New York’s adoption of Article 12 of the Uniform Commercial Code gives digital trade documents the same legal standing as paper — if they meet the right criteria. For US banks, corporates, and fintechs, this is a turning point.
Once in force, Article 12 will give you:
Clear legal recognition of digital negotiable instruments under New York law
Reduced transaction risk through enforceable, transferable digital records
The ability to use digital documents as collateral in secured transactions
But here’s the catch: Article 12 only applies to digitally native Controllable Electronic Records (CERs).
Not PDFs. Not legacy formats.
That's where Enigio comes in
We provide the open network for digital trade — no registration, no lock-in, and support for any trade finance document type. Our solution is already aligned with MLETR, the UK’s ETDA, and Article 12’s CER requirements.
With Enigio you can:
Issue, transfer, and manage fully compliant, tamper-proof, digital-native documents today
Start with your highest-impact use case and scale when ready
Navigate legal, technical, and operational readiness with hands-on guidance from industry experts
Be ready
when Article 12
takes effect
Other questions?
Do you have other questions or considerations about implementing MLETR compliant electronic trade documents?
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