IOTA launched the trade finance solution Salus, aiming to address the $2.5 trillion trade finance gap.

ChainCatcher news, IOTA has launched a blockchain-based trade finance platform Salus, aimed at addressing the global $2.5 trillion trade financing gap through tokenization technology. Salus focuses on critical mineral supply chains, utilizing IOTA and the 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 critical mineral trades such as copper, lithium, and rare earth elements.