ICC United Kingdom World Trade Organization XDC Trade Network Propine ITFA André Casterman Yodaplus XinFin Powering XDC Network XDC Foundation Atul Khekade Ritesh Kakkad Sunil Senapati André Casterman Chen Shanlong Saloi B. Sean White Tadashi Yoshida Surath Sengupta
XDC Trade Network
International Trade and Development
Unlocking Global Trade with XDC Trade Network: Empowering Seamless Transactions and Unparalleled Efficiency.
About us
XDC Trade Network is a complete suite of dApps on XDC Network that aims to redefine the global trade finance Industry by digitalising the entire process. Working closely with its solution eco-system partners it promises to deliver the following – - Interoperability of MLETR solutions - Funding for trade documents developed on a MLETR compliant solution It is built by linking proven utilities such as MLETR framework, Legacy and new Payment solutions, Tokenisation, Custodian Services & other echo-system partners across the blockchain universe. Eco system components: - Trade asset tokenisation platform o Tokenisation greatly speeds up transactions and increases efficiency by ensuring all parts of a transaction co-occur, in atomic settlement. o Provides control of real-world assets and the blockchain footprint by a full legally compliant process (Lock & Mint /Burn and release). This ensures that there is no “double spent” on any asset. o KYC service providers interface for ensuring KYC/AML/CTF screening of all participants (Lenders and borrowers) o KYT service providers interface by validating the data so that TBLM/Sanctions etc can be checked - TradeFineX Portal o Platform that provides SMEs to post their financing needs & submit bonafide supporting trade documents in a secured way o Lenders verify the borrower's credentials & documentation. Request for on-chain collateral if required to assess the creditworthiness of the borrower - TradeTrust Integration o Seamless integration with TradeTrust (IMDA backed & MLETR compliant) public utility built on Open attestation framework. o Ability to verify documents and transfer title of the assets represented by negotiable documents o Atomic swap of funds & title ownership using smart contracts, thereby building trust without centralised control. - Integration with regulated Custodian o Fund transfers happen thru custodians only
- Website
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http://xdctrade.network/
External link for XDC Trade Network
- Industry
- International Trade and Development
- Company size
- 2-10 employees
- Type
- Partnership
- Founded
- 2023
- Specialties
- trade, finance, MLETR, blockchain, international trade, Trade Finance, and xdc network
Employees at XDC Trade Network
Updates
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Join us at an upcoming event on "From Paper to Digital: Transforming Trade with Electronic Bills of Lading". 🚢 We are thrilled to announce that Sunil Senapati, CEO of XDC Trade Network, will be speaking alongside esteemed delegates to explore the future of trade digitization. This event will focus on the transformative power of electronic bills of lading (eBL), unlocking new efficiencies in global trade and reducing reliance on paper-based systems. 📅 Date/Time: 17th October at 3.30pm to 6pm (Registration starts at 3pm) 📍 Location: Hinrich Foundation Office, Singapore 📝 Topic: The shift from paper to digital, and how blockchain technology is driving this evolution in trade finance. 🎫 Register Here: https://lnkd.in/d-DBdJaD #TradeFinance #Blockchain #XDCNetwork #DigitalTransformation #eBL #PaperlessTrade #Innovation #Singapore #XDCTradeNetwork #SunilSenapati #TradeRevolution International Chamber of Commerce , ITFA, IMDA, World Trade Organization, BAFT (Bankers Association for Finance and Trade), Digital Container Shipping Association (DCSA), FIATA International Federation of Freight Forwarders Associations , Atul Khekade, Ritesh Kakkad, André Casterman, Sunil Senapati, Propine , Yodaplus, Credore™️, DocsonBlocks, XinFin Powering XDC Network, XDC Foundation, TradeFinex, United Nations, BIMCO, Global Trade Review (GTR), Asian Development Bank (ADB), DigiChain Innovations, BlockPeer, Hinrich Foundation , XinFin Powering XDC Network , SGTraDex,
