Spiko and Concordium Partner to Eliminate Escrow and Transform $300B Trade Finance Market

Key Points

1. Spiko, a regulated tokenized money market fund provider, partners with Concordium to remove the need for escrow in trade finance, addressing inefficiencies in the $300 billion market.

2. Concordium's programmable infrastructure allows funds to remain productive until needed, reducing risks associated with traditional escrow and complex smart contracts.

3. The partnership targets industries like pharmaceuticals and oil, where deal sizes often exceed tens of millions, addressing the $2.5 trillion global trade finance gap.

4. Spiko's tokenized money market funds hold short-term government debt from top-rated Eurozone countries and the U.S. Treasury, with over $900 million processed in working capital.

5. Concordium is a scalable Layer 1 blockchain with identity verification via zero-knowledge proofs, while Spiko has surpassed $400M in AUM and $1B in transaction volume within a year.