KredX Gets RBI Nod For TReDS Platform

New Delhi: Supply chain finance platform KredX on Thursday said it has received the Reserve Bank of India’s (RBI) final approval to commercially launch its Trade Receivables Discounting System (TReDS) platform under the brand name DTX (Domestic Trade Exchange).

With this approval, KredX became the fifth RBI-regulated TReDS platform in India, marking a pivotal step in its mission to transform supply chain financing in the country, the company said in a statement. The TReDS platform is a government-mandated initiative aimed at addressing the challenge of delayed payments and working capital gaps in the micro, small, and medium enter-prise (MSME) sector, it said. By enabling the discounting of trade receivables on an electronic platform, TReDS fosters transparency, ensures timely payments, and improves liquidity for MSMEs, it said, adding that this is critical in a sector where cash flow disruptions often hinder growth.