ChainCatcher news, according to official sources, the investment division of the stablecoin issuer Tether, Tether Trade Finance, has completed its first financing for a Middle Eastern crude oil transaction.It is reported that the transaction was completed in October 2024 and aims to facilitate the loading and transportation of 670,000 barrels of Middle Eastern crude oil, valued at approximately 45 million dollars.

ChainCatcher message, the RWA protocol Polytrade Finance is expected to launch the RWA Marketplace in December 2023, with the first phase focusing on creating discovery for all assets and establishing secondary trading for the collectibles asset class.

ChainCatcher news, DWF Labs announced that it has established a strategic partnership with Polytrade Finance, a protocol focused on aggregating and addressing RWA needs. Both parties will enable institutions and protocols to join Polytrade's upcoming multifunctional hub, the RWA Marketplace, which integrates real-world assets.According to data from RootData, Polytrade completed a $3.8 million seed round financing on March 30, 2023, led by Alpha Wave, Matrix Partners, Polygon Ventures, and CoinSwitch Ventures, with other investors including Singularity Ventures and GTM Ventures. The company previously received support from Polygon co-founder Sandeep Nailwal and QuickSwap co-founder Sameep Singhania, among others.

ChainCatcher news, DWF Labs officially announced a strategic partnership with Polytrade Finance and will incorporate institutions and protocols into Polytrade's upcoming RWA Marketplace.Polytrade founder Piyush Gupta stated, "Our collaboration with DWF Labs demonstrates our commitment to redefining the landscape of real-world assets. Together, we will drive innovation and change the way global financial institutions and users access and engage with real-world assets."

ChainCatcher news, Swiss blockchain trade finance platform Komgo has announced the acquisition of Canadian trade finance solution GlobalTrade Corporation (GTC), with the acquisition amount undisclosed. Komgo and GTC jointly provide trade finance digital solutions for over 120 multinational clients and their more than 11,000 subsidiaries. (Source link)

ChainCatcher news, the Monetary Authority of Singapore (MAS) shares the results of the first pilot project of its Project Guardian, which focuses on exploring DeFi and Tokenization. MAS also announced two additional pilot projects, namely Trade Finance and Wealth Management.Standard Chartered is leading the first pilot project, exploring the Tokenization of trade finance assets. In the Wealth Management pilot project, HSBC and UOB are collaborating with the blockchain Tokenization platform Marketnode, aiming to issue native digital wealth management products to enhance efficiency and expand the number of new users.DeFi is one of the four key areas of Project Guardian; the two newly announced pilot projects focus on Tokenization; other areas include trust anchors that enable institutions to participate in public chains and explore open interoperable networks. (Source link)