[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  🥖Tokenicer✲⥃⬢ [@Tokenicer](/creator/twitter/Tokenicer) on x 61.1K followers Created: 2024-07-08 00:17:54 UTC Trade finance on-chain is becoming a reality! And it's all coming alive right on the $XDC Network with everything from SMEs to governments. We've seen XDC's utility expand globally, which perfectly fits the scheme of GLOBAL trade finance. From tokenization to unlocking liquidity & more. From simply an idea, to being tested within Abu Dhabi's RegLab sandbox pre-launch... To now, real world use of trade finance happening on XDC Network. It's not just the network being used as an infrastructure anymore either, Sure there are entities like Singapore's IMDA connecting their TradeTrust framework with XDC to ensure MLETR compliance, but there's much more. As we see here, the spotlight isn't so much on the network itself, but rather the applications. This is a huge advancement moving forward, as it shouldn't be the base layer that accrues the most value/utility but rather the purposed applications built on the network. You don't go into the App Store to enjoy the store, you go there to utilize their applications. Same thing here with the XDC ecosystem! We've seen the SMEs and large private sector entities around the globe collaborate with XDC's applications. The recent successful PoC with SBI which used Impel was a perfect example of this. Together they enabled real time settlement of cross border payments for trade finance. This was done by utilizing @impel_official as a bridge between R3 Corda & XDC to enable payments in wXDC. The result? Payments could be received globally in near real time with negligible fees. A huge contrast compared to the middlemen fees and 2-3 day bank settlement times we use today. We've also seen this with both @EnigioTime & @Fathom_fi too! Enigio is one of the OG applications on XDC & their goal is to digitalize physical documents on-chain for trade. They've been pretty successful, as they actually were part of the first ever MLETR trade that's compliant under the UK Electronic Trade Documents Act. This was executed by Lloyd's Bank, a leading bank within UK which has also invested $XXX Mil in Enigio! On the other hand, we're seeing liquidity and global access solutions with Fathom & Tradeflow Capital. Fathom brings a stablecoin solution in which users lock up XDC to mint $FXD. To date, there are XXXXXXXXX FXD issued and a TVL of $XXX Mil. They are enabling access of FXD into Institutional Vaults with TradeFlow Capital. TradeFlow is an institutional trade finance management platform that primarily focuses on physical goods. The goal will be to enable FXD to access into these Institutional Vaults with FXD. Not only will this open borders for further access into trade finance markets, bringing in more liquidity. Thanks to the transparency & immutability of blockchain it also ensures further compliance within the entities participating in the markets. As we know, global trade is a critical piece to every modern day economy. This is why we've also seen a large influx of government related entities also utilizing XDC's applications. Let's take a quick look. The Panama Digital Chamber of Commerce has partnered with @circularityfi to bring knowledge of DLT and more specifically Regenerative Finance. This is a similar initiative in which we're seeing $ALGO build a DLT education platform for the UNDP. This is a big step forward as it shows that these entities are now truly beginning to learn & integrate DLT into their respective economies. The fact the chose Circularity Finance out of all other options in this space says something. Dubai's Multi Commodities Centre (DMCC) has also involved themselves with the XDC ecosystem via work with @ComTechOfficial. ComTech Gold is working with Dubai's DMCC to bring tokenized gold to reality. DMCC stores the physical gold bars that ComTech is tokenizing into their safe vault custody. These bars are registered on DMCC's TradeFlow, a platform for registering the ownership of commodities stored in UAE facilities. ComTech Gold then issues $CGO tokens which represent X gram of tokenized gold. This is arguably the furthest we've seen institutional tokenization go in terms of government collaboration. Speaking of Dubai, we've also seen their World Trade Centre come with the Virtual Assets Regulatory Authority (VARA) licenses. These grant digital/virtual asset companies the ability to operate & provide services in the region legally. They have approved @WadzPay $WTK for the initial approval of a VARA license. As WadzPay is closely tied within EMEA & brings an all in one interoperable payment solution, there is a lot of potential for compliant digital asset use in Dubai. While WadzPay is technically an agnostic payments solution, one of the main chains they initially connected with were XDC Network. When we put this altogether, we can really see that true adoption of the APPLICATIONS on XDC are happening. This is in stark contrast to many L1s that are building for utility which only see utilization of the base layer. XDC has proven sufficient network capability to scale and be used for the needs of trade finance, But now they also have applications built natively that are specific to these solutions, This is real world progress.  XXXXXX engagements  **Related Topics** [real world](/topic/real-world) [xdc](/topic/xdc) [onchain](/topic/onchain) [finance](/topic/finance) [$xdc](/topic/$xdc) [coins layer 1](/topic/coins-layer-1) [coins real world assets](/topic/coins-real-world-assets) [Post Link](https://x.com/Tokenicer/status/1810105996188221631)
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🥖Tokenicer✲⥃⬢ @Tokenicer on x 61.1K followers
Created: 2024-07-08 00:17:54 UTC
Trade finance on-chain is becoming a reality!
