TradeAssets
TradeAssets is a blockchain-powered RFQ auction marketplace that enables banks and financial institutions to trade trade finance assets (letters of credit, guarantees, Islamic products, supply chain finance) via peer-to-peer price negotiation, serving 100+ member institutions across 17+ countries.
- Company typePrivate
- Founded2018
- HeadquartersDubai, United Arab Emirates
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What TradeAssets does
TradeAssets is a blockchain-powered Request-for-Quotation (RFQ) auction platform purpose-built for the distribution of trade finance assets among financial institutions. Operated by Fintech Innovations International DMCC, a private company incorporated in Dubai's DMCC free zone and founded in 2018 by senior bankers Lakshmanan Sankaran (Founder & CEO) and Sumit K. Roy (Co-Founder & CMO), the platform was launched in 2019 to digitize the historically manual process of buying and selling trade finance instruments. The platform enables peer-to-peer price negotiation and bilateral auction execution between member banks for instruments including Letters of Credit, LC Discounting, Guarantees, Islamic Products (Murabaha and Kafalah variants), Open Account Finance, Reimbursement Financing, and (under development) Supply Chain Finance.
The underlying technology is a web-based blockchain marketplace with tamper-proof transaction records, embedded analytics, 24/7 availability, and selective counterparty visibility — replacing the email/fax/spreadsheet workflows that dominate trade finance distribution today. Members include tier-1 institutions such as SMBC, Emirates NBD, First Abu Dhabi Bank, Saudi National Bank, Abu Dhabi Islamic Bank, Mashreq, Bank Muscat, and British Arab Commercial Bank, spanning 17+ countries across the Middle East, South Asia, Europe, East Asia, and North America.
The business model is subscription-based membership sold to financial institutions through a sales-led enterprise GTM motion, with verification of company details, SWIFT BIC, and credit ratings during onboarding. Pricing is undisclosed but described as 'reasonable,' with no public funding rounds, no institutional investors, and no parent company disclosed. The company maintains a distributed advisory and sales team across the UAE, India, Bahrain, Canada, Turkey, Sweden, Malaysia, and Sri Lanka, and operates marketing partnerships with GTR (Global Trade Review) and DMCC, alongside regional partners in Singapore, Czech Republic, and Malaysia.
TradeAssets firmographics
Firmographics- Name
- TradeAssets
- Legal name
- Fintech Innovations International DMCC
- Website
- https://tradeassets.online
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- TradeAssets is a blockchain-powered RFQ auction marketplace that enables banks and financial institutions to trade trade finance assets (letters of credit, guarantees, Islamic products, supply chain finance) via peer-to-peer price negotiation, serving 100+ member institutions across 17+ countries.
- Ownership category
- akta.pro rank
TradeAssets industry classification
Industry- Product category
- Trade Finance E-Marketplace / FinTech Platform
- NAICS
- Commodity Contracts Intermediation (52316), Securities and Commodity Exchanges (523210)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Trade Finance & Receivables Tokenization (FSADAEAG)
- akta.pro secondary industry
- Trade Matching & Crossing Networks (FSAFANAL)
Keywords
Where TradeAssets is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices1 record
Markets served
TradeAssets business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Platform Subscription: TradeAssets operates as a subscription-based e-marketplace where member institutions pay to access the platform for trade finance risk distribution. The platform enables peer-to-peer price negotiation and asset transactions between member banks.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Subscription-based membership model |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels8 records
TradeAssets product offering
Product offeringCore offering
TradeAssets is a blockchain-powered RFQ auction e-marketplace that enables banks and financial institutions to discover prices, negotiate, and execute peer-to-peer transactions for trade finance assets, including Letters of Credit, Guarantees, LC Discounting, Open Account Finance, Reimbursement Financing, Islamic Products, and Supply Chain Finance. The platform replaces manual processes such as emails, faxes, spreadsheets, and phone calls with an automated 24/7 auction-based distribution channel for subscribing member institutions.
Product overview
TradeAssets is a single unified platform — the first blockchain-powered RFQ auction marketplace for trade finance asset distribution, launched in 2019. The platform is offered as a membership-based service to subscribed financial institutions. It comprises multiple product modules covering the full spectrum of trade finance instruments: Guarantees, Letters of Credit, LC Discounting, Open Account Finance, Reimbursement Financing, Islamic Products (Murabaha and Kafalah variants), and Supply Chain Finance (under development). The core platform enables peer-to-peer price negotiation and auction-based asset discovery between member banks.
Differentiator
Problem solved
Functional benefit
Products and services
- TradeAssets Platform Blockchain-powered RFQ auction e-marketplace that enables member banks and financial institutions to discover prices, negotiate, and execute peer-to-peer transactions for trade finance assets online.
- Letters of Credit Letter of Credit products supported on the platform, including LC Issuance, LC Confirmation, Standby Letter of Credit, and related variants, tradable between member institutions.
- Guarantees Trade finance guarantee products tradable on the platform, including Advanced Payment Bond, Bid Bond, Performance Bond, and other guarantees.
- LC Discounting LC Discounting services tradable on the platform, including Letter of Credit Discounting, Post Acceptance LC Discounting, LC Confirmation and Discounting, and Usance Payable at Sight (UPAS).
