Bank of China Limited, London Branch Teams with LiquidX for Digital Trade Finance

Fintech platform seamlessly connects buyers and suppliers to the bank for working capital optimization

New York, NY (May 18, 2022) – Bank of China London Branch, a UK leader in international trade financing for over 90 years, has entered an alliance with fintech technology solutions provider LiquidX for accounts receivable and supply chain finance. LiquidX is providing Bank of China London Branch with a state-of-the-art customized trade finance platform with integrated back-office program administration and built-in distribution capabilities. The partnership enables Bank of China London Branch to provide innovative working capital programs to clients looking to optimize working capital and strengthen supplier relationships.

“Today’s supply chains are under growing pressure and companies are eager for digital solutions that maximize working capital,” said Xun Liu, Head of Transaction Banking Department at Bank of China London Branch. “By choosing the LiquidX solution, which enables a seamless connection between buyers, suppliers, and the bank, we are continuing our long tradition of delivering next-generation services that provide measurable benefits to our clients.”

“We are honored to work with Bank of China London Branch to streamline and expand their AR discounting and supply chain financing programs,” said Jim Toffey, CEO of LiquidX. “As we continue to grow and expand globally, it is exciting to see our solutions being used by China’s most globalized bank and a leader in global trade finance.”

LiquidX fintech solutions, led by its pioneering InBlock technology platform, digitize and automate trade assets across their entire life cycle. LiquidX provides banks and corporates with the flexibility to transact across multiple financial structures directly or within a multi-bank network, all on a single platform that is fully integrated with insurance, risk management, and internal finance systems.

About Bank of China Limited, London Branch
Established in 1929, Bank of China Limited, London Branch was the first overseas Chinese financial institution to open in a global financial center. Over the past 93 years, Bank of China has expanded steadily in the UK and has become the bank of choice for both Chinese ‘going-out’ customers and local UK customers seeking to establish relationships with China, with branches in the City of London, London Chinatown, Manchester, Birmingham, and Glasgow across the UK. It is taking a leading role amongst UK based Chinese financial institutions and is developing itself into one of the mainstream foreign banks in the European market.

About LiquidX
LiquidX is a leading global technology company that enables finance professionals to transact faster, smarter, and more cost-effectively by digitizing and automating their trade finance and working capital management. Headquartered in New York with offices in Boston, London, and Singapore, LiquidX delivers the industry-leading ecosystem for working capital assets to its diverse network of global participants including corporations, banks, institutional investors, and insurance providers. LiquidX’s InBlock technology platform incorporates blockchain technology and machine learning analytics to greatly enhance transparency, reporting, and forecasting for financial professionals. To learn more about our next generation solutions please visit


U.S. Bank, LiquidX collaborate to simplify, accelerate supply-chain financing

Integrated solution will unlock valuable working capital while helping to speed transactions and reduce borrowing costs

MINNEAPOLIS (May 10, 2022) – U.S. Bank announced today that it has entered into a collaboration agreement with trade-finance fintech LiquidX to help expedite and simplify supply-chain transactions between suppliers and buyers.

This collaboration – which comes at a time of unparalleled stress in the global supply chain – will pair the bank’s strong balance sheet with LiquidX’s streamlined platform technology to help address supply-chain- finance friction and cash-flow challenges facing many companies. Suppliers and buyers will be able to connect their supply-chain systems directly to U.S. Bank and transact through LiquidX’s easy-to-use platform. U.S. Bank financing solutions delivered through this collaboration will enable suppliers to be paid nearly immediately and buyers to receive extended payment terms.

“With so many supply-chain challenges for businesses, we want to help make the financing process as smooth as possible,” said Dan Son, who oversees global trade and supply-chain finance at U.S. Bank. “This new collaboration will deliver a single intuitive interface that seamlessly connects suppliers, buyers and our bank in the supply-chain ecosystem. As one of the most trusted banks in the U.S., with some of the highest debt ratings, we can unlock valuable working capital for our clients.”

The collaboration between U.S. Bank and LiquidX enhances existing supply-chain finance solutions currently available to U.S. Bank clients. The Receivables Purchase Program allows sellers to convert credit sales to immediate cash flows and reduce days sales outstanding while extending payment terms for buyers. The Approved Payables Financing Program helps buyers pay suppliers early, reduces payment-processing costs, and gives suppliers faster and more predictable access to cash.

