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.
“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.”
“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”.
About Arqit
About Arqit TradeSecure™
Arqit TradeSecure™ enables the creation, safekeeping and secure transfer of Digital Negotiable Instruments (DNIs). DNIs are secure digital forms of well established, globally recognised paper trade finance instruments: e.g. Promissory Notes & Bills of Exchange. As a result of recent legislation DNIs now have the same legal standing as paper instruments and will be an integral part of 21st century corporate working capital solutions including supply chain and invoice finance.
TradeSecure improves business performance for everybody in the supply chain by:
- Freeing up working capital for Buyers to pass on to their Suppliers
- Allowing businesses to improve cash flow
- Driving down costs across the entire supply chain
- Generating a direct bottom line contribution for Buyers
- Providing end to end data transparency and a full transaction audit trail
- Making it easier for a range of Investors to provide much needed working capital finance
- Increasing security and reducing operational risk.
Arqit’s quantum-safe encryption technology provides a robust security solution, which harnesses our military-grade data encryption expertise. Secured by symmetric digital keys and notarised on a quantum-secure ledger, DNIs can be created, transferred and stored in a fully auditable and secure manner throughout their lifecycle. tradesecure.arqit.uk
About Traxpay
Traxpay is a tradetech company providing working capital optimisation using a comprehensive suite of supply chain finance instruments. The Traxpay Dynamic Financing Platform© offers combined solutions for payables, receivables and payment risk management. They practice upcycled financing using negotiable financing instruments in their digital form, taking care of payment, financing and hedging in one.
Established financial institutions such as Deutsche Bank,
About LuxAG
LuxAG is a management company and operates a Luxembourg securitisation vehicle. LuxAG has over 15 years of experience in structuring and managing capital markets transactions for institutional investors. LuxAG service offering suite includes off-balance sheet securitisation solutions, product and portfolio-management, risk management, payment processing, credit analysis, credit enhancement solutions, and NAV calculations. LuxAG operates a securitisation vehicle in Luxembourg.
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Caution About Forward-Looking Statements
This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These forward-looking statements are based on Arqit’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Arqit’s control. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Arqit to predict these events or how they may affect it. Except as required by law, Arqit does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date this communication is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect Arqit’s future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: (i) the outcome of any legal proceedings that may be instituted against the Arqit, (ii) the ability to maintain the listing of Arqit’s securities on a national securities exchange, (iii) changes in the competitive and regulated industries in which Arqit operates, variations in operating performance across competitors and changes in laws and regulations affecting Arqit’s business, (iv) the ability to implement business plans, forecasts, and other expectations, and identify and realise additional opportunities, (v) the potential inability of Arqit to successfully deliver its operational technology, (vi) the risk of interruption or failure of Arqit’s information technology and communications system, (vii) the enforceability of Arqit’s intellectual property, and (viii) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Arqit’s annual report on Form 20-F (the “Form 20-F”), filed with the
Source: Arqit
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