Appendix A: Market Data & Sources
- Global Trade Finance Gap: $2.5 Trillion
- Source: Asian Development Bank (ADB)
- Global SME Finance Gap: $5.7 Trillion (for MSMEs in emerging markets)
- SME Rejection Rate: 41-50% of SME trade finance applications are rejected.
- Source: ADB, World Trade Organization (WTO)
- Vietnam Market Opportunity: ~$20 Billion (VND 500 Trillion) "white space"
- Source: McKinsey & Company
- Vietnam SME Credit Access: Only 9.3% of SMEs have access to bank loans.
- Digital Trade Efficiency: Digital trade processes can cut transaction times from 36 hours to 3 hours.
Appendix B: High-Level Technology Stack
- Global Issuance Jurisdiction: ADGM (Abu Dhabi Global Market)
- Provides a world-class, comprehensive legal framework for digital securities and RWA tokenization.
- Local Origination Jurisdiction: To be incorporated in the chosen pilot market (e.g., India, Vietnam).
- On-Chain Settlement Currency: USDC (or equivalent Tier-1 stablecoin)
- Ensures deep liquidity, stability, and regulatory compliance for global capital settlement.
- Core Token Standard: ERC-3643 (or equivalent)
- A purpose-built standard for tokenized assets. It is modular, open-source, and allows us to embed compliance (like investor whitelisting) directly into the token itself, which is critical for a regulated RWA platform.
- Blockchain Architecture: EVM-Compatible L2 (e.g., Arbitrum, Stellar)
- Our smart contracts will be deployed on a high-throughput, low-fee network to ensure transactions (funding, repayments) are fast and cost-effective. The specific chain will be selected based on the pilot market and grant partner ecosystem (e.g., Stellar for a U2U grant).
- Platform: Core Investor Portal (dApp)
- A custom-built web application to manage investor whitelisting, asset pool subscription, and reporting.
Appendix C: Compliance Summary (non-binding)
- Two-Entity Separation: The
Local Origination Entity (registered and regulated locally) handles invoice purchase and all local fiat flows. The Global Issuance Entity (ADGM or similar) handles token issuance and investor onboarding. This separation keeps on-chain issuance decoupled from local regulatory frictions.
- Investor Restrictions: Tokens will only be available to accredited/whitelisted wallets to minimize securities risk. Transfer restrictions will be enforced on-chain.
- Remittance Mechanics: All cross-border fund flows will be documented and compliant with local remittance rules (e.g., Form 15CA/15CB in India). A Chartered Accountant will be retained for remittance filings and tax treatment.