Mercore has expanded its collaboration with Enigio to support the wider adoption of digital trade finance through a turnkey service for financial institutions and their clients.

The companies aim to deliver a service that allows institutions and corporates to adopt digital, legally enforceable documents without the need for significant system integration or upfront investment.

The partnership combines Mercore’s trade execution and banking experience with Enigio’s open-technology platform, which enables the creation of secure, MLETR-compliant electronic trade documents.

Mercore has already completed transactions using Enigio’s trace:original technology. These have shown that digital negotiable instruments can shorten settlement times from days or weeks to same-day financing. According to Mercore, this has also created opportunities to finance shorter-term trade flows that were previously considered uneconomical, while meeting growing client demand for faster access to liquidity.

Enigio said the expanded offering will reduce barriers to adoption by providing tools that are legally recognised across multiple jurisdictions. The company noted that the live transactions completed to date have built confidence in the market and demonstrated the potential for corporates and SMEs to achieve faster execution and lower risk through digital processes.