Blockchain-based trade finance platform TradeIX announced the appointment of Richard Tynan as Managing Director.

The open platform for global trade finance powered by blockchain technology, offers financial institutions, businesses and lenders with smarter and secure platform for facilitating movement of goods, assets, and credit around the world in support of global trade.

With over 25 years of experience, Richard Tynan has an impressive track record in financial services in fixed Income and capital markets originating, structuring and deal execution for major banks and financial institutions.

“Richard provides immense value and expertise to our bank clients, alternative funders and corporate clients. At this moment, there is an incredible opportunity for TradeIX and its network of clients to rewire the trade finance market. Richard was an early stage investor and co-founder of TradeIX, and as part of our leadership team he will help us further increase the number of companies connected through our platform to generate substantial value for all participants,” Rob Barnes, CEO of TradeIX, stated.

Richard has had the experience in establishing PrimeRevenue Capital Management, a London based company focused on origination and distribution of trade assets. Also, he has served as the Head Debt and Equity Syndication at RBS, Head of Corporate Debt Syndication at Morgan Stanley, among others.

“There is a void for open technologies and platforms that can be adopted on a widespread basis within the trade finance ecosystem. The deep subject matter expertise of the TradeIX team and the collaborative solution of the TIX Platform is driving rapid customer adoption, and I am very much looking forward to taking this solution to additional corporates and financial institutions,” Richard Tynan, Managing Director TradeIX, said.