During August 2025, we reviewed our own trade finance transaction data since 2021, including the first 6 months of 2025 (H1). 

In those 5.5 years, we have processed over $76.5 billion in trade finance transactions. Within that, 74% are transactions from banking sector clients, and 26% are asset management firms. 

💡Our 1st Key Takeaway: Asset Managers Are Transforming Trade Finance

LiquidX’s latest data reveals a compelling shift in trade finance: asset management participation has surged 47.6% from 2021-2025, now representing 35.65% of total transaction volume in 2025 ($3.55B out of $9.97B).

The Evolution:

• 2021: 21% asset management participation
• 2024: 31% asset management participation
• 2025 H1: 35.65% asset management participation

This isn’t just growth — it’s a fundamental shift in how institutional capital is accessing trade finance opportunities. 

With over $76.5 billion processed since 2021, LiquidX is at the center of this transformation.

The data tells a clear story: asset managers are recognizing trade finance as a compelling alternative investment, offering diversification and attractive risk-adjusted returns in an evolving market landscape.

💡Our 2nd Key Takeaway: $76.5 Billion Later: How Technology Is Reshaping Trade Finance

The numbers from LiquidX paint a remarkable picture of market evolution:

Platform Dominance:

• White label solutions: 79% of transactions (1,426% growth)
• Supplier-led transactions: 86% of 2024 volume
• Total growth: 431% from 2021-2024

Sector Breakthroughs:

• Industrials (supplier side): 1,845% growth
• Energy buyers: 1,292% expansion into new sectors
• Asset management: Now 35.65% of 2025 volume

Geographic Expansion:

• EMEA entry starting 2022
• High yield segment outpacing investment grade (535% growth)

What strikes us most? 

Asset managers have grown from 21% to 35.65% of transaction volume — a 47.6% increase that signals institutional capital’s growing appetite for trade finance as an asset class.

The convergence of technology, alternative investments, and supply chain finance is creating unprecedented opportunities.

We will be revealing more insights over the next few weeks and months. 

💡None of this would be possible without LiquidX being a platform and a document-agnostic trade finance solution.

Let’s take a look at why being compatible with so many different platforms and data formats is an advantage 👇

The Advantages of Being Platform & Data Agnostic 

Compared to other financial asset classes, trade finance is still too heavily reliant on emails, paper, and even fax. 

Banks, corporates, and even some asset managers continue to rely on old methods and outdated in-house or custom-built software risk being left behind.

Back-office staff within banks, asset management firms, and businesses that originate and receive supply chain finance usually need to painstakingly review documents, re-key information from PDFs, and reconcile payments against invoices through spreadsheet-based tracking.

Some of the challenges of sticking to outdated manual processes include the following: 

• Too time-consuming
• Resource intensive 
• Errors happen
• Fraud is more likely too: “An estimated $1 trillion of financial crime proceeds flow through the $9.1 trillion industry’s trade channels each year”, according to EY.
• Compliance failures 
• KYC and AML are harder to implement: An EY article notes that: “On average, a large trade finance bank can spend anywhere from $25m to $42m annually on risk, compliance, sanctions and anti-money laundering (AML) tasks – all without growing its business.”

💡Find out more: How AI is shaping risk management in trade finance. 

The only way to implement trade finance successfully, without scaling headcount and costs, is to partner with a provider who can handle everything for your trade finance program. 

LiquidX’s suite of trade finance solutions can handle everything, with a smooth-running turnkey front-, middle- and back-office operation that manages the entire origination to reconciliation lifecycle.

💡Here’s what you can benefit from when you partner with LiquidX:

• Trade finance software that can take in any invoice format (e.g., XLSX, PDF, etc.), and use that as workable data downstream across the trade lifecycle.
• Automatically digitizes assets in the front office (Trade).
• Manages portfolio risk with TradeHub.
• Make significant back office savings (TradeOps); up to 50% savings compared to in-house back office software. 
• Can handle reconciliation challenges for global and regional banks (InMatch module).
• Includes the advantages of a deep partnership with Broadridge (NYSE: BR), a trusted global fintech leader. Broadridge is LiquidX’s largest committed investor and strategic operational services provider for payment processing, account reconciliation, and global operational scalability.
• Corporations, banks, and asset managers: To request a demo of our trade finance distribution solutions, click here.

Want to shape the future of trade finance? Share your views with 1000s of other professionals in our sector?

Below is a survey you can take part in, and a recap of everything our team has been up to in the Summer of 2025. 