“We are thrilled to enter this collaboration with U.S. Bank, one of the country’s largest and most innovative banks, to deliver much-needed liquidity to today’s supply chains,” said Jim Toffey, CEO of LiquidX. “We are proud that our scalable and flexible technology will make it easier, faster, and cheaper for U.S. Bank and its corporate clients to transact.”

As supply-chain decisions become strategically critical for businesses, Son said, innovative supply-chain- finance solutions provide opportunities to strengthen vendor and client relationships, reduce costs, and diversify sources of working-capital funding. In addition, supply-chain finance solutions can advance other important company priorities, such as Environmental, Social and Governance (ESG) initiatives by providing financial incentives and greater access to working capital for diverse suppliers.

About U.S. Bank
U.S. Bancorp, with approximately 70,000 employees and $587 billion in assets as of March 31, 2022, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services. The company has been recognized for its approach to digital innovation, social responsibility, and customer service, including being named one of the 2022 World’s Most Ethical Companies and Fortune’s most admired superregional bank. Learn more at



LiquidX Names Dominic Capolongo as Chief Revenue Officer

New York, NY (April 19, 2022) – LiquidX, the global technology solutions provider and trusted strategic partner for working capital, trade finance, and insurance optimization, has named industry veteran Dominic Capolongo as its Chief Revenue Officer (CRO). In this executive role, Mr. Capolongo will lead initiatives to further scale revenue, accelerate global market adoption, and deepen customer engagement as LiquidX moves into its next phase of expansion. The company’s best-in-class portfolio of technology solutions enable its clients to overcome the barriers imposed by time-worn manual processes and outdated legacy technologies.

“We are very pleased to welcome Dominic as we accelerate our growth,” said Jim Toffey, CEO of LiquidX. “LiquidX has proven itself as a market innovator and is now poised to become the leader in the industry with Dominic as CRO. His deep market expertise and impressive track-record of business success will ensure that we achieve our vision of building one connected digital ecosystem enabling our clients to work smarter, faster, and cheaper.”

Mr. Capolongo joins LiquidX from PrimeRevenue, where he served as EVP and Global Head of Funding. Previously, he held leadership positions at leading financial services companies including RBC Capital Markets, Jefferies, and Credit Suisse. Mr. Capolongo began his career as an attorney and was a partner with Kaye Scholer before his move to investment banking. He earned a JD from Fordham University School of Law and a BA from SUNY Binghamton.

“I am excited to join this dynamic and innovative company,” said Dominic Capolongo, Chief Revenue Officer at LiquidX. “Having spent many years in capital markets and trade finance, I saw firsthand the problem companies, banks, and insurers face when trying to meaningfully manage an ever-more complex supply chain amid an increasingly volatile working capital environment. Speed, cost efficiencies, and a unified process for every step of the supply chain are now regular client demands. LiquidX has clearly cracked the code with the broadest suite of solutions in the industry to support our clients on that journey. I look forward to bringing my experience in go-to-market strategy and execution, team building, and sustainable revenue growth to take LiquidX to new heights.”

“As lead investor and strategic partner to LiquidX, the team at Broadridge and I are looking forward to partnering with Dominic to deliver these much-needed fintech solutions for trade optimization,” said Christopher J. Perry, President of Broadridge and Board Member of LiquidX. “LiquidX has developed an integrated suite of working capital solutions unlike anything on the market today.”


InBlock Featured in Euromoney Next Generation Treasury Podcast Series

InBlock‘s Kristen Michaud joins the Euromoney podcast series, Next Generation Treasury. The ever-evolving social, economic, environmental and technology landscape is forcing treasury to adapt at lightning speed. It is no stretch to say that the role of the treasurer – and the technology and regulation that underpins it – is transforming into something altogether new. This 3-part series explores what that might look like, why, and how corporate treasurers can get there.

Episode 1: Treasury’s tech transformation
Available March 31, 2022

Cloud technology, blockchain, 5G, robotic process automation and virtual reality are upending antiquated ways of working for corporate treasurers. As such, today’s treasurer is just as likely to be an expert coder or gifted engineer as they are an accountant or financial expert. But how does this new “breed” of corporate treasurer use new technology to best serve the companies they work for?

