Messe Frankfurt, Germany, 29 September ⏤ 2 October ⏤ David Berse and Dimitrios Ntalianis represented LiquidX at Sibos Frankfurt 2025 in the Broadridge booth (G026).
Broadridge Financial Solutions (NYSE: BR) is our largest strategic partner and investor.
Broadridge’s technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $10 trillion of securities globally.
The theme for the 2025 Sibos conference was ‘The next frontiers of global finance’.
Hundreds of expert speakers will came together to address the transformative forces reshaping the financial ecosystem.
Together, we will look at how we can drive greater connectivity, interoperability, and resilience to successfully adapt to these changes.
Topic and talks included the following:
- The perfect payment experience
- Market infrastructures of the future
- Reducing FX settlement risk
- Tokenisation and corporate actions
- ESG, AI, and a revolution in capital markets
- Supply chains in a fragmented world
- The ROI of generative AI
Let’s take a closer look at what everyone was talking about, and if you want to see some more highlights from Sibos, they’ve published videos and articles online.
Sibos Roundup: Exploring The Next Frontiers of Global Finance
Two core themes stood out, and this time, neither was the role of AI in trade finance.
A lot of people and panels were talking about the following:
- Stablecoins
- Tokenized assets (in relation to trade finance).
Stablecoins and trade finance
The general feeling at Sibos, which was very forward-thinking, is that Stablecoins could revolutionize payment mechanisms in trade finance by addressing several critical pain points that have long plagued international transactions.
As McKinsey noted recently, this excitement around stablecoins is because “circulation has doubled over the past 18 months [to around] $30 billion of transactions daily.” However, that is only “1 percent of global money flows”, so we shouldn’t expect any stablecoin to replace the US Dollar or Euro anytime soon.
The reason many people at Sibos were talking excitedly about stablecoins is for the following reasons:
- The always-on nature of blockchain technology enables 24/7 payment capability with near-instant settlement
- Eliminating the delays inherent in traditional banking systems that operate within business hours and across time zones
- An infrastructure that delivers unprecedented transparency, fundamentally changing the role of correspondent banks which currently serve as intermediaries in cross-border payments.
- Reducing the layers of intermediation, stablecoins not only accelerate transaction speed but also significantly lower transaction fees — a compelling advantage for an industry where margins are often tight and volumes are substantial.
Perhaps most importantly, when both counterparties transact using the same USD-backed stablecoin, they effectively eliminate foreign exchange (FX) risk, providing certainty in pricing and settlement that traditional multi-currency transactions cannot match.
However, the current stablecoin landscape reveals a significant imbalance that has important implications for global trade finance. At present, approximately 99% of the stablecoin market is backed by US dollars, with EUR-backed stablecoins accounting for only 1% of total market capitalization.
This disparity means that Europe faces considerable ground to cover before EUR-denominated stablecoin payments can become a viable option in trade finance transactions.
Despite this limitation, the trajectory is clear: USD stablecoin adoption in trade finance is expected to accelerate in the near term, driven by the sector’s massive transaction volumes and inherently global nature.
The industry is currently at an inflection point where proof-of-concepts are maturing into genuine pilot programs, signaling the transition from theoretical exploration to practical implementation.
At present, we have no plans to offer or integrate the acceptance of stablecoin payments in our platform. However, we will continue to monitor how popular they are, and whether demand might require this in the future.
Tokenized assets and trade finance
Beyond their role as payment rails, blockchain technology is enabling the tokenization of core trade finance instruments, creating new efficiencies in documentary trade.
Several entities are currently piloting initiatives to tokenize Letters of Credit (LCs), transforming these traditionally paper-intensive instruments into digital assets on blockchain networks.
The vision is to create smart contract-enabled LCs that automatically trigger payment settlement in stablecoins once contractual conditions are verified. All of this removes manual processing delays and reduces the risk of disputes or errors in the payment release process.
In the open account space — where platforms like LiquidX operate — tokenization offers transformative potential for invoice financing. Financial institutions can convert invoices into digital tokens, enabling the entire funding process to be reimagined.
Funders can purchase these tokenized invoices more rapidly and securely, while the automation inherent in blockchain-based systems eliminates much of the manual due diligence and processing work.
For corporates, this means near-instantaneous access to working capital liquidity rather than waiting days or weeks for traditional invoice financing arrangements to be processed and funded.
This shift toward tokenized, automated invoice trading represents a fundamental evolution in how supply chain financing operates, promising to unlock trapped working capital across global trade networks with unprecedented efficiency.
Where else have we been in 2025?
Sibos is one of several events that LiquidX has attended in 2025, and in many cases, we’ve spoken on panels and sponsored.
Take a look at some of the highlights from a very busy year for our team:
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.
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.
LiquidX at GTR UK 2025: How will AI transform trade finance?, London, England, UK, June 12, 2025.
LiquidX at the 13th Annual USC Global Supply Chain Summit, Marriott Long Beach, Downtown, CA, August 14-15, 2025.
In September, in partnership with Trade Treasury Payments (TTP), we hosted a Rooftop Networking Event in New York City.
🥂 It was a fantastic evening of meaningful conversations around trade and supply chain finance, tradetech, AI’s growing role in risk management, and the future of global trade.
Trade Treasury Payments (TTP)’s Carter Hoffman spoke to several industry leaders throughout the night, including our very own Dominic Capolongo.
We were also delighted to talk to and have TTP interview:
🔸Paul H. Simpson & Caitlin Connolly (Broadridge)
🔸Marco Fracchia (Intesa Sanpaolo)
🔸Jordane ROLLIN (TD Bank)
🔸Cory Speece (Huntington)
Take a look at the highlight video from TTP.
One of the great things about the trade finance sector is how many events there are throughout the year. This serves to bring people together, face-to-face, sharing expertise, insights, connecting, and starting new working relationships.
LiquidX will continue to take part in events, whether that’s hosting them, talking on panels, sponsoring, or representing ourselves and partners on booths, like we did at Sibos 2025.
Here’s another great reason to work with us! In 2024, Global Business & Finance Magazine awarded LiquidX with three awards for the second year in a row:
- Best Digital Solutions For Global Trade, United States 2025
- Best Technology Vendor Of The Year, United States 2025
- Best Fintech For Trade, United States 2025
Corporations, banks, and asset managers: To request a demo of our trade finance distribution solutions, click here.