Docutrade Facilitates Unprecedented Trade Finance ..

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Docutrade Facilitates Unprecedented Trade Finance Transaction With Electronic Bill Of Lading Conversion And Capital Provision

Yodaplus DocuTrade, in a collaborative endeavor with its ecosystem partner XDC Trade Network, has successfully executed a pioneering transaction by converting traditional paper Bills of Lading (BL) to electronic BL (eBL). This groundbreaking transaction demonstrates DocuTrade's prowess in digitizing trade documents, thereby also facilitating capital provisioning against the fractionalized eBL for a shipment duration of 7 days.

In this pilot, the shipper tokenized the eBL and fractionalized it, enabling capital provisioning for the shipment duration. This innovative approach, powered by DocuTrade, provided TradeFlow Capital, the shipper, with liquidity as soon as the shipment sailed, giving them a cash flow of 7 days (transit time). The ease of transaction was significantly enhanced as the trade documents were digitally created, making verification and transfer a seamless process. The commodity shipped was COPPER MILBERRY SCRAP for green recycling, with the transaction value pegged at USD 150K.

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Yodaplus DocuTrade, in a collaborative endeavor with its ecosystem partner XDC Trade Network, has successfully executed a pioneering transaction by converting traditional paper Bills of Lading (BL) to electronic BL (eBL).

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