LuxAG Partners with Arqit and Traxpay to Finance Digital Negotiable Instruments
Published: April 03, 2024
Arqit, Traxpay and LuxAG have entered into a trade and supply chain financing partnership for LuxAG to invest in digital negotiable instruments (DNIs), enabling businesses to use DNIs to get easy access to new pools of working capital.
Leveraging Arqit’s TradeSecure™ application that generates highly secure DNIs, Traxpay’s superior supply chain finance (SCF) technology, and LuxAG’s liquidity management solutions, this partnership will deliver much needed liquidity to the SCF market.
LuxAG is a Luxembourg based one-stop-shop service provider for capital market-oriented transactions, with a focus on the structuring and implementation of capital market-oriented transactions. LuxAG facilitates transactions between institutional investor and corporates in search for efficient working capital financing.
Arqit's first-of-its-kind technology delivers unique, referenceable and transferable digital finance instruments which have broad commercial application and enable businesses to get closer to pools of available liquidity and improve their cash flows. Arqit is a world leader in complying with the new standards, by completed legal review, and in making them provably secure.
Traxpay’s Dynamic Financing Platform integrates with corporate clients’ ERP systems and enables the use of digital negotiable instruments, in the form of Promissory Notes, for Post Maturity Financing, paying suppliers on time while settling their obligation to LuxAG on extended terms. Clients can elect to combine Post Maturity Financing with Dynamic Supplier Financing, paying suppliers early in return for a discount, again with liquidity on demand provided by LuxAG.
David Williams, Founder of Arqit said “We are delighted to collaborate with LuxAG and our long-term partner Traxpay to help deliver much needed liquidity to support regional and global supply chains, DNIs enable forward-looking businesses to access and deliver supply chain finance liquidity in real time, with absolute assurance for document integrity, acceptance and transfer – all without undermining their existing terms of trade.”
Markus Wohlgeschaffen, Traxpay MD Markets & Sales said “Without forward-thinking fund managers like LuxAG we couldn’t bring together this offering that will allow us to deliver much needed trade liquidity solutions through non-bank financers into numerous markets across industry verticals including retail, manufacturing and engineering.”
Mihail Belostennyj, LuxAG Managing Director said “We always aim for the most efficient solutions for our corporate clients while creating sophisticated structures to meet the high demands of institutional investor. Backed by Arqit’s robust security and Traxpay’s superior technology, we have the confidence to lend using digital negotiable instruments. This partnership will enable us to enlarge our offering of efficient financing solutions”.