The transaction for an agri-commodities shipment between China and India shows how a fast and secure exchange of digital commodities can be achieved.
The escrow service offered by the Baltic Exchange and TradeFlow will be aimed at commodity trades for SMEs.
TradeFlow has focused on providing trade finance to SMEs taking ownership of the physical commodity for the duration of the trade, including arrangement of shipment. TradeFlow operates as an alternative asset class financing transactions through an investment fund.
Tom James, CEO and CIO of TradeFlow said: “Partnering with the Baltic Exchange is instrumental to achieving TradeFlow’s mission of enabling more trades for SMEs worldwide and delivering investment-grade strategies and products for investors at the same time.”
To learn more about TradeFlow listen to this episode of The Maritime Podcast:
John Collis, CRO of TradeFlow added: “Using traditional methods to execute these transfers can result in capital being tied up for many weeks which brings added costs and capital inefficiencies into the whole trade ecosystem.”
Mark Jackson, Baltic Exchange Chief Executive said: “We’re delighted to support this innovative initiative with TradeFlow. The independence and credibility of the Baltic Exchange backed up with robust processes and infrastructure, allows us to provide an escrow service that supports a wide range of businesses and applications.”
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