European stablecoin issuer Qivalis sees transformation of global trade finance
Jan-Oliver Sell, the CEO and founder of Qivalis, said the entire trade finance supply chain is moving into stablecoins.
Trade finance, the cash flow that supports businesses carrying out global trade, has long been seen as a ripe area for digital ledger-based upgrades. That’s now coming to fruition as the sector currently undergoes a stablecoin-driven transformation, according to euro-pegged token issuer Qivalis.
The steady seismic impact stablecoins have had on cross-border payments is well documented. But specifically the trade finance use case is being fundamentally altered, according to Jan-Oliver Sell, the CEO of Qivalis, which has onboarded 37 European banks in the past year.
Conversations with players across the ecosystem show that trade finance has become a focus in regions like Asia, LatAm and Africa, Sell said. In addition, he said dedicated trade finance funds that provide financial instruments and also buy commodities are basically seeing a shift, where their whole supply chain in operating stablecoins, increasingly without needing to off-ramp to fiat.
“Now there are stablecoins with liquidity, so you’ve got the payment side as well, which was the piece that was missing. So, it's really interesting to hear from people who are at the coal face about how much it's changing their business,” he said.