Source: Block Tribune, originally published on .
Blockchain trade finance platform TradeIX has opened a new office in Singapore as part of the the firms’ global development plan.
TradeIX is aiming to rewire the $8 trillion trade finance market with the TradeIX Platform, an open blockchain system for trade finance. The platform enables trade finance parties to more easily, flexibly and efficiently connect to the broader trade finance market, including suppliers, buyers, service providers, B2B networks, credit underwriters and financial institutions. It also provides benefits to all trade finance parties through enhanced funding opportunities, lower cost and reduced risk.
The new Singapore office is located in the country’s financial district. It will integrate all primary origination, operations and support services for the region.
In addition to the Singapore office, TradeIX also announced two key appointments. Eugene Buckley, former Head of Trade Innovation and Alliances at Standard Chartered Bank, has been appointed as Business Development Executive, Asia Pacific. He will be tasked to oversee the development of client relationships in the region.
“Asia Pacific is one of the fastest growing regions in trade finance and our presence in Singapore is crucial for our current and future bank clients,” said Buckley. “The strategy of TradeIX is to continue our focus on expanding our client relationships in Asia Pacific.”
TardeIX also hired Leon Scott, former Director of supply chain Finance firm PrimeRevenue, as Head of Asia Pacific Operations. Scott will oversee the delivery of TradeIX solutions and projects to clients in the region as well as the growth of existing trade finance activities and relationships.
“I’m excited to join the team in Singapore,” Scott said. “The TradeIX platform changes the way we think about trade finance and makes Trade Finance smarter, more transparent and better connected” said Leon Scott. “We anticipate strong growth of our team over the coming year, allowing us to serve more clients while covering a larger part of the trade finance market.”
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