RE: Supply@Me, the first securitization of inventories12 Aug 2022 11:08
Supply@Me, the first securitization of inventories kicks off, as part of a strategic alliance with VeChain Foundation
Supply@ME Capital plc, the innovative fintech platform, founded by Alessandro Zamboni, which provides Inventory Monetisation service to manufacturing and trading companies, has closed its first securitization deal, as part of a strategic alliance entered into with VeChain Foundation leading player in blockchain services with a focus on supply chain and sustainability (see press release here).
In reality, Supply@Me has been working on the operation for some time. As early as the end of October 2020, in fact, StormHarbour Securities LLP was engaged in the placement with a single institutional investor of the securities of a Supply@Me securitization with an expected value of about €300 million (see press release here) with the aim of getting to bring to market a total of more than €1.6 billion, that is, as much as the value of the portfolio of contracts signed then by the platform. Also in late October 2020, an imminent partnership was announced with a European bank that could act as an investor in all the securitizations that Supply@Me would gradually bring to the market (see other BeBeez article). The deal involved the acquisition of the bank itself by Supply@Me's controlling shareholders along with an alternative fund, with the Industry 4.0 fund managed by Quadrivio Group, which had been mentioned as a potential counterparty (see press release here). The transaction, however, had not gone through.
Now, with VeChain's commitment, the project finally seems to be taking off. As part of the agreement, the underwriting of securitization inventories will take place on the VeChain-Thor blockchain, with the first transaction amounting to $10 million. The agreement, in detail, includes two phases. In the first, an inaugural real transaction involving an Italian company selected by Supply@ME from within its client portfolio will take place by the summer, with VeChain also serving as the investor. Of the initial $10 million made available by the deal, about $1.5 million will be allocated immediately to finance the inventory of the first selected Italian customer, while the remaining amount of capital will be deployed during the second phase, for additional customer companies, including the current U.K. portfolio.
In detail, the second phase of work will aim to build a full-fledged Inventory Monetisation 3.0 Platform, which will include the issuance of non-fungible tokens (NFTs) for the development of innovative marketplaces focused on B2B inventory sales, the exploration of decentralized finance with ad hoc partnerships, and, in general, a dedicated governance protocol. For this phase, inventory monetization operations are also expected to be financed by additional liquidity providers (cryptocurrency managers and direct investors through liquidity pool partnerships).
Alessandro Zamboni, ceo of Supply@ME, commented, "We ar
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