Tradeteq, a technology provider for trade finance asset distribution, has completed what it says is the world’s first trade finance-based non-fungible token (NFT) transaction, on Singapore-based eXchange inFinite’s (XinFin) XDC network.

Originally launched in 2018, Tradeteq’s platform enables originators to package trade finance products into standardised investments that can be bought and sold through private distribution networks and settled like common fixed income products. The fintech’s core business has been the bank to capital market channel, which involves the repackaging of open account instruments into fungible notes that can then be sold to entities such as fund managers, insurers and investors.

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