Toknar Joins the TFD Initiative
The Trade Finance Distribution Initiative is delighted to welcome Toknar to the list of global trade finance institutions and service providers.
With over 70 members and counting, the TFD Initiative has established the largest business community of trade originators, funding platforms, credit insurers, institutional funders and their service providers committed to increase the level of automation and transparency in trade asset and risk distribution based on technology-based market practices.
Toknar’s fintech platform powered by INVOIX technology provides invoice financing to financial institutions and corporate customers.
"The TFD Initiative is an exceptional network of influential members dedicated to improving the distribution of trade finance assets in every facet. Our involvement in this initiative will be marked by a strong focus on emerging technologies, as well as ESG principles, to further expand and facilitate the distribution of trade finance assets. With great enthusiasm, we join forces with the TFDi community, capitalizing on the synergy of collaboration to expedite the realization of TFD Initiative's objectives” says Nick Chiara, CEO - TOKNAR.
The TFD Initiative brings together stakeholders committed to increasing the level of transparency in trade finance assets and enabling risk distribution through technology-based market practices.
"Toknar is very welcome to TFD Initiative as an additional alternative lender. Toknar's differentiation lies in its ability to embed ESG capabilities in their origination processes which will be of high relevance to asset managers funding those flows" says Andre Casterman, CEO, TFD Initiative.
The TFD Initiative continues to expand its membership of elite trade finance businesses and will further its efforts of promoting the tech-backed originate-and-distribute model at its inaugural flagship Trade Finance Investor Day scheduled for mid-October this year in the UK.
Toknar, an acronym for "tokenizing A/R," delivers origination capabilities to distribution platforms through INVOIX, a Web3 digital platform for alternative trade receivables financing. This platform utilizes AI and DLT technology to streamline and automate the key functions of servicing, risk management, and asset packaging for distribution, leading to improved efficiency and cost-effectiveness. Our mission is to promote increased accessibility/affordability and expedited trade financing for SMEs, all while fostering an ESG mindset.
About the TFD Initiative
TFD Initiative is establishing trade finance as an investable asset class for capital market firms and brings together stakeholders committed to increasing the level of automation and transparency in trade asset and risk distribution with technology-based market practices.
The ITFA Fintech Initiatives aim to address two market-level ambitions: DNI Initiative focuses on digitising trade documents and negotiable instruments in corporate-to-bank relationships, whilst TFD Initiative transforms trade finance as a digitally investable asset class for banks, credit insurers and institutional investors. Our advocacy task force (TERA) aims to promote the integration of digital options such as MLETR-based e-originals within national laws.
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