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Curtain down at GTR Singapore and yet another great event bringing industry leaders together. Inspiring new ideas, innovation through collaboration shaping the future of cross-border trade. Many thank for delegates visiting our booth! For updates on our offering please visit https://lnkd.in/dXdt9vvy We are looking forward to the exciting opportunities ahead! 🚀 #GTRAsia #ICCDSI #XDC #XDCTradeNetwork #DigitalTrade #WTO #TradeDigitalization #TradeInnovation #GlobalTrade #TradeTechnology #FintechInnovation #GTRAsia #Singapore #TradeFinance #Treasury #CommodityFinance #BusinessNetworking #TradeLeadership International Chamber of Commerce , ITFA, IMDA, World Trade Organization, BAFT (Bankers Association for Finance and Trade), Digital Container Shipping Association (DCSA), FIATA International Federation of Freight Forwarders Associations , Atul Khekade, Ritesh Kakkad, André Casterman, Sunil Senapati, Propine , Yodaplus, Credore™️, DocsonBlocks, XinFin Powering XDC Network, XDC Foundation, TradeFinex, United Nations, BIMCO, Global Trade Review (GTR), Asian Development Bank (ADB), DigiChain Innovations, BlockPeer Damian Kwok Parsan Chand Kevin CHAN Kalyan Basu Srinath Keshavan Shankar T S
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It was a busy Day 1 at #GTRAsia! Thanks to everyone who stopped by to learn about our trade finance solutions. Catch us tomorrow for more insights! Event Details: 📌 : Booth #34 - Marina Bay Sands Convention Centre, 10 Bayfront Ave, Singapore 📆 : Sept 3 - 4, 2024 #DigitalTrade #GTRAsia #ICCDSI #XDC #XDCTradeNetwork #DigitalTrade #WTO #TradeDigitalization #TradeInnovation #GlobalTrade #PolicyImpact #TradeTechnology #FintechInnovation #GTRAsia #Singapore #TradeFinance #Treasury #CommodityFinance #BusinessNetworking #TradeLeadership International Chamber of Commerce , ITFA, IMDA, World Trade Organization, BAFT (Bankers Association for Finance and Trade), Digital Container Shipping Association (DCSA), FIATA International Federation of Freight Forwarders Associations , Atul Khekade, Ritesh Kakkad, André Casterman, Sunil Senapati, Propine , Yodaplus, Credore™️, DocsonBlocks, XinFin Powering XDC Network, XDC Foundation, TradeFinex, United Nations, BIMCO, Global Trade Review (GTR), Asian Development Bank (ADB), DigiChain Innovations, BlockPeer, TASConnect, Vayana TradeXchange , M1xchange and Yodaplus
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XDC Trade Network is thrilled to announce our presence at GTR Asia - Trade, treasury, commodities and fintech conference. Event Details: 🗺 Location: Marina Bay Sands Convention Centre, 10 Bayfront Ave, Singapore. 📅 Date: September 3 - 4, 2024 📍 Booth: #34 🌐 Link: https://lnkd.in/gS9Sx6ze We're inviting all delegates to visit our booth to discover how we are revolutionizing the digitization of trade documents, providing enhanced liquidity and how we are making faster Trade Finance settlement. Don't miss this opportunity to learn more about our innovative solutions! ---------------------------------------------------------------------- #GTRAsia #ICCDSI #XDC #XDCTradeNetwork #DigitalTrade #WTO #TradeDigitalization #TradeInnovation #GlobalTrade #PolicyImpact #TradeTechnology #FintechInnovation #GTRAsia #Singapore #TradeFinance #Treasury #CommodityFinance #BusinessNetworking #TradeLeadership International Chamber of Commerce , ITFA, IMDA, World Trade Organization, BAFT (Bankers Association for Finance and Trade), Digital Container Shipping Association (DCSA), FIATA International Federation of Freight Forwarders Associations , Atul Khekade, Ritesh Kakkad, André Casterman, Sunil Senapati, Propine , Yodaplus, Credore™️, DocsonBlocks, XinFin Powering XDC Network, XDC Foundation, TradeFinex, United Nations, BIMCO, Global Trade Review (GTR), Asian Development Bank (ADB), DigiChain Innovations, BlockPeer.
