NayaOne is collaborating with the World Economic Forum (WEF), the UAE Ministry of Economy, and the Abu Dhabi Department of Economic Development (ADDED) on a new initiative aimed at enhancing global trade.
This project, known as the TradeTech Regulatory Sandbox, seeks to streamline trade processes by integrating advanced technologies.
It leverages NayaOne’s Digital Sandbox platform, which brings together regulators, global enterprises as well as technology providers to advance the trade finance sector within a secure framework.
The project is also supported by several key regulatory bodies, including Abu Dhabi Global Market, the Central Bank of the UAE, the UAE Ministry of Cabinet Affairs and the Dubai Financial Services Authority, all committed to fostering innovation in digital trade.
Karan Jain, CEO at NayaOne, commented: “Global trade is at an inflection point – technology and regulation must sync to drive efficiency, transparency, and inclusion. The TradeTech Regulatory Sandbox is a world-first, bringing together regulators, banks, enterprises, and innovators to build, test and scale solutions that will help shape the future of trade finance.”
First participants
The initial group of participants includes companies from the UAE, Africa, Sweden, India, Germany and Estonia, tasked with testing and refining technological solutions to ensure they meet regulatory standards and help facilitate the broader adoption of digital trade technologies.
This effort represents a significant move towards developing a robust digital trade infrastructure that could enhance the efficiency and security of cross-border commerce.
“At NayaOne, we’re excited to power this initiative, providing the infrastructure that enables real-world experimentation and accelerates the adoption of transformative trade tech,” Jain also added
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