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Tradeteq to launch TRADA Tokens on XDC Network

Words by Securities Finance Times

Avg. 1 Min read

Tradeteq, a data, technology and software provider, has selected the XDC Network to launch fully regulated, trade-finance-backed fungible security tokens, TRADA Tokens.

The firm aims to deliver significant liquidity to the trade finance sector by securitising a traditionally illiquid asset class on the XDC Network — a public decentralised blockchain. By using fungible security tokens with concrete collateral, Tradeteq says it will begin the process of “ramping up on-chain transaction volume of regulated, real-world assets” and extends access to the trade finance market to retail and institutional investors.

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