Business
I maintain a Hold rating on RSKD, as the current valuation assumes margin recovery and sustained growth, yet margin improvement timelines remain unclear. Riskified (RSKD), an e-commerce fraud prevention and risk management platform powered by AI, has seen its growth pick up considerably this year.…
business information
Key risks include slower revenue growth, integration challenges from new products, and potential margin pressure from low-yielding transaction volume. The Merchant Relationship Has Room to Grow Adyen N.V. (ADYEY) offers an attractive route to increased profitability, as there are opportunities to…
The RWA perpetuals market has surpassed the entire previous year's volume in a single quarter — but what actually stands behind these instruments, who bears the risk, and why institutional capital is still not rushing in.
TradFi perpetuals on crypto exchanges promised 24/7 access to stock and commodity prices with leverage. Instead, they delivered a chronicle of depegs, regulatory crackdowns, oracle failures, and cascading liquidations. This analysis breaks down the precedents—from Mirror Protocol and Synthetix to Binance and FTX tokenized stocks—and explains the mechanics, vulnerabilities, and regulatory contours of RWA derivatives.
Banks are moving demand guarantees and letters of credit into smart contracts. What exactly can be automated, where the limits of formalization lie, and why pilots do not yet prove scalability — an analysis of tokenized deposits, oracles, legal finality, and the lessons of Contour, we.trade, Marco Polo, and TradeLens.
Multi-year deferred payments, stage-by-stage risks, and the bank guarantee that decides everything: how forfaiting and export credit agency cover actually work in engineering export.
Banks are exiting oil and gas trade finance—not because of a lack of demand, but because compliance economics have turned against them. This analysis breaks down the sanctions, AML, and settlement risks that make every link in the transaction chain a potential liability, and why tokenization does not change the rules of the game.
Just-in-time is giving way to just-in-case. But resilience has a price — frozen working capital. How inventory growth, supplier deferrals, and SCF programs are reshaping the cash conversion cycle in 2026.
SWIFT's parallel MT/ISO 20022 period for CBPR+ ended in November 2025 — and with it, the era of the single unstructured text line in cross-border payments began to close. But does structured data automatically mean cleaner sanctions screening? Not quite. ISO 20022 creates the technical possibility for a 25–30% reduction in false positives — yet only if the fields are actually populated, counterparty reference data is clean, screening rules are recalibrated, and every bank in the chain is on board. This analysis breaks down what really changed, where the gaps remain, and the five steps compliance teams must take to turn format compliance into measurable screening efficiency.
India has launched a $3 billion Export Promotion Mission to help MSMEs reach $2 trillion in exports by 2030. But state guarantees alone cannot close the trade finance gap — digital RWA platforms and tokenization in GIFT City are emerging as the fast lane to working capital.
Trade finance is undergoing a fundamental shift as banks retreat and tokenization emerges as a new liquidity channel. Evgeny Gozman of Edenex explains how converting invoices into digital assets can cut settlement times from months to hours — and why CFOs can no longer afford to ignore it.
The global trade finance deficit has reached $2.5 trillion a year. Banks are withdrawing from the MSME segment, and exporters are losing orders. Tokenized export contracts (RWA) are emerging as an alternative channel: 15-45 days instead of months, legal isolation of the asset through an SPV, insurance, and real-time monitoring via oracles. Market forecasts range from $2 trillion to $16 trillion by 2030.
A marketplace and system of record that connects capital with documented export shipments. Edenex operates the platform and keeps the record; it holds no client funds and does not itself provide custody, payment, exchange or investment services. Regulated activities are performed by licensed firms under their own permissions.
A subordinated position in the financing of one identified export shipment – goods already sold to a named overseas importer, not a blind pool. You do not own the goods; you hold a position in that deal and are repaid from its proceeds.
Cover, collateral and the payout order are set on the deal before capital moves. Where a policy attaches, the claim runs first; recovery and collection follow; whatever is received is then paid out in the agreed order, senior before junior. Junior is priced for that position. Capital is at risk and no outcome is guaranteed.
Outside the operator, by design. The platform is built so that client funds sit with licensed custodians, escrow agents and authorised payment firms in segregated accounts under their own permissions, while Edenex issues instructions and keeps the record. No part of the design brings client money to Edenex. Some of these arrangements are still being put in place.
No. Edenex does not execute payments. Cross-border and invoice settlement is designed to run through licensed payment providers on their own permissions, inside the deal timeline.
Yes. Exporters go through KYB and document checks; financing is arranged per deal against confirmed orders and invoices. Acceptance is not automatic.
Each role onboards separately: KYB, a permissions check and a role agreement. Lenders fund the senior tranche, insurers underwrite cover where a policy attaches, and payment, logistics and customs partners act inside the deal timeline under their own licences. See the Partners page for models and integration steps, or write to [email protected].
