Tradeteq Selects XDC Network to Launch Trade Finance-backed TRADA

Tradeteq, the technology provider for illiquid credit distribution, 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.  

"This launch is an important move in the democratization of trade finance through XDC's enterprise-grade blockchain technology. By investing in trade finance, which historically has been restricted to banks and larger institutional investors, private investors can now invest in the real economy. The XDC Network is our chosen blockchain to develop this system and XDC is the only crypto asset that can be used to purchase TRADA," said Nils Behling, CFO and co-founder at Tradeteq. 

"XDC Network is completely decentralised and has been optimized for enterprise applications over a period of years. As the preferred network for its token issuance, Tradeteq offers further validation of the XDC Network's real world utility," said Atul Khekade, co-founder of the XDC Network.  

The TRADA launch signals blockchain's adoption in a regulated arena. It positions the XDC Network as a way to connect real-world finance origination with DeFi markets, confirming a number of reports by Deloitte, JPMorgan and CoinDesk that foresee a wave of tokenized assets on the blockchain in the years to come.