In September, XDC Network and Tradeteq launched what they described as the world’s first trade finance-based NFT transaction with invoice finance company Accelerated Payments as the asset originator.
As a unique unit of data or token stored on the blockchain, a non-fungible token can be used to represent any assets, including trade finance assets. To ensure a secure migration of these assets from an off-chain product to an on-chain token, Tradeteq and XinFin partnered with a traditional off-chain asset custodian as well as a digital-asset custodian.
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