Mansa Finance, a DeFi platform offering liquidity to cross-border payment firms and import-export companies, has announced a strategic partnership with Clearpool.
Based on the collaboration, Mansa will launch its cross-border payments and trade-finance services on the Ozean blockchain and Ozean’s DeFi ecosystem.
Ozean is an RWA yield blockchain powered by Clearpool, a decentralized credit marketplace providing crypto lending and borrowing services to businesses.
This marks a crucial development for Mansa’s commitment to democratize access to financing for businesses in emerging markets. The Ozean blockchain will enable Mansa to provide more accessible and efficient financial services to its customers.
Expanding financial liquidity to businesses
Mansa works closely with businesses in emerging markets to enhance their growth with cross-border payments liquidity and trade finance. Launching its products on Ozean will enable businesses to overcome manual processes and USD limitations that have long suppressed growth.
Emerging markets, especially in Africa, experience significant financing gap that obstructs economic development and business growth. Real-time solutions like blockchain and DeFi are vital for the continued growth of such fast-growing economies.
Mansa will leverage Ozean to provide accessible and transparent means of managing and trading assets. By connecting businesses with global investors, blockchain is developing financial infrastructure that addresses traditional barriers like financing constraints and lack of financial services. This approach is especially important for regions, like Africa, where such challenges have impacted growth.
Tokenization of trade finance
Trade finance and international payments execute an important function in the global economy and their applications continue to grow. However, user challenges are many, including lack of access, long settlement periods, high fees, and others.
The use of tokenization in cross-border payments and global commerce is increasingly becoming an important innovation in overcoming such challenges. Tokenization can transform cross-border transactions and finance trade by making them more affordable, secure, and efficient.
Real-world assets, like loans-backed collateral, can be represented as a digital token on a blockchain. Such assets can be recorded, transacted, and repaid on a blockchain with clear records and lower costs. The popularity of this technology is increasing as it is being used to provide a transparent and secure alternative to traditional finance trade and cross-border payment methods.
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