TradeTrust Newsletter September 2025

Yit Hong Pte Ltd, a leading Singapore-based canned food supplier with nearly seven decades of heritage, recently took part in the world’s first interoperable digital Documents-against-Payment (D/P) trade pilot between Beijing and Singapore. Partnering COFCO Industrial Food, Pacific International Lines (PIL) and multiple financial institutions, Yit Hong completed a secure D/P transaction via interoperable platforms (AEOTrade and SGTraDex) using TradeTrust-enabled electronic Bills of Lading (eBLs).

In this edition, we hear from Mr Ted S.L. Ngo, CEO of Yit Hong, on the global impact of such interoperability and the future of fully digitised, interoperable trade ecosystems:

Interoperability was a key aspect of this project. In your view, how will open standards like TradeTrust influence collaboration between digital trade platforms worldwide?

"Trade today isn’t just about moving goods, it’s about moving trust. With TradeTrust, every document speaks a universal digital language—secure, verifiable, and recognised worldwide. This pilot proves that interoperability can break down barriers, making trade seamless, secure, and smarter."

Looking ahead, what do you see as the biggest opportunities and challenges in driving adoption of fully digital, interoperable trade processes across the supply chain?

"The real opportunity is a frictionless flow of trusted data, where documents, payments, and logistics connect in real time. That drives faster decisions, stronger supply chains, and more inclusive access to global markets.

The challenge isn’t the tech, it’s the organisations and systems around it. We need regulatory alignment, trust frameworks, and the will to leave paper behind. What this pilot shows is that when stakeholders share a vision, silos can become connected ecosystems. And at Yit Hong, that’s exactly how we see the future of trade unfolding."

ZenithBlox, an enterprise blockchain integration platform modernising global finance and trade, has taken a major leap forward by fully integrating TradeTrust into its Universal Adapters.

With TradeTrust now embedded, institutions gain the power to:

This complete integration enables enterprises and financial institutions to adopt TradeTrust-compliant workflows within existing infrastructure - such as Enterprise Resource Planning (ERP) systems, core banking platforms, and Customer Relationship Management (CRM) tools - via ZenithBlox’s plug-and-play adapters. In practice, this unlocks:

Strategic Fit for the Digital Economy

This integration goes beyond technical alignment—it represents a strategic fit for the digital economy, empowering key stakeholders:

By embedding TradeTrust at the infrastructure level, ZenithBlox and TradeTrust are removing barriers to compliance-first, interoperable cross-border trade—making this partnership a cornerstone for the future of trusted digital commerce.

Join us in shaping this transformation. Explore opportunities to partner with TradeTrust.

TradeTrust’s Model Terms has helped two TradeTrust-enabled platforms - Credoreand Blockpeer - expedite and secure International Group of Protection and Indemnity Clubs (IG P&I) deemed approval, making them the first platforms to reach this milestone.

Credore achieved deemed approval in just over 40 days, becoming the first TradeTrust-enabled platform able to issue electronic Bills of Lading (eBLs) that are covered by the IG P&I. Blockpeer has since joined as the second platform to be approved. This demonstrates how TradeTrust’s legal and technical frameworks are designed to simplify compliance with complex international standards, while ensuring interoperability and reliability for cross-border trade.

By leveraging TradeTrust’s Model Terms, both platforms gain a solid legal foundation, enabling them to navigate the rigorous assessment process confidently and efficiently. Coupled with technical alignment via TradeTrust’s Token Registry v5, the platforms could meet IG P&I’s requirements for system reliability, transfer rejection, and record management.

Be next in line to achieve deemed approval

TradeTrust’s tested legal and technical frameworks remove the guesswork and accelerate approval for platforms issuing eBLs.

As Singapore marked 10 years of the China–Singapore (Chongqing) Connectivity Initiative (CCI) and 35 years of diplomatic relations with China, TradeTrust joined the Singapore Pavilion at the 2025 World Smart Industry Expo (WSIE), held from 5 to 8 September 2025, in Chongqing to spotlight trusted, interoperable digital trade solutions.

TradeTrust demonstrated how electronic Bills of Lading (eBLs) can make cross-border trade faster, less costly and more secure across different platforms. The showcase featured the successful trade digitalisation projects between China-Singapore trade lane, where live shipments were completed entirely digitally with eBL using TradeTrust framework and other electronic trade documents — removing the inefficiencies of paper-based documentation and breaking down digital silos.

Singapore’s participation at WSIE 2025 reinforces TradeTrust’s leadership in building trusted global digital infrastructure, paving the way for wider adoption of cross-border eBLs across the region.

Tech Updates

We’ve overhauled the user experience across TradeTrust’s ecosystem, making it easier and more intuitive for users to explore, create, and verify digital trade documents.

Key updates include:

TrustVC now supports the W3C Verifiable Credentials Data Model v2.0, ensuring your credentials align with the latest global standards.

Why it matters:

TrustVC now supports the Elliptic Curve Digital Signature Algorithm (ECDSA) - a widely adopted standard for generating secure, efficient digital signatures.

With this, enterprises can now issue Verifiable Credentials directly using third-party Key Management Service. This enables:

Stay updated on exclusive tech insights, events, and roundtable discussions.

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