Kimura Capital signs cooperation agreement to use Haycen's stablecoins for trade finance

London, UK – 26 June 2024 – Kimura Capital LLP, a London-based provider of trade finance credit for commodities, and Haycen Ltd, a digital currency business backed by Irish and UK Governments that enables quicker, easier ways to use digital representations of fiat currencies including GBP, today announced a collaboration on digital trade finance solutions.

Kimura is an institutional asset management firm founded in 2013. The firm’s principal focus is in physical commodity finance, having underwritten in the region of $23bn since inception, and currently lending approximately $500m per month to mid and large cap firms. The financing of physical trades involves several steps and touch-points and requires significant controls and procedures to ensure good governance and security of assets.  Kimura has been at the forefront of developing FinTec solutions to improve efficiency and control.

As part of their strategic build out, they have added other commodity focused strategies in 2023 & 2024, investing in African impact, strategic metals and minerals, and commodity managed futures.

This partnership signifies Kimura's commitment to digital innovation in trade finance, a multi trillion global industry experiencing significant growth. Kimura and Haycen aim to leverage digital currencies to enhance efficiency, reduce cost and expand sources of capital in this vital component of global trade flows.

Through Haycen's secure digital currency solutions, Kimura aims to streamline capital usage, further strengthen cash flow control, and ultimately deliver higher returns to its investors. Haycen is at the forefront of developing institutional digital currency solutions for corporates and financial intermediaries. 

Introduction of digital trade finance products will start in Q4 after running live trials in collaboration with specific borrowers within Kimura’s global ecosystem. 

Haycen's products offer trade finance businesses a range of secure and cost-effective ways to hold and transact in digital currencies, simplifying existing B2B processes through a modern, digital infrastructure. Haycen enables users to automate, track, govern and disburse digital financing and manage digital collateral. 

Kimura founder & CEO Kristofer Tremaine commented: "Our partnership with Haycen represents a transformative step towards integrating financial technology into our core business. This collaboration promises significant improvements in scale, volume, and distribution, propelling us beyond traditional processes. We chose Haycen after a thorough evaluation process, confident in their expertise and innovative solutions."

Haycen founder & CEO Luke Sully commented: "We are thrilled to partner with Kimura Capital, a forward-thinking leader in trade finance. Our ongoing product development goes beyond the current set of use cases for stablecoins to change the way institutions look at digital representations of fiat and its impact on global value transfer, particularly in lending processes.” 

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