Tuesday, May 30, 2023
[email protected]
 Fintech Zoom
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
    • Secure Bank Login
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Entertainment
    • Health
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • INVESTMENT
    • Real Estate
    • Famous Investors
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts
No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
    • Secure Bank Login
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Entertainment
    • Health
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • INVESTMENT
    • Real Estate
    • Famous Investors
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts
No Result
View All Result
FintechZoom
No Result
View All Result

A Global first – Inventory monetisation leveraging NFTs completed on the VeChainThor blockchain

James Albert by James Albert
October 31, 2022
in Press Releases
0

Home » A Global first – Inventory monetisation leveraging NFTs completed on the VeChainThor blockchain

[email protected] and VeChain today announced that the NFT underpinning the first Inventory Monetisation transaction has been officially minted on the VeChainThor blockchain. The EUR1.6million transaction will significantly enhance cashflow and access to working capital for a business involved in the design and manufacture of industrial and specialised vehicles in Italy, US and Africa. The development  represents a global first, marking the inception of a new model of accessing capital in the supply chain for manufacturing and trading businesses, as well offering a new asset class for investors.

[email protected]’s fintech platform connects manufacturing businesses, from heavy manufacturing and chemicals to high end food and fashion, with funders who monetise unsold stock via a legal “true sale” mechanism, enabling businesses to release capital trapped in  stored inventory. Manufacturing businesses can use this revolutionary commercial facility as a more cost-effective alternative to traditional banking or asset-based lending options, without incurring debt. When manufacturers secure a buyer for their stock, they then can request to repurchase it before selling to the end customer.

[email protected]’s fintech platform facilitates access to a new source of improved cashflow for businesses facing increasing pressure from disruptions in the supply chain. Underpinned by proprietary technology and integration with the VeChainThor blockchainthat manages the NFT life-cycle, the platform allows investors to have continuous oversight of  inventories and their subsequent trading activities. Additionally, the integration with manufacturers’ existing systems, as well as enabling monitoring activities, allows the manufacturing business to receive reports on inventory optimisation and risk management.

The next phase of the alliance between [email protected] and VeChain  will launch in the coming months, with further Inventory Monetisation transactions worth up to USD8.5m budgeted, also funded by VeChain as an anchor investor, alongside multiple liquidity providers including VeChain ecosystem stakeholders, additional cryptocurrency asset managers and direct investors through liquidity pools partnerships.

RelatedPosts on FintechZoom

OCR Labs Global’s Zero Bias AI™ Tech Awarded Further DIATF Certifications

Three New Associate Partners Join The Fintech & Payments Advisory Network

Equals Group announces a positive trading update with revenues up 59%

Global invoice financing group enables clothing giant to grow during times of economic recession

Revolutionizing Finance: STX Next on transforming the financial sector with Cutting-Edge AI & ML

Stubben Edge acquires Insurercore to expand tech offering

Alessandro Zamboni, CEO at [email protected] said, “The scale of the market for inventory monetisation is immense. For too long, the inventory which businesses hold has been a cash drain until it is sold. Traditional lenders have offered discount rates and highly restrictive covenants. Supply chains have yet to recover from Covid-19 and the shift to “just in case” from “just in time” means that the costs which businesses have had to bear have continued to soar. Our Inventory Monetisation facility offers a new, more cost-effective alternative for businesses to free up significant levels of working capital. In VeChain, we have found the ideal, visionary partner to progress this path using digital assets and we are look forward to offering access to this vast new market to more investors.”

Sunny Lu, CEO at VeChain Foundation, said, “This partnership brings to market a highly innovative solution which employs emerging digital technologies to solve a decades old problem for businesses globally. By deploying this, our companies together are able to limit a need for overproduction, promote sustainable global development, improve cashflow for businesses and create a new digital asset class which provides capital directly to the real economy. We look forward to launching – phase 2 of our alliance to involve our community and the rest of the crypto market into this disruptive initiative”.

James Albert

James Albert

James Albert is a personal-finance analyst for FintechZoom and is based in New York. Contact: [email protected]

Related Posts

OCR Labs Global’s Zero Bias AI™ Tech Awarded Further DIATF Certifications

March 9, 2023

Three New Associate Partners Join The Fintech & Payments Advisory Network

February 15, 2023

Equals Group announces a positive trading update with revenues up 59%

February 15, 2023

Global invoice financing group enables clothing giant to grow during times of economic recession

February 15, 2023

Revolutionizing Finance: STX Next on transforming the financial sector with Cutting-Edge AI & ML

February 14, 2023

Stubben Edge acquires Insurercore to expand tech offering

January 20, 2023

Newly rebranded ONE Group partners with RegTech provider Know Your Customer

January 20, 2023

Private equity – private debt sector embraces self-serve technology – capital markets study

November 16, 2022

Zoho Finance platform hits 50% YoY Growth

November 16, 2022
Next Post

THE METAVERSE WILL NEED A NEW LABOR ECONOMY”  SAYS JAMES BLACKWELL

Equitas Small Finance Bank Financial Results

Consumer Duty deadline presents opportunities alongside compliance challenges

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About Us
  • Advertise
  • Careers
  • Terms and Conditions
Call us: + 1 917 9939840

© 2016-2023 FINTECH ZOOM - WORLD FINANCE

No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
    • Secure Bank Login
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Entertainment
    • Health
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • INVESTMENT
    • Real Estate
    • Famous Investors
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts

© 2016-2023 FINTECH ZOOM - WORLD FINANCE

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?