And it's all coming alive right on the $XDC Network with everything from SMEs to governments.
We've seen XDC's utility expand globally, which perfectly fits the scheme of GLOBAL trade finance.
From tokenization to unlocking liquidity & more.
From simply an idea, to being tested within Abu Dhabi's RegLab sandbox pre-launch... To now, real world use of trade finance happening on XDC Network.
It's not just the network being used as an infrastructure anymore either,
Sure there are entities like Singapore's IMDA connecting their TradeTrust framework with XDC to ensure MLETR compliance, but there's much more.
As we see here, the spotlight isn't so much on the network itself, but rather the applications.
This is a huge advancement moving forward, as it shouldn't be the base layer that accrues the most value/utility but rather the purposed applications built on the network.
You don't go into the App Store to enjoy the store, you go there to utilize their applications.
Same thing here with the XDC ecosystem!
We've seen the SMEs and large private sector entities around the globe collaborate with XDC's applications.
The recent successful PoC with SBI which used Impel was a perfect example of this.
Together they enabled real time settlement of cross border payments for trade finance.
This was done by utilizing @impel_official as a bridge between R3 Corda & XDC to enable payments in wXDC.
The result? Payments could be received globally in near real time with negligible fees.
A huge contrast compared to the middlemen fees and 2-3 day bank settlement times we use today.
We've also seen this with both @EnigioTime & @Fathom_fi too!
Enigio is one of the OG applications on XDC & their goal is to digitalize physical documents on-chain for trade.
They've been pretty successful, as they actually were part of the first ever MLETR trade that's compliant under the UK Electronic Trade Documents Act.
This was executed by Lloyd's Bank, a leading bank within UK which has also invested $XXX Mil in Enigio!
On the other hand, we're seeing liquidity and global access solutions with Fathom & Tradeflow Capital.
Fathom brings a stablecoin solution in which users lock up XDC to mint $FXD.
To date, there are XXXXXXXXX FXD issued and a TVL of $XXX Mil.
They are enabling access of FXD into Institutional Vaults with TradeFlow Capital.
TradeFlow is an institutional trade finance management platform that primarily focuses on physical goods.
The goal will be to enable FXD to access into these Institutional Vaults with FXD.
Not only will this open borders for further access into trade finance markets, bringing in more liquidity.
Thanks to the transparency & immutability of blockchain it also ensures further compliance within the entities participating in the markets.
As we know, global trade is a critical piece to every modern day economy.
This is why we've also seen a large influx of government related entities also utilizing XDC's applications.
Let's take a quick look.
The Panama Digital Chamber of Commerce has partnered with @circularityfi to bring knowledge of DLT and more specifically Regenerative Finance.
This is a similar initiative in which we're seeing $ALGO build a DLT education platform for the UNDP.
This is a big step forward as it shows that these entities are now truly beginning to learn & integrate DLT into their respective economies.
The fact the chose Circularity Finance out of all other options in this space says something.
Dubai's Multi Commodities Centre (DMCC) has also involved themselves with the XDC ecosystem via work with @ComTechOfficial.
ComTech Gold is working with Dubai's DMCC to bring tokenized gold to reality.
DMCC stores the physical gold bars that ComTech is tokenizing into their safe vault custody.
These bars are registered on DMCC's TradeFlow, a platform for registering the ownership of commodities stored in UAE facilities.
ComTech Gold then issues $CGO tokens which represent X gram of tokenized gold.
This is arguably the furthest we've seen institutional tokenization go in terms of government collaboration.
Speaking of Dubai, we've also seen their World Trade Centre come with the Virtual Assets Regulatory Authority (VARA) licenses.
These grant digital/virtual asset companies the ability to operate & provide services in the region legally.
They have approved @WadzPay $WTK for the initial approval of a VARA license.
As WadzPay is closely tied within EMEA & brings an all in one interoperable payment solution, there is a lot of potential for compliant digital asset use in Dubai.
While WadzPay is technically an agnostic payments solution, one of the main chains they initially connected with were XDC Network.
When we put this altogether, we can really see that true adoption of the APPLICATIONS on XDC are happening.
This is in stark contrast to many L1s that are building for utility which only see utilization of the base layer.
XDC has proven sufficient network capability to scale and be used for the needs of trade finance,
But now they also have applications built natively that are specific to these solutions,
This is real world progress.
XXXXXX engagements
Related Topics real world xdc onchain finance $xdc coins layer 1 coins real world assets