Advancing Digital Trade 2025

Images: Midjourney, Getty Images Disclaimer This document is published by the World Economic Forum as a contribution to a project, insight area or interaction. The findings, interpretations and conclusions expressed herein are a result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily represent the views of the World Economic Forum, nor the entirety of its Members, Partners or other stakeholders. © 2025 World Economic Forum. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.Contents Foreword Executive summary Introduction 1 Trade documentation 1.1 Credore: United Nations-compliant trade documentation 1.2 Enigio: Legally recognized digital originals 2 Identity and trust systems for SME trade finance 2.1 Empeiria: Verifiable data and digital product passports 2.2 IOTA: Tokenizing trade data and digital identity for trade finance 3 Credit assessment and SME inclusion 3.1 Jetstream Africa: Credit decisions for SMEs 3.2 Voy Finance: DeFi-based lending for SME trade finance 4 Digital guarantees and payment settlement 4.1 Medad Holdings: Stablecoin-based trade settlement 4.2 Haifin: Digitalizing bank guarantees 5 Policy recommendations 5.1 Trade documentation 5.2 Identity and trust systems 5.3 Credit assessment and SME inclusion 5.4 Digital guarantees and payment settlement 5.5 Cross-cutting initiatives Conclusion Contributors Endnotes3 4 5 9 9 11 13 13 14 16 17 18 19 19 21 22 23 24 25 25 26 28 29 31 Advancing Digital Trade: Insights from the UAE TradeTech Regulatory Sandbox 2