PrimeRevenue Announces Solana Tokenization of Electronic Time Drafts

PrimeRevenue announced Oct. 26 that it is tokenizing its Electronic Time Drafts (ETDs) on Solana, aiming to connect the company's funding partners with on-chain capital markets. An ETD represents a buyer's obligation to pay a specified amount on a future date. The shared digital record is designed to track issuance, transfers and other lifecycle events, along with settlement when the draft matures. PrimeRevenue's working-capital platform serves 50,000 companies and has more than 100 funding partners. It facilitates over $300 billion in annual payment transactions, a platform-wide figure; no separate ETD tokenization volume was disclosed.

Also reported by The Defiant.

Source: TokenPost