An insightful article below by Fiona So, looking into how to achieve interoperability for electronic Bills of Lading (eBL). eBL adoption has grown to 5% in 2024. This follows its efficiency, security, and carriers’ target of 100% adoption by 2030. Solutions like WaveBL, IQAX eBL, WiseTech Global, Bolero International (WiseTech Global Group), and ICE Digital Trade (formerly essDOCS) lead in niche markets. But a single solution is unlikely. To achieve interoperability, two challenges must be addressed: 1️⃣ Legal Validity: Providers use different rulebooks. GSBN’s pilot relies on local laws (e.g., UK and France) to standardise recognition. 2️⃣ Liability: Accountability is key in multi-platform transfers. GSBN uses blockchain as a Control Tracking Registry. This ensures clear control and dispute resolution. Fiona credits Marina Comninos for leading the liability framework with ICE and IQAX eBL. Interoperability alone won’t drive adoption. eBL must add value beyond paper. At the Shanghai eBL Summit, 120 leaders explored new use cases. Global Shipping Business Network (GSBN) continues to champion practical, scalable solutions for real-world challenges like eBL interoperability. Through pilots with ICE and IQAX eBL, they address legal validity, liability, and accountability, driving trade digitalisation through industry collaboration. Original article by Fiona So. Read more below. https://lnkd.in/dYHQhcE5 Follow GTR Ventures for more curated #tradetech and #fintech insights. #tradejustgotsmarter #DigitalTrade #eBL #GlobalTrade #Innovation #Blockchain #Logistics #Interoperability
GTR Ventures
Venture Capital and Private Equity Principals
World's first discovery & venture advisory platform dedicated to trade, treasury & supply chain. Trade just got smarter.
About us
GTR Ventures is the world’s first venture advisory, venture-building and investment platform specialised in trade and supply chain. In exclusive partnership with Global Trade Review (GTR), the world’s leader in global trade and trade finance intelligence, publishing, news and events, GTR Ventures enjoys a presence in London and Singapore GTR has a proprietary network of over 35,000 decision makers in trade finance, treasury and insurance, and organises events annually in over 15 cities across 6 continents, in venues such as Chicago, London, Paris, Cairo, Nairobi, Lagos, Cape Town, Dubai, Mumbai, Singapore, Stockholm, Geneva, and Istanbul Leveraging this platform innovative companies in trade and trade finance who join GTR Ventures as our partners and portfolio are able to engage the world’s most powerful trade finance community, as well as investors who appreciate trade finance as an asset class. Our vision: to pioneer investments in fintechs for trade and champion trade finance as an alternative asset class that has been shown to be low risk, stable, and liquid. With this vision in mind, we have identified four investment areas of focus: Transaction Banking Trade Insurance & Risk Management SME Finance & Supply Chain Physical Trade GTR Ventures engages key public and private sector stakeholders in the trade universe. Together we champion trade and trade finance as an asset class and mobilise private capital into trade. Trade just got smarter.
- Website
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http://gtrventures.co
External link for GTR Ventures
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 11-50 employees
- Headquarters
- Singapore
- Type
- Privately Held
- Founded
- 2017
- Specialties
- Trade Finance, SME Finance & Supply Chain Finance, Physical Trade, Trade Insurance, Trade Credit Insurance, TradeTech, and Startups
Locations
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Primary
190 Clemenceau avenue Singapore
Singapore, SG
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4 Hillgate Place
London, London SW12 9ER, GB
Employees at GTR Ventures
Updates
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Empowering SMEs: #Santander and #Dentsu Unite 🤝 Santander Corporate and Commercial Banking is partnering with dentsu to launch a platform simplifying international trade for SMEs. Launching in Q2 2025, it will offer tailored services, discounts, and market insights to help SMEs expand globally. The platform will roll out to 45 markets, including 10 of Santander’s core regions, powered by Adobe, Amazon, and Salesforce. This builds on Santander’s digital growth, including Openbank’s launch in the US and Mexico. 💡 A game-changer for SMEs ready to go global. Original article by Cameron Emanuel-Burns for FinTech Futures. Read more in the comments section below. Follow GTR Ventures for more curated #tradetech and #fintech insights. #tradejustgotsmarter #SMEGrowth #Innovation #GlobalBusiness
