by Jake ClaverStellar, Nonco, and Franklin Templeton BENJI: taking the paper out of global trade
Here the focus is Stellar, Nonco, and Franklin Templeton BENJI, which move trade paperwork onto digital rails. It is concrete and sourced rather than a broad assertion.
The Paperwork Layer
This material links the ecosystem to trade documents and paperless-commerce standards. Supporting material comes from the Franklin Templeton/SDF five-year BENJI release and the Franklin Templeton 2023 BENJI AUM release. Stellar Nonco case study, a research document from the organizations involved, states it directly:
> Lokhava, Giuliano Losa*, David Mazières, Graydon Hoare, Nicolas Barry, Eli Gafni† , Jonathan Jove, Rafał Malinowsky, and Jed McCaleb Stellar Development Foundation Abstract International payments are slow and expensive, in part because of multi-hop payment routing through heterogeneous banking systems. Stellar is a new global payment network that can directly transfer digital money anywhere in the world in seconds. The key innovation is a secure transaction mechanism across untrusted intermediaries, using a new Byzantine agreement protocol called SCP.
The Takeaway For Stellar
This strengthens the Stellar ecosystem because trade finance needs trusted records and interoperable workflows, giving distributed-ledger systems a practical role beyond speculation. The broader research trail also includes the World Bank infrastructure-tokenization report PDF, the BIS Bulletin on tokenised money market funds PDF, and the IMF Tokenized Finance note PDF.
What The Source Shows
Receipts For The Trade Finance Thread
- Stellar Nonco case study
- Franklin Templeton/SDF five-year BENJI release
- Franklin Templeton 2023 BENJI AUM release
- World Bank infrastructure-tokenization report PDF
- BIS Bulletin on tokenised money market funds PDF
- IMF Tokenized Finance note PDF
- Stanford/ACM paper on fast and secure global payments with Stellar PDF
- MAS Project Guardian Operationalising Tokenised Funds PDF