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Join us at the GTR Asia - Trade, treasury, commodities and fintech conference on September 3 - 4, to be held at Singapore.
💡Is the industry finally moving from standards to adoption? Though official deliberations at the WTO ministerial meeting (MC-13) held in the UAE earlier this year were disappointing in the eyes of some, the wider picture is that years of unanimous calls, clear consensus and collective efforts on the benefits of increased digitalisation of trade amongst business, policymakers and technology leaders are now starting to yield results. In collaboration with International Chamber of Commerce DSI, join experts Sharon Voon (Bank of America), Sunil Senapati (XDC Trade Network), Avanee Gokhale (Swift ), Joshua Kroeker (Mitigram), Carlos Teixeira (Finastra) and Kalyan Basu (Vayana TradeXchange) at GTR Asia in #Singapore, as they share key insight and survey the landscape and determine whether things are moving in the right direction. Join over 1,200 #trade, #treasury, #commodity and #fintech representatives on #September 3-4 for the opportunity to hear around 20 in-depth discussion and build new business relationships within the #tradefinance community. 🎙️ View the event programme: https://lnkd.in/eV-qvRKD 👉 Register to attend (get 10% off): https://lnkd.in/eqpPeXTW 📅 Add to calendar: https://lnkd.in/eXxPU7w7 🤝 Join the online event community: https://lnkd.in/eeSdMDVx #GTRAsia #ICCDSI #DigitalTrade #WTO #TradeDigitalization #TradeInnovation #GlobalTrade #PolicyImpact #TradeTechnology #FintechInnovation #GTRAsia #Singapore #TradeFinance #Treasury #CommodityFinance #BusinessNetworking #TradeLeadership
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We are thrilled to announce that our CEO, Sunil Senapati, will speak at the Supply Chain and Logistics Academy, SCALA Corporate Networking Event. 🗓️Date: July 19, 2024 ⏳Time: 3:30 to 5:30 PM 📍Location: SCALA, 8 Bulim Ave, Level 8, Singapore. #XDCTradeNetwork #SCALA #GlobalTrade #PaperlessTrade #SupplyChain #Logistics He will delve into the future of trade platforms, advancement with the regulation and the transformative power of technology in making global trade paperless. Let's come together to share valuable insights and innovative ideas and explore new business opportunities crucial for professional growth and success. 🔗Register here for this in person event: https://lnkd.in/guf4vfJE International Chamber of Commerce , ITFA, IMDA, World Trade Organization, BAFT (Bankers Association for Finance and Trade), Digital Container Shipping Association (DCSA), FIATA International Federation of Freight Forwarders Associations , Atul Khekade, Ritesh Kakkad, André Casterman, Andrea Frosinini, Sunil Senapati, Propine , Yodaplus, Credore, DocsonBlocks, XinFin Powering XDC Network, XDC Foundation, TradeFinex, ICC United Kingdom, United Nations.
