Standard Bank taps TraydFund for trade asset distribution

By Divya Shah

Standard Bank adopted TraydFund, Traydstream’s bank-to-bank trade asset distribution platform, becoming the first client in Africa and the META region to implement the solution. 

TraydFund is a bank-to-bank trade asset distribution engine that enables banks to distribute and invest in trade assets through a secure digital environment. The platform supports direct engagement between participating institutions, as well as negotiation, document exchange and improved visibility throughout the transaction lifecycle. 

By adopting TraydFund, Standard Bank gained access to Traydstream’s global banking network, enabling the bank to enhance its distribution capabilities, strengthen connections with banking counterparties and support future growth opportunities in trade finance. 

The renewed agreement also established a framework for deeper collaboration between the two organisations and further expansion across the region. 

Sameer Sehgal, CEO of Traydstream, said, “Standard Bank has been part of Traydstream’s journey from the very beginning. Over the past seven years, we have grown together and built a partnership founded on trust, collaboration and a shared commitment to transforming trade finance. Their continued confidence in us is a testament to our solutions, our people and our ambition to become the most applicable trade partner in the world.” 

 Standard Bank Group and Traydstream, which has spanned more than seven years. Standard Bank was Traydstream’s first platform client, and the two organisations have continued to expand their collaboration through trade finance innovation initiatives. 

Daniel Morais, Head of Trade & Balance Sheet Solutions at Standard Bank Group, said, “Trade serves as the bedrock of global economic growth. Through partnerships with our clients, financial institutions, logistics providers, and regulatory bodies we aim to grow trade across the African continent.” 

Morais  further said, “Our partnership with Traystream, through the Traydfund platform speaks to our mandate of driving more trade on the continent. Bank-to-bank trade asset distribution is one of the mechanisms that will enable us to deliver on the growth of trade in Africa. Standard Bank continues to be committed to delivering on our promise, Africa is our home and we drive her growth.”