SC Ventures’ Fintechs Team Up to Streamline Global Trade Finance
Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...
SWIAT, a Frankfurt-based blockchain software developer, recently announced a partnership with Olea, the digital financial market infrastructure in Singapore.
In preparation for financing, Olea tokenized receivables arising from a supplier’s delivery of goods. With its blockchain infrastructure designed to meet stringent regulatory requirements like the incoming Basel III, SWIAT provided the technological backbone for this approach. Olea’s platform then matched the tokenized receivables with a suitable funder.
DekaBank, a joint-venture partner in SWIAT, was the inaugural funder for the tokenized receivable. The project leveraged SWIAT’s tokenization engine and Olea’s expertise in trade receivables financing.
The global trade finance market was valued at $9.3 trillion in 2022 and is expected to reach $12.5 trillion by 2032, growing at a CAGR of 3%, according to the Trade Finance Market report.
The Trade Finance Market was valued at USD 9.3 trillion in 2022 and is estimated to register a CAGR of over 3% between 2023 and 2032.
To request a free sample report, go to: https://t.co/yKXbsnpeks#consultants #consultancy #pushtotalk #tradefinance #paymentsecurity #horticulture pic.twitter.com/WdRmtcLFgD
Supply chain finance solutions offer companies a way to optimize working capital by extending payment terms to suppliers while ensuring timely payments. Trade finance is considered a particularly safe form of finance due to its predictable collateral and documented operational flows.
By leveraging blockchain, SWIAT and Olea seek to address the
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