Polytrade (TRADE)

Trade Finance

Polytrade helps small and medium-sized businesses get quick cash by turning their unpaid invoices into tokens. This lets businesses get money faster instead of waiting for customers to pay later.

Real-World Asset (RWA) Tokenization

Polytrade creates digital tokens that represent real-world assets like invoices, stocks, real estate, and commodities. These tokens can be bought, sold, or traded on its marketplace, making it easier to invest in and access these assets.

Liquidity and Investment

By connecting investors with tokenized real-world assets, Polytrade provides new ways to invest and earn returns. Investors can fund businesses and earn interest, while businesses get the funds they need.

Blockchain and Smart Contracts

Polytrade uses blockchain technology and smart contracts to automate processes like financing, settlement, and validation. This makes transactions transparent, efficient, and reduces the need for middlemen.

Ecosystem and Utility Token

The platform’s native token, TRADE, is used for payments, rewards, and as collateral within the Polytrade ecosystem, supporting lending, borrowing, and trading activities.

Marketplace and Fractional Ownership

Polytrade’s marketplace allows users to buy and sell fractions of real-world assets, increasing accessibility and flexibility for smaller investors.

In summary, Polytrade connects real-world business finance with blockchain technology to improve access to funding, investment opportunities, and asset trading.

Pros of Polytrade

• Bridges DeFi and Traditional Finance: Polytrade combines decentralized finance with traditional financial methods, creating a secure and efficient link between crypto and real-world assets.
• Focus on Real-World Assets (RWAs): It tokenizes real-world invoices and assets like Tbills, stocks, real estate, and commodities, making previously illiquid assets accessible to investors.
• Multiple Business Lines: Includes an RWA Marketplace, Trade Finance offering low-interest, fast financing for real-world borrowers, and Institutional Technology for asset management.
• Strong Partnerships: Collaborates with major players like Mastercard and Polygon, enhancing credibility and ecosystem support.
• Innovative Technology: Uses a proprietary ERC-6960 token standard designed specifically for real-world asset tokenization.
• Market Access: TRADE tokens are available on popular exchanges like KuCoin, Binance, and Kraken, with active trading pairs and decent liquidity.
• Fractional Ownership: Enables smaller investors to participate in real-world asset investments through fractionalization.

Cons of Polytrade

• Market Volatility: Like most cryptocurrencies, TRADE token prices can be volatile and influenced by broader crypto market trends.
• Relatively New: Founded in 2022, it is still growing and evolving, which may mean less historical data and market maturity compared to older projects.
• Limited Social Media Presence: Official community channels like Reddit and GitHub are not very active or established, which might affect community engagement.
• Niche Focus: Concentration on real-world asset tokenization may limit appeal to investors looking for broader crypto use cases.
• Liquidity Constraints: While improving, liquidity for some tokenized assets or smaller trading pairs may be limited compared to major cryptocurrencies.

Overall, Polytrade offers a promising way to connect crypto investors with real-world assets, backed by strong partnerships and innovative tech, but it remains a developing project with typical crypto market dynamics.

Founders of Polytrade

• Piyush Gupta is the founder and CEO of Polytrade.
• The team also includes key executives like Ashish Sood (Chief Product Officer).
• Additionally, Sandeep Nailwal, co-founder of Polygon, is involved as a council member supporting the project.

Polytrade was founded in 2022 and focuses on bridging real-world assets with blockchain technology.

Institutional Investors

Polytrade is backed by around 20 institutional investors. Some notable names include Alpha Wave Global, Matrix Partners India, Polygon Ventures, CoinSwitch Ventures, Singularity Ventures, GTM Ventures, AXIA, LD Capital, and Z47.

Funding Rounds

Polytrade has raised about $5 million over 3 funding rounds. The latest seed round in March 2023 raised $3.8 million, led by Alpha Wave, Matrix Partners, Polygon Ventures, and CoinSwitch Ventures.

Strategic Partners

Polytrade also partners with major industry players like Mastercard and Polygon, supporting its growth and ecosystem development.

Halal Status of Polytrade

• Yes, Polytrade is generally considered halal because it focuses on tokenizing real-world assets (RWAs) like invoices, credits, and commodities, which are tangible and avoid interest (riba) and gambling (maysir).
• The platform operates as a decentralized protocol connecting buyers, sellers, insurers, and investors in a transparent marketplace, aligning with Islamic finance principles that emphasize asset-backed transactions.
• However, final confirmation depends on individual interpretation and consultation with a qualified Islamic scholar, as no official halal certification was found in the latest sources.