ING-Backed TradeIX Opens Office in Singapore

UK-based TradeIX, a blockchain startup that leverages the technology for trade finance platforms, announced that it had opened an office in Singapore, a global financial center and a fintech hub. Also, the firm announced two key appointments that will help TradeIX achieve its global expansion goals. Eugene Buckley has been hired as business development executive for the Asia Pacific (APAC) region, and Leon Scott was named head of APAC Operations.

Buckley will monitor the development of customer relationships in Asia Pacific. He has almost 15 years of experience in financial markets and specifically in trade finance. Previously, he worked at Standard Chartered Bank as head of trade innovation and alliances.

Buckley commented:

“Asia Pacific is one of the fastest growing regions in trade finance and our presence in Singapore is crucial for our current and future bank clients. The strategy of TradeIX is to continue our focus on expanding our client relationships in Asia Pacific.”

Leon Scott will be responsible for overseeing the delivery of TradeIX projects and services to clients in Asia Pacific and will contribute to the growth of current trade finance activities and relationships. Scott has operated in the trade and commodities, banking, and supply chain management sectors. Previously, he was director at PrimeRevenue, being tasked with managing the firm’s global capital markets product. According to his LinkedIn profile, he also worked for DHL and banking giant HSBC.

Scott commented on his appointment:

“I’m excited to join the team in Singapore. The TradeIX platform changes the way we think about trade finance and makes Trade Finance smarter, more transparent and better connected.” “We anticipate strong growth of our team over the coming year, allowing us to serve more clients while covering a larger part of the trade finance market,” he added.

TradeIX’s new office is located in Singapore’s financial district.

In late June, TradeIX raised $16 million in a funding round led by ING Ventures, the VC arm of ING. BNP Paribas and Tech Mahindra also participated in the investment round.