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Enigio's trace:original has become the first-ever digital trade document system recognised as "reliable" under the ICC Digital Standards Initiative (DSI) and Canada’s Digital Governance Council framework. This game-changing recognition aligns with global standards, including the UN’s model law, setting the stage for trusted, scalable digital trade solutions. Key highlights: ✅ Verified operational and security controls ✅ Compliance with cutting-edge technological standards ✅ A clear pathway to accelerate trade digitalisation Patrik Zekkar, CEO of Enigio, celebrated this milestone as a "true example of collaboration driving industry progress." While this recognition is currently an interim step, plans are in motion to establish a certification process for greater trust and interoperability. Reliable systems are the cornerstone of digital trade. This initiative is turning ideas into actionable progress, paving the way for global trade transformation. Original article by John Basquill for Global Trade Review (GTR). Read more below. Follow GTR Ventures for more curated #tradetech and #fintech insights. https://lnkd.in/d5km82-g #tradejustgotsmarter #DigitalTrade #ReliableSystems #TradeInnovation #FutureOfTrade #traceoriginal
Enigio’s trace:original Becomes First Digital Trade Document System Recognised as 'Reliable' Under ICC DSI Framework
gtrventures.co
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Great to see our investee company, XDC Trade Network CEO Sunil Senapati featured on Sonny Mohanty ‘s podcast XDC Network Rupert Sayer Peter Gubbins Ed Virtue Kelvin Tan Follow GTR Ventures today for more exciting news on innovation in the global #trade world!
We’re excited to announce two upcoming episodes of the XDC APAC Podcast, each featuring a portfolio company of XVC Tech, part of XDC Ventures. In the first episode, I sat down with Geoff Ira, CEO of TradeTogether® to discuss the innovative work the company is doing, their vision for the future, and the challenges and opportunities shaping their journey. In the second episode, I had an in-depth conversation with Sunil Senapati CEO and Co-Founder of XDC Trade Network. We talked about the trade network they’ve built on the XDC network and the significance of their recent investment from GTR Ventures. Sunil shared valuable insights into the role XDC Trade Network plays in transforming global trade and finance. Stay tuned as we bring you these two insightful episodes, packed with thought-provoking discussions and updates from leaders in the web3 , wealth management and cross border trade industries. Atul Khekade Ritesh Kakkad Rebecah Dausen Sean White Nadar Suresh #CrossBorderTrade #PaperlessTrade #WealthManagement #CryptoInvestments
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VoloFin , a Singapore-based fintech company, has secured USD 50 million to enhance trade finance for Indian exporters, especially SMEs. This funding will provide easier, more secure lending options and help streamline supply chains using advanced financial tools. It’s a major boost for businesses that are the backbone of India’s economy. VoloFin plans to scale this funding to USD 150 million over the next few years, showing its commitment to bridging the trade finance gap. The announcement comes as fintech funding in India is bouncing back, with Q3 2024 seeing 66% year-on-year growth, reaching USD 778 million. It’s inspiring to see initiatives like this empowering exporters and strengthening their global competitiveness. Original article published for The Paypers. Read more in the comments section. Follow GTR Ventures for more curated #tradetech and #fintech insights. #tradejustgotsmarter #TradeFinance #IndianExporters #SMEs #FintechInnovation #SupplyChainManagement #FundingSuccess #EconomicGrowth #GlobalTrade #TechInTrade
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GTR Ventures reposted this
GTR Ventures invests in UK-based digital trade solutions provider 🚀 Thrilled to welcome GTR Ventures into the Havona Technology family. Special thanks reserved for Kelvin Tan & Rupert Sayer. GTR Ventures is a leading venture capital partner for Trade Tech startups, and we are delighted to have been given the opportunity to work alongside them. https://lnkd.in/dPyEr4WU Read more here on Global Trade Review (GTR) #post_trade #posttrade #digital #electronictradedocuments #blockchain #corda #startups #digitaltransformation #MLETR #DLT #commodityservices #warehousereceipts #LEI #globaltrade #data #supplychains #cryptography #logistics #innovation #technology #network #ai #GTRV
GTR Ventures invests in UK-based digital trade solutions provider
https://www.gtreview.com
