GUUD and Intraco enter into strategic partnership to launch the first SDAX trade finance and supply chain asset token

SINGAPORE, August 24, 2023 /PRNewswire/ — GUUD Pte. ltd (“GUUD”), a global provider of trading technology platforms and supply chain finance solutions, and Intraco Limited (“Intraco”), a Singapore-listed motherboard company that is a leading provider of tokenized short-term corporate advertising securities to accredited Investors and an experienced plastic resin trader are pleased to announce their strategic partnership to launch the first trading token (“TradeTok”) on the SDAX Exchange Pte. to announce. Ltd.’s (“SDAX”) multi-asset private markets investment platform regulated by the Monetary Authority of Singapore. The TradeTok will be issued to accredited investors in the SDAX and the proceeds will be used to fund trade finance and supply chain assets.

The partnership leverages the strengths of GUUD for its innovative trade finance solutions and Intraco, known for its knowledge in tokenization, trading and distribution. By combining the expertise and scale of both companies, the partnership aims to revolutionize the way trade finance and supply chain assets are financed and managed, closing trade finance gaps and increasing efficiencies in global supply chain operations .

GUUD Asset Backed Financing (“ABF”) is an innovative solution that facilitates risk mitigation within the supply chain and plays a crucial role in supporting the financial stability and growth of businesses. With its extensive expertise, global network and digital capabilities, GUUD’s RYTE ABF business focuses on the wholesale of renewable energy and biofuels such as ethanol. By using advanced digital e-logistics platforms and technologies integrated with IoT tracking capabilities, companies can seamlessly secure funding for their assets, manage and monitor their assets, and improve their working capital to grow their business enlarge.

Through this collaboration, Intraco will facilitate the tokenization of GUUD’s supply chain funded assets and leverage SDAX’s platform with its extensive distribution capabilities. SDAX’s network of international distribution partners will provide new liquidity pools to expand GUUD’s supply chain financing model.

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“This partnership represents an important milestone in the evolution of trade finance and supply chain finance as it combines cutting-edge technology with the expertise of industry leaders. It offers market participants a more efficient and transparent way to access trade finance assets while mitigating risks and improving liquidity in the market,” said Eldwin Wong, CEO of GUUD Finance.

“Both companies are committed to driving innovation and fostering closer collaboration. By leveraging the power of technology, Intraco’s extensive knowledge and network, we aim to create new opportunities for companies and investors in the global trading landscape,” said Mak Lye Mun, Chief Executive Officer, Intraco Limited.

“As we continue to scale, this innovative TradeTok expands the breadth of offerings available on our platform. We are excited to support GUUD and Intraco through our network of distribution partners to introduce this exciting asset class to investors around the world.” said Rachel ChiaActing CEO of the SDAX.

For media inquiries or more information, please contact:

GENERAL Pte Ltd

Chong Kit Lee
marketing chief
[email protected]

Intraco Limited

David Hoon
manager
[email protected]

Eleven Pte. GmbH.
On behalf of SDAX

Sharon Seetho
[email protected]

About GUUD Pte Ltd

GUUD is a market-leading global commerce technology company providing end-to-end, seamless digital solutions and platforms that simplify global commerce. Our comprehensive solutions cover the entire trade value chain, from procurement platforms, logistics and compliance platforms, supply chain financing solutions to e-government portals that enable efficient cross-border trade.

Through connected platforms, we simplify global trade for key stakeholders such as government agencies, freight owners, freight forwarders, freight forwarders, leveraging technologies such as AI-powered cognitive machine reading (CMR), IOT tracking system, EDI and API integration.

GUUD Finance is a wholly owned subsidiary of GUUD Pte Ltd and a trusted partner for companies seeking innovative and effective financing solutions. His deep understanding of trade finance and supply chain operations plays a crucial role in ensuring smooth trade finance and supply chain operations. With a focus on digitization, transparency and efficiency, GUUD enables companies to optimize their trading processes and open up new growth opportunities.

headquarters in SingaporeWe are growing rapidly with regional offices in Indonesia, Cambodia And Kenya. GUUD has completed B2B and B2G trade facilitation projects in more than 17 countries around the world.

About Intraco Limited

Intraco Limited was incorporated on Nov. 5, 1968 and was Singapore’s Trade branch to explore overseas markets and identify new sources of raw materials. It played a crucial role in the growth of Singapore as a young nation that had to rely on an export-oriented industrialization strategy at the time. Since then, Intraco has been listed on the Singapore Stock Exchange December 18, 1972. Intraco has evolved over the years and today, through its subsidiaries, is engaged in the distribution and trading of plastic resins and alcohols, the provision of cellular infrastructure management services and is a leading full-service provider of passive fire protection products and services in Singapore. Intraco has also expanded into businesses related to digital assets, with the goal of offering a range of strategic advisory services and products to listed and unlisted companies, as well as accredited investors. Intraco is a leading arranger of tokenized short-term commercial paper in Singapore. In Sep 2022It offered accredited investors an opportunity to invest in a portfolio of Burgundy wines via digital wine tokens. Intraco is headquartered in Singapore and has a presence in key emerging markets Vietnam, Indonesia, Malaysia And China.

For more information, visit https://www.intraco.com.sg/

About SDAX

Based in SingaporeSDAX is a globally connected, integrated digital financial services platform that offers asset owners and investors a full range of investment opportunities to benefit from the world’s private markets. Regulated by the Monetary Authority of SingaporeSDAX’s stock exchange platform offers the opportunity to access exclusive investments from its ecosystem and secondary market trading via its Digital Asset Exchange.

SDAX gives investors access to curated investment opportunities in private equity, funds, real estate and alternatives that have passed SDAX’s rigorous due diligence process. SDAX connects markets through partnerships with participants North AmericaThe Great Britain, Europe and that Asia Pacific region and provides a seamless and efficient cross-border digital assets ecosystem for wealth creation.

SDAX is backed by shareholders with strong track records in their respective fields: ESR, the largest real asset manager in APAC; PSA International, Singapore’s leading port group; The renowned Straits Trading Company Singapore conglomerate investment company; and multidisciplinary professional services group, RHT Group of Companies.

Visit https://www.sdax.co/ for more information.

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SOURCE SDAX

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