“By transforming trade assets into transferable instruments, we aim to improve the accessibility to an asset class – which has largely been the domain of banks – with participation from a broader range of investors,” said Kai Fehr, global head of trade and working capital at Standard Chartered. “Not only can we potentially narrow the $1.7 trillion global trade finance gap, this also offers investors the option to balance their portfolio with a digital token that has traceable intrinsic value,” he added.
Source: https://www.coindesk.com/policy/2022/11/02/singapore-carries-out-first-trades-in-defi-pilot-for-wholesale-funding-market/?utm_medium=referral&utm_source=rss&utm_campaign=headlines