DMCC Mitigates Online Transactions
DMCC Tradeflow inks MoU with TradeAssets Dubai Multi Commodities Centre (DMCC), the world’s leading Free Zone for commodities trade and enterprise, announced today its collaboration with TradeAssets, the first blockchain-powered trade finance e-marketplace of its kind for banks. Through its collaboration with DMCC Tradeflow, a dedicated flexible and customised online platform for registering possession and ownership of commodities in the UAE, TradeAssets will gain access to a larger client base of institutional investors looking to mitigate risk when conducting online primary and secondary trade finance transactions. DMCC will also strategically assist TradeAssets with lead generation and business development, as well as help the digitally driven entity in identifying potential eligible financial partners. Sanjeev Dutta, Executive Director, Commodities and Financial Services, DMCC, said: “DMCC is committed to driving global trade flows through Dubai and ensuring tha