What are some of the primary use cases and capabil... @gateio

The XDC Network is a premier blockchain in the trade finance industry, offering a variety of use cases and capabilities to enable global trade finance. The first ever trade finance NFT was minted on the XDC Network in September 2021, allowing users to tokenize assets and back them with trade finance. Additionally, a layer two on the XDC Network named XDCTEQ released the first ever trade finance asset backed security token, TRADA, in July 2021. TRADA is a unique token as it uses invoice factoring to open up new funding opportunities to companies around the world, while also providing retail investors with access to a new asset class. The XDC Network is focused on democratizing access to global trade finance, particularly for Micro/Small/Medium Enterprises (MSMEs). Currently, the majority of global trade finance is handled by 13 banks, which tend to be more willing to deal with larger companies, making it difficult for MSMEs to access. The XDC Network is therefore providing MSMEs with the same access to funding as larger companies, while also providing retail investors with a new asset class to invest in. With the global trade finance market size estimated to be around $11.6T USD by 2028, the XDC Network is well-positioned to make a significant impact in the industry.

As I mentioned above, XDC Network is a premier blockchain in the trade finance industry. In September of 2021 the XDC Network had the first ever trade finance NFT, which were NFTs minted on the XDC Network that were backed by trade finance assets. This past July a layer two on the XDC Network named XDCTEQ released a security token called TRADA, which is the first ever trade finance asset backed security token. TRADA is interesting because it uses invoice factoring to open up new funding opportunities to companies around the world while also opening up access to a new type of asset to retail investors around the world (more on TRADA in a bit). These use cases have set a precedent for blockchain to play a major role in closing the trade finance gap and in opening up new asset classes for institutional and retail investors. Today about 90% of global trade finance is handled by 13 banks, and these 13 banks tend to be more willing to deal with large companies making global trade finance had to access for Micro/Small/Medium Enterprises (MSMEs). Furthermore, MSMEs make up for 90% of global businesses, 60-70% of global employment, and 55% of GDP in developed countries. The XDC Network is focused on democratizing access to global trade finance for MSMEs, giving these companies access to the same types of funding that the larger companies have access to, while also opening up the funding side to retail investors. For context, the global trade finance market size is estimated to be about $11.6T USD by 2028. DONE