Blockchain Network XinFin Names Andre Casterman As Advisorbr>
Hybrid blockchain platform XinFin Network has announced that it has secured former SWIFT Corporate & Trade head Andre Casterman as an advisor.
XinFin is a Hybrid Blockchain technology company focused on international trade and finance. XinFin blockchain is powered by XDC01 protocol, which is built over the first of its kind Hybrid Blockchain architecture to eliminate the inefficiencies in global trade and financing and to enable institutions provide real time settlement as well as enabling cross border smart contracts.
Casterman spent more than 20 years at SWIFT, leading global innovations in the inter-bank payments, corporate treasury, trade finance markets. During that time, he established an institutional partnership between SWIFT and the International Chamber of Commerce (ICC) and created the first natively digital trade settlement instrument based on ICC rules and smart contract technology before blockchain was even available. He also chairs the ITFA’s FinTech Committee which gathers 31 FinTechs active in trade-related technologies that help originators automate trade finance processes and attract institutional investors to the asset class.
“There is a growing acceptance in the role that digital assets will play in the future digital economy. The most significant move is actually coming from the regulators themselves as some want to stay ahead of the curve and have therefore adapted their regulatory frameworks to support wider adoption of digital assets,” said Atul Khekade, Co-Founder of XinFin Hybrid Blockchain Network. “We are delighted to welcome Andre Casterman to our advisory team. Andre’s guidance will help us extend the benefits of digital assets to the alternative finance industry. Collaboration with market participants is a priority for XinFin.”
Casterman said that SME financing remains a huge opportunity for alternative lenders, incumbents and that the availability of advanced technology with progressive regulatory action offers new business opportunities for SME-focused lenders.
“The XinFin digital asset infrastructure is designed to be regulated under community-driven governance models and through regulated institutions,” Casterman said.