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News

December 24, 2024

BLG International Secures $505 Million SKR Assignment, Redefines Global Trade Finance

In a landmark transaction poised to reshape the asset-backed finance industry, BLG International Trade Finance LLC has acquired exclusive custodial rights to a $505 million Safekeeping Receipt (SKR). The SKR represents a high-value collection of United States Minted Uncirculated Coins, authenticated by GFA Authenticators and secured under the esteemed Global Trust Depository.

Industry leaders are heralding the acquisition as a transformative step for global trade finance. By obtaining custodial rights to this multi-million-dollar asset, BLG International cements its position as a frontrunner in asset-backed financing. This strategic move aligns with the company’s mission to drive innovative financial solutions and facilitate large-scale international investments.

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