Trade Finance

Bridging Finance and Supply Chain Flows

The Asian Development Bank estimates a global trade finance gap of over $2.5 trillion. In 2021, GSBN established the Trade Finance Advisory Group with major banks including Bank of China, DBS, and HSBC, to explore new solutions to address this growing gap.

Since its inception, the Trade Finance Advisory Group has actively explored ways to share shipping data with banks to streamline the trade finance process. Through applications built on top of our infrastructure, banks can now directly access data from eBLs for Invoice Financing or use electronic presentation for Letter of Credit.

In November 2023, to promote more innovation in trade finance, GSBN joined forces with Ant Group’s ZAN to investigate the tokenisation of eBLs, a move that could lead to the securitisation of global trade flows and broaden access to trade finance for small and medium-sized enterprises (SMEs).

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