Unloq Completes First Smart-Contract-Based Trade Financing Deal with Chemtank Marine
•February 13, 2026
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Participants
Why It Matters
The deal proves stablecoins and smart contracts can streamline trade finance, reducing friction and expanding liquidity for suppliers. It signals a shift toward hybrid financing models that combine traditional banking with blockchain efficiency.
Key Takeaways
- •Unloq executed first live smart‑contract trade financing
- •Transaction settled in XUSD stablecoin against confirmed invoices
- •SC+ platform integrates blockchain with existing banking rails
- •Stablecoins move from digital markets into real‑world financing
- •Supplier gained rapid working capital without changing payment flow
Pulse Analysis
Smart contracts are beginning to break out of niche crypto applications and enter core enterprise processes, and Unloq’s recent transaction is a prime illustration. By digitizing trade documentation and automating financing triggers on a public ledger, the SC+ platform eliminates the manual hand‑offs that traditionally slow receivables financing. This not only shortens funding cycles for suppliers but also provides funders with immutable proof of underlying trade assets, enhancing risk assessment and reducing compliance overhead.
The use of XUSD, a dollar‑pegged stablecoin, adds a layer of financial flexibility that fiat alone cannot match. Stablecoins settle instantly, bypassing the multi‑day clearing times of conventional bank transfers, while maintaining price stability required for corporate accounting. For banks and alternative lenders, this creates a transparent, programmable settlement rail that can be layered atop existing correspondent banking relationships, opening new revenue streams and enabling participation in previously inaccessible supply‑chain tiers.
Looking ahead, Unloq’s roadmap to support multiple settlement options—including fiat, other stablecoins, and bank‑issued digital currencies—suggests a broader industry move toward hybrid financial infrastructure. As more corporations adopt such solutions, we can expect increased liquidity, lower financing costs, and a more resilient global trade ecosystem. Early adopters like Chemtank Marine will likely see competitive advantages, while traditional financiers must adapt to retain relevance in a blockchain‑augmented market.
Deal Summary
Unloq used its SC+ smart‑contract platform to fund Singapore‑based supplier Chemtank Marine’s commercial receivables with the XUSD stablecoin, marking one of the first real‑world trade‑finance uses of stablecoins. The transaction, completed on 13 February 2026, provided financing against confirmed invoices while the buyer’s payment terms remained unchanged. Deal value was not disclosed.
Article
Source: Treasury Today
13th February 2026 — Unloq today announced the completion of its first live smart-contract-based trade financing transaction, funding commercial receivables using XUSD1. The transaction marks one of the early instances of stablecoins being used to finance real cross-border trade activity rather than purely digital-asset markets.
The financing was executed through Unloq SC+, the company’s smart-contract-driven supply chain finance infrastructure designed to connect trade documentation, payment obligations, settlement, and funding into a single unified workflow. The transaction involved a Singaporean supplier, Chemtank, receiving funding against confirmed invoices, while the buyer retained its normal payment terms.
Bridging a structural gap in trade finance
Global trade finance remains operationally fragmented: trade documentation, financing approvals, and settlement processes typically occur across separate systems and institutions, resulting in delays, higher costs, and restricted liquidity access for suppliers. By combining receivables financing with blockchain-based settlement rails, Unloq aims to reduce execution friction and improve capital efficiency across supply chains.
SC+ creates a digital representation of trade obligations that allows financing conditions and settlement triggers to be verified and executed automatically. The platform operates as an infrastructure layer capable of integrating traditional banking rails and digital value rails such as stablecoins without requiring workflow changes for buyers or suppliers.
In the completed transaction, trade documents and invoice data were recorded in an auditable format on blockchain infrastructure, while settlement was delivered in stablecoin to the supplier. The buyer’s commercial payment process remained unchanged.
Stablecoins enter commercial financing workflows
Stablecoins have seen rapid adoption in digital asset markets but have rarely been embedded into mainstream enterprise financing arrangements. This transaction demonstrates their use as a settlement rail for real-world receivables financing, enabling suppliers to access working capital while funders gain transparent exposure to verified trade assets.
Executive Commentary
Charles Song, Chairman of Unloq, said: “This transaction shows that Unloq is able to bring innovative smart-contract-based solutions to supply chain finance, using new technology to provide transparency and efficiency, whether settlement is in fiat or stablecoin. We designed SC+ to bridge traditional receivables financing with blockchain infrastructure while fitting into existing commercial relationships. Completing our first live deal demonstrates that this model works in practice.”
Chemtank Marine Director, Lim Li-Lian said: “Access to timely working capital is critical for suppliers. Through the SC+ program, we received funding efficiently against confirmed invoices while maintaining our standard settlement process with our customer. The structure provided clear documentation and transparency into the underlying trade assets.”
Expanding digital settlement in global supply chains
Unloq plans to expand SC+ across additional trade corridors and industries, supporting multiple settlement rails including fiat payments, stablecoins, and bank-issued digital instruments. The company believes hybrid financial infrastructure will enable broader participation from banks, funders, and corporates while improving liquidity access throughout multi-tier supply chains.
Footnote
- XUSD is a U.S. dollar stablecoin issued by StraitsX. ↩
The post Press release: Smart contracts move into real-world trade as Unloq completes its first financing deal first appeared on Treasury Today.
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