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Can tokenisation narrow the global trade finance gap?

Standard Chartered says the next three years are ‘critical’ to create a market for tokenised trade finance assets
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Can tokenisation narrow the global trade finance gap?Image: Tayfun Coskun/Anadolu via Getty Images

As tokenised assets move beyond the realm of blockchain and decentralised-finance start-ups and into traditional finance, mainstream lenders are ramping up experiments with the tokenisation of real-world assets in a bid to drive adoption and open up new markets. 

With Goldman Sachs concentrating thus far on the tokenisation of “vanilla” assets such as fixed-income government bonds, Standard Chartered has highlighted trade finance assets, a still largely untapped asset class, as a major driver for the tokenised asset space, creating a new market that can help in bridging the $2.5tn global trade gap.

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Liz Lumley is deputy editor at The Banker. She is a global specialist commentator on global financial technology or “fintech”. She has spent 30 years working in the financial technology space, most recently as director at VC Innovations and architect of the Fintech Talents Festival, managing director at Startupbootcamp FinTech London and an editor at financial services and technology newswire, Finextra. She was named Journalist of the Year for Technology and Digital Finance at State Street’s UK Press Awards for 2022.
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