ABU DHABI, United Arab
Emirates, July 16, 2020
/PRNewswire/ -- XinFin Network - the digital asset
infrastructure powering working capital platforms and
financial institutions - announced today that it has secured
ex-SWIFT Corporate & Trade head Andre
Casterman as an advisor. Acting as a collaborative
technology provider, XinFin brings tokenization technology to trade
financiers, focusing on alternative lenders, SME market.
"There is a growing acceptance in the role that digital
assets will play in the future digital economy. The most
significant move is actually coming from the regulators themselves
as some want to stay ahead of the curve and have therefore adapted
their regulatory frameworks to support wider adoption of digital
assets," said Atul Khekade, Co-Founder of XinFin Hybrid
Blockchain Network.
He added: "We are delighted to welcome Andre Casterman to our advisory team. Andre's
guidance will help us extend the benefits of digital assets to the
alternative finance industry. Collaboration with market
participants is a priority for XinFin."
XinFin is the first of its kind hybrid blockchain network. It
combines the power and transparency of public networks with the
speed and security of private networks. It is also cost-efficient
as a permissioned consensus mechanism replaces waste-intensive
mining. The network embeds a payment and settlement layer thanks to
its XDC token supported by approved financial institutions. It
supports secure and audited smart contracts and IOT
integration.
"SME financing remains a huge opportunity for alternative
lenders, incumbents. The availability of advanced technology with
progressive regulatory action offers new business opportunities for
SME-focused lenders. The XinFin digital asset infrastructure is
designed to be regulated under community-driven governance models
and through regulated institutions," added Andre Casterman, Founder of Casterman Advisory,
lead of the "Alternative Finance" learning lab at the World of Open
Account (WOA).
By collaborating with SME-focused lenders, XinFin expands the
pools of liquidity available to those in need of working capital.
XinFin Network is a member of the International Trade and
Forfaiting Association (ITFA) and the World of Open Account
(WOA).
About XinFin Hybrid Blockchain Network
XinFin.org is a highly scalable, secure, commercial-grade
Hybrid blockchain architecture. Interoperable Smart Contracts
enables digitization, tokenization, and instant settlement of trade
transactions increases efficiency, and reduces reliance on complex
FX infrastructures, allowing for increased flexibility in liquidity
management for financial institutions. Access to XinFin Network is
accessible to financial institutions through Abu Dhabi Global
Markets (ADGM) regulated TradeFinex Tech Ltd., an ADGM Reglab
Entity.
About Andre Casterman
Andre Casterman spent 20+ years at
SWIFT, leading global innovations in the inter-bank payments,
corporate treasury, trade finance markets. During that time, he
established an institutional partnership between SWIFT and the
International Chamber of Commerce (ICC) and created the first
natively digital trade settlement instrument based on ICC rules and
smart contract technology before blockchain was even available.
Andre also chairs the ITFA's Fintech Committee which gathers 31
fintechs active in trade-related technologies that help
originators automate trade finance processes and attract
institutional investors to the asset class.
Related Images
andre-casterman.jpg
Andre Casterman
XinFin Network Secures Ex-SWIFT Corporate & Trade Head Andre
Casterman as an Advisor.
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SOURCE XinFin