- Open Account Finance Open account financing products tradable on the platform, including Avalised Draft Financing, Post Acceptance Non-LC Discounting, Suppliers Credit, Trade Loan/Financing, Import Financing, and Export Financing.
- Reimbursement Financing Reimbursement financing products tradable on the platform, including Reimbursement Authorization Financing and Irrevocable Reimbursement Undertaking Finance.
- Islamic Products Sharia-compliant trade finance products tradable on the platform, including 9 Murabaha variants (Export/Import Bill Financing, Avalised Draft Financing, Debt Financing, LC Bill Financing, etc.) and 4 Kafalah variants (Advanced Payment Guarantee, Bid Bond, Performance Bond), plus Islamic versions of LCs and standby letters of credit.
- Supply Chain Finance Supply chain finance products under development, including Production Finance, Business Finance, In-transit Inventory Finance, Warehouse Receipt Finance, Receivable Finance, Supplier Finance, Buyers Credit, Account Receivable Finance with recourse, Payable Finance, Collection Finance, Supplier Payments, Approved Payable Finance, Forfaiting, Export Factoring, Reverse Factoring, and others.
Quantifiable outcome
- Users' banks can generate an additional $12 billion in revenue with TradeAssets
Companies that use TradeAssets
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles3 records
TradeAssets technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
TradeAssets partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor.
- Singapore Finance Association (SFA)minorIndustry membership organization supporting trade finance industry standards and networking.
- International Chamber of Commerce (ICC)minorIndustry membership providing global trade standards and commercial frameworks.
- International Trade and Forfaiting Association (ITFA)minorIndustry membership for trade and forfaiting professionals.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
TradeAssets competitors and assessment
Company assessmentDirect peers
- Contour (formerly Voltron): Blockchain-based trade finance network enabling peer-to-peer issuance and negotiation of letters of credit among member banks. Closest direct competitor in digital LC workflow.
- Surecomp: Trade finance and supply chain finance software provider serving banks and corporates; overlaps with TradeAssets on the bank-side trade finance distribution and pricing workflow.
- komgo: Consortium-backed blockchain platform for trade finance asset exchange among banks. Directly competes with TradeAssets in the RFQ/auction space for LCs, guarantees, and receivables financing.
- Bolero International: Digital trade finance platform enabling electronic bills of lading and bank-to-bank trade transaction messaging. Competes for the same bank digitization wallet.
- we.trade: Bank consortium (HSBC, Santander, UniCredit, etc.) blockchain platform for trade finance and open account transactions. Overlaps with TradeAssets' buyer/seller matching for trade instruments.
- Marco Polo Network (TradeIX / R3): Trade finance and working capital platform built on R3 Corda, enabling bank-to-bank payment commitments and receivables financing. Competes in the same blockchain trade finance category.
Emerging players
- Traydstream: AI-driven trade document scrutiny and compliance platform for trade finance. Adjacent to TradeAssets on the trade finance digitization workflow but focused on compliance, not pricing.
- CargoX: Blockchain document transfer platform for trade, including electronic bills of lading. Adjacent in digitizing trade finance documentation with a narrower product scope.
Broad incumbents
- MUFG Trade Platform: Major Japanese bank with proprietary blockchain trade finance initiatives; competes for trade finance distribution mandates in APAC where TradeAssets is building presence.
- Finastra: Large financial software vendor with a broad trade finance and corporate banking suite. Competes as a broader incumbent offering, not a specialized marketplace.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
TradeAssets social profiles
Digital presenceTradeAssets financial estimates
Financial estimateRevenue estimate
Valuation estimate
TradeAssets leadership team
Management profileNumber of profiles
Profiles6 records
TradeAssets funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TradeAssets M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TradeAssets
What does TradeAssets do?
TradeAssets is a blockchain-powered RFQ auction e-marketplace that enables banks and financial institutions to discover prices, negotiate, and execute peer-to-peer transactions for trade finance assets, including Letters of Credit, Guarantees, LC Discounting, Open Account Finance, Reimbursement Financing, Islamic Products, and Supply Chain Finance. The platform replaces manual processes such as emails, faxes, spreadsheets, and phone calls with an automated 24/7 auction-based distribution channel for subscribing member institutions.
Is TradeAssets a public or private company?
TradeAssets is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was TradeAssets founded?
TradeAssets was founded in 2018. It employs 11 to 50 people.
Where is TradeAssets based?
TradeAssets is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does TradeAssets make money?
One revenue line is on record: platform Subscription.
Who are TradeAssets's main competitors?
Direct peers on record are Contour (formerly Voltron), Surecomp, komgo, Bolero International, we.trade and Marco Polo Network (TradeIX / R3). Emerging players are Traydstream and CargoX. Broad incumbents are MUFG Trade Platform and Finastra.
Does TradeAssets have an API?
No public API is recorded for TradeAssets.
What industry is TradeAssets in?
TradeAssets's product category is Trade Finance E-Marketplace / FinTech Platform. Its primary akta.pro industry code is FSADAEAG, Trade Finance & Receivables Tokenization, with a secondary code of FSAFANAL, Trade Matching & Crossing Networks. Its NAICS code is 52316 and its SIC code is 6200.