IOTA launches trade finance solution Salus to address the $2.5 trillion trade finance gap

ChainCatcher news, according to official sources, IOTA has launched a blockchain-based trade finance platform called Salus, aimed at addressing the global $2.5 trillion trade finance gap through tokenization technology.

Salus focuses on critical mineral supply chains, utilizing IOTA and TWIN trade data infrastructure to convert traditional paper trade documents into verifiable digital assets. The platform manages the digital identities of supply chain participants through IOTA Identity, tokenizing key trade documents such as warehouse receipts and bills of lading into NFTs and anchoring them on the IOTA ledger.

This solution complies with international digital trade standards, providing transparency, speed, and liquidity support for the trade of critical minerals such as copper, lithium, and rare earth elements.