SINGAPORE / HONG KONG, Aug 6, 2019 - (ACN Newswire) - via NEWMEDIAWIRE - LiquidX, the global network for illiquid
assets, is pleased to welcome DBS Bank to its network. DBS, a leading financial services group in Asia, successfully
completed a primary receivables transaction with one of its key relationship clients via the LiquidX network in the
second quarter of 2019.
"Our partnership with DBS marks another step towards building digital ecosystems that enable businesses to deliver
efficient and easily scalable solutions to its customers across borders. DBS' strong digital agenda also makes the bank
an ideal partner as they share a common vision that digitisation will play a key role in transforming the transaction
landscape for trade finance and other adjacent working capital asset classes," noted Jim Toffey, CEO of LiquidX.
"We are excited to be working with LiquidX to bring new working capital solutions for our clients," commented Sriram
Muthukrishnan, Managing Director and Group Head of Trade Product Management at Global Transaction Services, DBS Bank.
"We believe DBS' and LiquidX's innovative technology platform, streamlined legal framework, client network and
digitisation strategy will be complementary and deliver superior and scalable solutions across multiple customer
segments. We welcome such partnerships where focus is placed on improving the overall customer journey."
LiquidX has also expanded its Singapore office, headquarters of Asian business, and hired a team of seven to round out
its origination, legal and product teams. "Asia is a key growth market for LiquidX and we see a tremendous amount of
opportunity across our entire product set. Singapore has a vast and vibrant Fintech community, which coupled with
governmental support for trade and commerce makes it a strong hub for our business" commented Rohit Goyal, head of Asia
at LiquidX. He continued "we have hired an exceptional team who bring a wealth of experience across asset management,
commodities, trade finance and working capital. Our presence in Singapore puts us in position to benefit from the growth
of digital trade networks in Asia."