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

According to ChainCatcher, according to official news, IOTA launched Salus, a blockchain-based trade finance platform, aiming to solve the global trade financing gap of $2.5 trillion through tokenization technology. Focusing on critical mineral supply chains, Salus uses 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, tokenize key trade documents such as warehouse receipts and bills of lading into NFTs and anchors on the IOTA ledger. The solution complies with international digital trade standards and provides transparency, speed and liquidity support for trade in key minerals such as copper, lithium and rare earth elements.