| Traxia Movement Price | Change 24H | Change 7D | Change 1M | Change YTD | Market Cap | Volume 24H | Circ. / Max Supply | |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | 328.32 M / 10.00 B | 3.2/5 (#642) |
Learn what is Traxia Movement and how does Traxia Movement work
Traxia is a B2B trade finance platform that allows SMEs to access short-term funding by using their accounts receivables as collateral. Institutional investors can buy and trade this newly created tokenized debt securities on a global market. TMT is an ERC20 utility token that serves as a currency on the Traxia platform.How does it actually work?1) A Small Medium Enterprise (SME) creates a profile and Uploads their invoices with a large multinational company (MNC) to the platform.2) The MNC verifies the invoice and if in agreement with the terms, accepts the debt by using their private key.3) We create a digital asset (smart-contract) out of that invoice - this debt security can now be traded.4) Institutional investors make an offer to buy this debt security at a discount5) The Investor who bids the lowest discount acquires the debt security token by paying the SME in a Fiat currency.6) The Investor now owns the security. He can also trade it on a secondary market.7) On the due date, the MNC pays the investor or the current holder of the debt security back in fiat currency.
Traxia is a B2B trade finance platform that allows SMEs to access short-term funding by using their accounts receivables as collateral. Institutional investors can buy and trade this newly created tokenized debt securities on a global market. Traxia is the first project invested by Cardano Core team (Emurgo).
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