Traxpay to Launch Web Application for Digital Bills of Exchange – A New Milestone for Supply Chain Finance

The new application, launching in fall 2025, enables banks and corporates to create, transfer, and finance digital bills of exchange – even without ERP integration. It’s a low-effort entry into digital trade finance. Banks without their own SCF platforms can also offer clients digital financing quickly and easily – without building their own infrastructure. Especially for early payment programs, digital bills of exchange allow seamless use of both internal and third-party liquidity. This solution significantly lowers the barriers to adoption.

For over three years, Traxpay has been a pioneer in bringing digital bills of exchange into practical use for working capital optimization and supply chain finance. While the existing solution is integrable with ERP systems, the new web application opens access to digital trade finance for all market participants through an intuitive user interface.

The technology behind this innovation is powered by Traxpay in collaboration with its partner Enigio, whose trace:original-technology enables secure, legally compliant, and internationally recognized digital documents – in accordance with regulatory frameworks such as the UK Electronic Trade Documents Act, MLETR, and others.

Markus Wohlgeschaffen, Managing Director and Head of Markets & Sales at Traxpay GmbH, comments:
“The legal reforms in Singapore, the UK, and now New York confirm what we at Traxpay have believed for years: the digital bill of exchange is a breakthrough for global trade finance. With our new web app, we are making this technology directly accessible to banks of all sizes and orientations, as well as to corporates – without IT hurdles and with maximum efficiency.”

Patrik Zekkar, CEO of Enigio AB, adds:
“This is exactly what digital trade needs: simple, secure tools that anyone can use. With Traxpay’s app powered by our trace:original technology, you get all the benefits of electronic trade documents and data, without the paper. Digital bills of exchange are a powerful tool for modernising trade and working capital finance, and we’re proud to support Traxpay in making them accessible to any organisation, without complexity or compromise.”

The launch comes amid a clear market resurgence: more and more economies are rediscovering the bill of exchange in its digital form – a financing instrument that was central to trade for decades but fell out of favor in the late 1980s due to its paper-based nature.

Now, thanks to digital usability, the bill of exchange is experiencing a true renaissance – retaining all of its historically proven benefits while gaining new advantages through enhanced efficiency, automation, platform compatibility, and compliance with modern regulatory frameworks.

The industry has at last reached a tipping point, with major players now proving the viability of digital negotiable instruments in live transactions, and with this new application, Traxpay offers a practical, scalable solution to actively shape the digital future of trade finance.

Key Features of Traxpay’s New SCF 2.0 Web Application:

• Browser-based access without technical barriers
  Use digital Bills of Exchange without IT integration or changes to existing processes.
• Legally compliant and tamper-proof thanks to Enigio’s trace:original technology
  Fully compliant with MLETR, UK ETDA, and global standards for digital trade documents.
• Banks and corporates can unlock SCF without infrastructure or onboarding friction
  Enable new liquidity access without renegotiating contracts or opening special accounts.
• Transaction-level traceability supports ESG-linked financing and accounting clarity
  Helps meet audit, rating, and sustainability requirements without triggering bank debt classification.
• Ready for programmable payments, smart contracts, and the digital euro
  Digital, transferable, financeable — future-proof documents for next-gen finance.
• Developed by Traxpay, powered by Enigio – certified, trusted, and market-proven
  Built on ISO 27001-certified infrastructure by leaders in SCF and digital document technology.

Availability:
The web application will be available to selected pilot customers starting in fall 2025. Interested banks and corporates can already register for early access.

About Enigio AB
Enigio AB is a specialist in secure, legally binding digital document solutions. With its patented trace:original technology, Enigio enables companies and institutions worldwide to create, transfer, and archive digital documents in a secure, compliant, and tamper-proof manner.