Experts including Damian Glenndinning of CompleXCountries, Trish Fisher of WeWork, Chris Van Woeart of Stripe, and Shahmir Khaliq of Citi join Kristen Michaud in the discussion about the approaches treasurers are using to take advantage of new technologies to make the treasury function more efficient.

Episode 2: DLT and decentralized finance – a workable solution?
Available April 19, 2022

Distributed ledger or blockchain technology and decentralized finance demonstrate a new way for information and assets to be exchanged instantly at a very low cost. So, can treasurers leverage this technology in their day-to-day – to share information between businesses, settle invoices, access supply chain finance or even improve their working capital?

Episode 3: The risk and reward of dabbling in crypto
Available May 3, 2022

Given the attractive returns offered by cryptocurrency investments, corporate treasurers are paying increasing attention to the emerging asset-class. But the stakes are high. Crypto is volatile, accounting for it isn’t easy and using it in the real world remains elusive. In this final episode, we explore if there is a way for treasurers to benefit from crypto and the underlying technology – without being completely exposed to the risks attached to it.

Several ways to listen!

LiquidX Shortlisted for “Tech of the Future” Award by Fintech Futures and BankingTech USA

LiquidX was named a finalist in the “Tech of the Future” category at the BankingTech USA Awards sponsored by Fintech Futures. The awards recognize outstanding achievements and successes in the banking and fintech industry across the United States. LiquidX technology was also recently shortlisted in two categories in the GTR Leaders in Trade awards.

The scalable, flexible technology offered by LiquidX allows banks already involved in trade finance to streamline their operations, scale without adding resources, and improve profitability. The company also provides turnkey services that allow banks to enter the trade finance asset class without additional tech or back-office investment.

LiquidX offers individual solutions or an entire suite of services, centered around three core capabilities:

  • Trade Finance – Marketplace and white-label offering to originate, distribute, participate, and securitize trade finance assets.
  • Working Capital Automation and Digitization – InBlock blockchain solution to digitize and service receivables finance, insurance, and loan assets over their full lifecycle, including ingestion, digitization, connection, validation, monetization, and automation.
  • Position and Risk Management – Real-time monitoring of portfolio analytics and enhanced reporting and analysis, as well as the industry’s first fully digital platform for trade credit insurance management.

Banks benefit from partnering with LiquidX in several ways:

Scale origination and distribution: Banks can overcome the back-office constraints to scaling their trade finance business by using software-as-a-solution fintech, delivering a better client experience and differentiating themselves from the competition.

Grow without adding additional resources: Banks can complement their current working capital offering with new solutions to further drive origination and expand client lending relationships.

Stop managing by spreadsheet: By digitizing assets such as purchase orders and invoices, and documents such as loan agreements and insurance policies, banks can turn flat PDFs into smart contracts to automate back-office functions.

Access turnkey tech, legal, and operations: LiquidX allows banks to get started in trade finance with minimal upfront resources with either a light touch or deep integration into the back office.

LiquidX’s highly scalable platform, combined with its ability to automate the entire working capital lifecycle, are the company’s key competitive advantages in a crowded landscape.

About The Banking Technology Awards

The Banking Technology Awards is a premiere awards event by FinTech Futures, the definitive source of news and analysis for the global fintech sector.

After the continued success of its annual Banking Tech Awards in London, FinTech Futures will host the awards in the United States on May 19, 2022, in San Francisco to bring people together to recognize the outstanding achievements and successes in the banking and fintech industry. To learn more, visit:

GTR Leaders in Trade Awards Names LiquidX Finalist in Two Categories

LiquidX was named a finalist in two categories at the 2022 GTR Leaders in Trade Awards, the most prestigious awards in the trade finance and global trade industry. GTR named LiquidX to the short list in the Best Fintech for Trade and Best Software for Trade Finance categories.

The GTR Awards celebrate the achievements of the world’s leading trade finance service providers, highlighting excellence in the trade, commodity, supply chain and export finance markets. Winners will be announced May 4, 2022 in London.

This recognition follows previous accolades in 2021. LiquidX’s InBlock Digital Policy Management solution was named a Top 10 Fintech at the 2021 Singapore Fintech Festival and recognized as a Listmaker at the Benzinga Global Fintech awards.

For a full list of GTR Leaders in Trade Awards categories and nominees, please visit the GTR website.