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XDC Trade Network completed its first transaction using electronic promissory note and reduced transaction times from several days to a matter of hours. Under this transaction the shipper raised pre-shipment funding and was settled in hours using Fathom Protocol's stablecoin FXD from XinFin Powering XDC Network. Several transactions using electronic bills of lading under the Digital Negotiable Instrument Initiative are already completed on XDC Network. Inviting trade participants and liquidity providers to come forward and leverage our platform. Working with our partners we provide digitisation of key trade document and financing them thru a regulated custodian. The whole process of on-boarding to completing transaction takes just a few days. Read more in detail: https://lnkd.in/dFYnegvu #digitaltrade #tradefinance #xdctradenetwork #xdcnetwork IMDA, International Chamber of Commerce , ICC United Kingdom, United Nations, World Trade Organization, Global Legal Entity Identifier Foundation (GLEIF), BAFT (Bankers Association for Finance and Trade), Temasek, Enterprise Singapore, FCI , XinFin Powering XDC Network, XDC Foundation , Propine, Yodaplus, Global Trade Review (GTR), Credore, DocsonBlocks DocuShield, BlockPeer, Asian Development Bank (ADB) , André Casterman, Andrea Frosinini , Maisy Kwan, Atul Khekade, Ritesh Kakkad , Sunil Senapati , Sarah Green, Chris Southworth, Whitman Knapp , John Taylor , Tod Burwell, Rebecca Harding
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Unlock the Future of Digital Trade with XDC Trade Network Empower Your Business with Cutting-Edge Blockchain Technology In an unprecedented initiative, XDC Trade Network, in collaboration with TradeFinex, SBI XDC Apac Co Ltd, and Trade Fintech Ltd, is thrilled to offer an exclusive opportunity for forward-thinking organizations. Leverage our robust network for transformative digital trade solutions backed by the Model Law on Electronic Transferable Records (MLETR). Exclusive Offer for participating in Trade Finance Liquidity providers holding a minimum of 50 million XDC through regulated custodians or exchanges can now benefit from our comprehensive package, which includes: - Free Technical Integration: Seamlessly integrate with our state-of-the-art blockchain platform at no cost. - Unlimited Pilots: Explore the potential of digital trade with no limits on pilot projects, empowering you to scale and innovate freely. - Access to qualified trades with high yield financing options - All Why Participate in Our Pilot Program? - Compliance with #MLETR: Align with global standards in digital trade, ensuring your transactions are legally recognized and effortlessly enforceable. - Earn high yield from providing Trade finance - Near-Zero Gas Fees and Rapid Transactions: Execute transactions in just 2 seconds without the burden of high costs, thanks to our Delegated Proof of Stake (XDPoS) consensus mechanism. - Robust, EVM-Compatible Blockchain: Enjoy seamless compatibility with Ethereum-based systems, making integration smooth and straightforward. - High-Performance, Scalable Infrastructure: Our network supports over 2,000 transactions per second, providing the scalability needed for enterprise-level demands. Join a Community of Innovators By participating in our pilot program, you not only position your organization at the forefront of digital trade innovation but also join a community of leaders and pioneers in the blockchain space. Together, we are setting the standards for the future of trade finance. Ready to Transform Your Organization? Embrace the power of blockchain to streamline your operations, reduce costs, and enhance security. With XDC Trade Network and our partners, the future of digital trade is here and ready for you to lead. Using XDC Network's blockchain and cryptocurrency technology, we aim to achieve four main objectives in the field of cross-border trade: 1) digitization of trade documents, 2) improving the efficiency of international remittances, 3) providing trade finance to small and medium-sized players, and 4) offering investment opportunities in the trade finance field to individual and institutional investors. For more information and to begin your integration journey, contact us today at info@xdctrade.network #digitaltrade #tradefinance Advanced Markets Group Euroclear BCB Group Amber Group LIQUiDITY Group The Carfang Group ISP Group Family Office Club Family Office Association Marty S. SBP Management (Family Office)
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Busy day for XDC Trade Network at the GTR UK in London. Thanks to all for visiting our booth and here are a few pictures to cherish. Our CEO Sunil Senapati was in the panelist with Eric Balish (Bank ABC), Tim Shell (Stenn Technologies), Waldo de Vleeschauwer (Artis Finance) and Ram Kewalramani (CredAble). Stay tuned for more updates from us GTR UK - Trade and export finance conference International Chamber of Commerce , ITFA, IMDA, World Trade Organization, BAFT (Bankers Association for Finance and Trade), Digital Container Shipping Association (DCSA), FIATA International Federation of Freight Forwarders Associations , Atul Khekade, Ritesh Kakkad, André Casterman, Sunil Senapati, Andrea Frosinini, Propine , Yodaplus, Credore, DocsonBlocks, XinFin Powering XDC Network, XDC Foundation, TradeFinex, ICC United Kingdom, United Nations, BIMCO, Global Trade Review (GTR), Asian Development Bank (ADB).
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