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Advancing Trade Finance: Brazil’s Drex Pilot Integrates #Blockchain and Digital Currency 💵 Banco Central do Brasil is advancing its digital currency pilot, Drex, by expanding it into the trade finance sector to enhance transaction efficiency and security. This initiative leverages blockchain and smart contracts to automate the settlement of agricultural commodity trades, making transactions more efficient, secure, and transparent. Key leaders in the project highlight its significance: Bruno Grossi, MSc Banco Inter’s Head of Emerging Technology, calls it “a transformative opportunity to expand market reach and improve the health of the Brazilian market.” Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, describes it as a “key use case for central bank digital currencies” that “will showcase what tokenised assets can do at scale.” PhD. João Paulo Aragão Pereira, Innovation Specialist for Financial Services at Microsoft, emphasises that Drex is designed to “broaden access to intelligent financial services.” Supported by Inter, Microsoft, 7COMm - People and tech to transform, and Chainlink, the project also integrates the CCIP protocol for interoperability, ensuring seamless collaboration with other central banks and platforms. This groundbreaking initiative demonstrates the immense potential of blockchain and digital currencies to reshape global trade finance. Original article by John Basquill for Global Trade Review (GTR). Read more in the link in the comments. Follow GTR Ventures for more curated #tradetech and #fintech insights. #tradejustgotsmarter #TradeFinance #BlockchainInnovation #DigitalCurrency #CBDC
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GTR Ventures reposted this
Earlier this week, we had the privilege of collaborating with GTR Ventures, @TradeTrust, and XDC Network to host a roundtable discussion. The session brought together a diverse group attendees to explore how businesses can enhance their readiness for the cross-border exchange of digital trade documents. By bridging the gap between traditional and digital trade processes, our solutions empower SMEs to streamline operations, reduce costs, and unlock new opportunities in the global trade ecosystem. Thank you to our partners and participants for an engaging and impactful session! Together, we’re shaping the future of trade finance. 🚀 Denise Pereira | Sunil Senapati | Sin Yong Loh | Kelvin Tan | Rupert Sayer
Yesterday (25th November) we had the privilege of hosting a free workshop on unlocking trade finance, in partnership with IMDA TradeTrust at PSA Horizons, #Singapore. Overlooking the breath taking view of the iconic maritime port ⛴️🏗️of Singapore, It was fantastic to see so many traders, importers, exporters , liquidity providers, come together to explore opportunities in trade finance and discuss the latest innovations in the field. The workshop was packed with great conversations and speakers, including from SGTraDex , and an engaging presentation from Sunil Senapati of XDC Trade Network A huge thank you to everyone who presented, attended, and helped make this event such a success! https://lnkd.in/ez8QQwza Follow GTR Ventures for curated #tradetech insights. #tradejustgotsmarter #TradeFinance #TradeTech #TradeNetwork Rupert Sayer Kelvin Tan Peter Gubbins
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GTR Ventures reposted this
Yesterday (25th November) we had the privilege of hosting a free workshop on unlocking trade finance, in partnership with IMDA TradeTrust at PSA Horizons, #Singapore. Overlooking the breath taking view of the iconic maritime port ⛴️🏗️of Singapore, It was fantastic to see so many traders, importers, exporters , liquidity providers, come together to explore opportunities in trade finance and discuss the latest innovations in the field. The workshop was packed with great conversations and speakers, including from SGTraDex , and an engaging presentation from Sunil Senapati of XDC Trade Network A huge thank you to everyone who presented, attended, and helped make this event such a success! https://lnkd.in/ez8QQwza Follow GTR Ventures for curated #tradetech insights. #tradejustgotsmarter #TradeFinance #TradeTech #TradeNetwork Rupert Sayer Kelvin Tan Peter Gubbins
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Yesterday (25th November) we had the privilege of hosting a free workshop on unlocking trade finance, in partnership with IMDA TradeTrust at PSA Horizons, #Singapore. Overlooking the breath taking view of the iconic maritime port ⛴️🏗️of Singapore, It was fantastic to see so many traders, importers, exporters , liquidity providers, come together to explore opportunities in trade finance and discuss the latest innovations in the field. The workshop was packed with great conversations and speakers, including from SGTraDex , and an engaging presentation from Sunil Senapati of XDC Trade Network A huge thank you to everyone who presented, attended, and helped make this event such a success! https://lnkd.in/ez8QQwza Follow GTR Ventures for curated #tradetech insights. #tradejustgotsmarter #TradeFinance #TradeTech #TradeNetwork Rupert Sayer Kelvin Tan Peter Gubbins