Enigio has been selected as one of the eight pioneering companies participating in the inaugural TradeTech Regulatory Sandbox, an initiative launched by the World Economic Forum in collaboration with the Ministry of Economy, UAE, and the Abu Dhabi Department of Economic Development (ADDED).
The TradeTech Regulatory Sandbox is a groundbreaking platform designed to bridge the gap between regulatory frameworks and technological innovation in cross-border digital trade. By providing a controlled environment for testing and refining new digital solutions, the sandbox fosters collaboration between private sector innovators and public sector regulators. This initiative aims to address key challenges in global trade finance, enhance efficiency, ensure compliance with international standards like the Model Law on Electronic Transferable Records (MLETR), and accelerate the adoption of digital trade practices worldwide.
Enigio’s selection recognises our work in facilitating digital trade transactions while ensuring full MLETR compliance. Our trace:original technology allows the creation of electronic original documents that can be used as negotiable instruments, such as bills of exchange, promissory notes, bills of lading, letters of credit, and more. Our involvement in the sandbox will allow us to further refine our trace:original solution in close collaboration with regulatory bodies, paving the way for more seamless, secure, and sustainable trade processes.
“This initiative is a perfect example of how the public and private sectors can come together to drive meaningful, tangible progress in digitising the end-to-end trade chain,” said Patrik Zekkar, CEO of Enigio.
“By working alongside regulators, we’re not just talking about innovation-we’re putting it into practice, ensuring our solutions meet both market needs and regulatory standards. Being part of this cohort means we can contribute directly to shaping the future of global trade, making it more efficient, transparent, and inclusive.”
About the TradeTech Regulatory Sandbox
This initiative brings together regulators and innovative companies to collaboratively test and refine solutions that tackle critical challenges in the global trade finance ecosystem. The sandbox, powered by NayaOne, offers a robust digital environment for seamless testing and regulatory experimentation, ensuring that new technologies can be integrated into existing systems with confidence and compliance.
Regulatory partners include:
- Abu Dhabi Global Market (ADGM)
- Central Bank of the United Arab Emirates (CBUAE)
- Dubai Financial Services Authority (DFSA)
- Ministry of Cabinet Affairs’s RegLab
What’s next?
The solutions developed and tested within the Sandbox will be showcased during a plenary session at the TradeTech Forum in Abu Dhabi on April 8. This event will highlight the tangible progress made by the participating companies and provide a platform for discussing the future of digital trade.
Enigio’s participation in this first cohort represents a significant step in enhancing digital trade infrastructure through real-world regulatory collaboration. We look forward to contributing to a future where global trade is more sustainable, inclusive, and efficient.