Share Your Views & Expertise for our eBook: “State of Trade Finance 2026”

For the first time since we launched LiquidX in 2016, we are initiating a global survey of trade finance experts. That’s right, we want to know your thoughts, views, and expert opinions on the overall state of trade finance. 

Once the survey is complete, and enough responses gathered ⏤ we expect by October ⏤ we will start compiling our exclusive eBook, which we’ll launch in January 2026: “State of Trade Finance 2026: Past Learnings, Forward Thinking.”

We want to hear from as many professionals and leaders as possible across the trade finance sector, including but not limited to:

• Banks 
• Asset managers 
• FinTech & TradeTech SaaS
• Insurers & Re-insurers 
• Law firms 
• Importers and exporters
• Corporates 
• Shipping companies
• Trade finance providers
• Export credit agencies
• Third-party service providers

Because we are a proud member of the Global Trade Review (GTR), and attended and were a sponsor for this year’s London event (GTR UK), this survey will also go out to 2,000 GTR members. 

Take 5 minutes to complete our survey, and we’ll send you the finished eBook before it’s published. Your quotes will be amplified via our PR, social media, and email marketing channels ✅

What do survey participants get?

Because we’re asking for a few minutes of your time, we feel it’s only right to give you something in return. 

Because we’re asking for a few minutes of your time, we feel it’s only right to give you something in return. 

Here is what you’ll get:

✅ An exclusive Trade Finance Industry Briefing: How to Navigate, Mitigate Risk, and Accelerate Growth Opportunities in 2025. In this you will: 

✅ Learn how to access the $2.5 trillion untapped trade finance gap in emerging markets

✅ Discover why supply chain finance grew 26% CAGR from 2017-2023 despite global headwinds

✅ Understand how to monetize $6.9 trillion in corporate cash reserves sitting idle

✅ Master Basel III implementation without disrupting your trade finance operations

✅ Turn tariff chaos and supply chain disruptions into competitive advantages

✅ Leverage AI-powered risk management while competitors still use manual processes

✅ You’ll gain access to the exclusive eBook before it’s published in January: “State of Trade Finance 2026: Past Learnings, Forward Thinking.”

✅ And unless you choose to remain anonymous (which everyone is free to do), we will amplify your hot takes, opinions, and expertise via our PR, social media, and email marketing channels.

Join the conversation that’s defining the future of trade finance – your expertise is exactly what the industry needs to navigate unprecedented change.

💡Fill in our survey for our eBook: “State of Trade Finance 2026: Past Learnings, Forward Thinking.”

As well as looking towards the future, it’s always worth looking at what we’ve learned recently and sharing those learnings with your colleagues.

Below is a recap of all of the industry events and conferences we’ve either attended, sponsored, or spoken at since May 2025:

LiquidX Summer Events 2025 Recap

Our team has had a busy Spring going into Summer. The last industry-wide event we participated in was:

LiquidX at the 13th Annual USC Global Supply Chain Summit, Marriott Long Beach, Downtown, CA, August 14-15, 2025. Dominic Capolongo (CRO) represented LiquidX at the 13th Annual Global Supply Chain Excellence Summit. 

For a recap, here’s what else we got up to the Summer of 2025:

LiquidX at GTR UK 2025: How will AI transform trade finance? London, England, UK, June 12, 2025

LiquidX at ITFA: Innovations in Trade Finance Tech. Miami, Florida, 4 ⏤ 6 June, 2025 ⏤ LiquidX was delighted to attend and be a gold sponsor at the ITFA Americas (AMRC) 28th Conference. 

How Digital Advancements are Reshaping Customer Experience in International Banking, following LiquidX’s attendance at the 2025 Bankers Association for Finance and Trade (BAFT) Global Annual Meeting (GAM) in May.

As we have seen and talked about time and again, at every panel we’ve attended this year, supply chain and trade finance is undergoing a long-overdue transformation. 

AI is at the forefront — offering the potential to streamline operations and break down data silos.

For banks, asset managers, and corporates wanting to leverage the advantage of a connected SCF and working capital program, digitization is the only way forward, and that means using cutting-edge solutions like LiquidX that can: 

• Upload any kind of document.
• Handle every type of data, and;
• Communicate (e.g., originate, distribute, buy, and sell) with systems that other players in the industry are using.

Until you go digital, you can’t take advantage of automation and AI in supply chain finance. 

Corporations, banks, and asset managers: To request a demo of our trade finance distribution solutions, click here.