Emirates NBD to use LiquidX's network to sell commodities

AC

Andra Constantinovici

12 Mar 2020 / 5 Min Read


Emirates NBD has performed its first transaction on the LiquidX platform. The banking and insurance service provider carried out an accounts receivables transaction with a trade finance customer during the final quarter of last year. Emirates NBD’s transaction on LiquidX reportedly involved a large Middle Eastern crude oil producer, which made the sale to a Singapore-based multinational commodity trader.


As noted on LiquidX’s official website, the company aims to “digitize, electronify, and streamline the issuance, trading and operations” of these multi-trillion-dollar asset classes.

Emirates NBD is a Dubai government-owned banking institution and one of the largest financial institutions in the Middle East in terms of total assets (appr. USD 136 billion).
AC

Andra Constantinovici

12 Mar 2020 / 5 Min Read

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