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The Hashgraph Association and Hylobiz - a Vayana subsidiary - launch debt-based financial products on Hedera DLT network
With 65 million firms, or 40% of formal micro, small, and medium enterprises in developing countries, facing unmet financing needs of $5.2 trillion every year, Hylobiz is addressing this financing gap through a blockchain-powered solution. The collaboration with THA will expand the on-chain availability and adoption of debt-based financial products in traditional and capital markets, thereby giving the real-world asset (RWA) segment access to a larger pool of liquidity.
Using the Hedera decentralized public network, Hylobiz is providing an infrastructure for SMBs to help reduce the overall cost of servicing loans, facilitate easier movement of capital from a surplus location in the world to a deficit one, and use features of programmable money to bring efficiencies. The offering includes access to Vayana Debt Platform (VDP), a securities & loan tokenization module available off-the-shelf for lending businesses to handle digital currency-based transactions and deploy on Hedera immediately.
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Hylobiz - A Vayana Group Company builds solutions targeted primarily to small businesses and financial services. Hylobiz's digital-first solution is a unified FinTech platform that solves cash flow management in a way that helps businesses to manage their accounts receivables and accounts payables with greater ease.
To Facilitate growth of deserving MSMEs/ Micro Entrepreneurs, alongside other incidental areas where the working capital credit gap remains globally, Vayana Debt Platform ("VDP") is built as a comprehensive blockchain-based loan operating system for digital currencies/deposit tokens/CBDC/Fiat. It enables regulated/alternate lenders and other credit investors to lend to businesses on the Blockchain, harnessing the power of smart contracts to fully digitize their lending operations.
Parent company Vayana is India's Largest Trade Credit Infrastructure, specializing in supply chain finance & other B2B trade credit solutions. Vayana's mission is to democratize the access of timely and affordable trade credit to the smallest entity in the supply chain. Headquartered in India , Vayana has partnered with 20+ banks, serving 3000 supply chains. Vayana offers a range of solutions via its trade finance infrastructure to help enterprises optimize every day B2B Trade. Visit www.vayana.com
The Hashgraph Association is at the forefront of the digital enablement and empowerment of organizations through the broad adoption of Hedera-powered enterprise-grade solutions and decentralized applications, including funding training, innovation, and venture building programs globally. As a non-profit organization headquartered in Switzerland , The Hashgraph Association supports and funds innovation, research, and development that enables economic inclusion and a digital future for all, with a positive environmental, social, and governance (ESG) impact. For further information about The Hashgraph Association, visit www.hashgraph-association.com .
View original content: https://www.prnewswire.co.uk/news-releases/the-hashgraph-association-and-hylobiz---a-vayana-subsidiary---launch-debt-based-financial-products-on-hedera-dlt-network-302141563.html