SettlX

Check first.  Then settle.

After 30 years trading commodities, we kept facing the same problems.
  • ▸Buyers couldn’t trust sellers. Sellers couldn’t trust buyers.
  • ▸Payment slow. Transfers costly. Inspections questionable.
  • ▸Documents obsolete. Late settlements.
  • →Difficult experiences. Broken trust. Missed opportunities.
Grain vessel loading
AFRICA → EU → ASIA — TRADE CORRIDORS
Trade Finance · Commodity Trading · Digitalization

$20 trillion in global commodity trade.
Still running on Letters of Credit,
paperwork and blind faith.

The old world

Letters of Credit. SWIFT wires. Paperwork chains.
Trust built on documents — not on verified reality.

The cost

Slow. Opaque. Punishingly expensive.
A 19th-century system serving a 21st-century market.

The gap

$20 trillion in annual commodity trade —
still held together by promises and paperwork.

The shift

A new era is coming.
One where payment follows verified reality — not the other way around.

100

Years. That’s how long documentary credits
have shaped global trade settlement.
The disruption is overdue.

The Trust Infrastructure for Global Trade

SettlX replaces the Letter of Credit
with something the 21st century
actually deserves.

Simple. Secure. Verified.

Six steps from deal initiation
to settlement

1
Buyer Initiates

Contractual payment terms concluded on platform

2
Inspector Deployed

On-site, 4,900 inspectors, in 80+ countries available at short notice

3
Report Uploaded

Geo-stamped evidence — real time pre-shipment quality, quantity control

4
Escrow Funded

Fiat or Stablecoin deposit locked upfront with regulated financial partner

5
Conditions Met

Smart contract + multi-sig escrow agents confirm transaction parameters

6
Settlement Done

Documents sent to buyer, payment released to seller.

Rebuilding the Letter of Credit for the digital age

The logic stays.
The rails are replaced.

Traditional L/C
Bank Custody
Opaque, concentrated, single point of control
→
SettlX
Financial & Digital Asset Partner Custody
Regulated, recognised institutional anchor — trusted by counterparties, investors and regulators alike. No single entity holds or releases funds alone.
Traditional L/C
Bank Documentary Dept.
Slow, fee-heavy, requires established banking relationships
→
SettlX
Multi-Sig Escrow: SettlX + Financial & Digital Asset Partner
SettlX + Financial & Digital Asset Partner co-sign payment release. No single party can act alone.
Traditional L/C
SWIFT
Opaque, slow, expensive cross-border rails
→
SettlX
Fiat Currencies or Stablecoin
Traditional transfers or e-payment digital rails built for this century.
Traditional L/C
Letter of Credit
Paper-based, forgeable, delay-prone
→
SettlX
Digital Escrow
Irrevocable, secured, 3rd party conditional release — same protection as an LC, without the bureaucracy.
Traditional L/C
Documents Only
Payment triggered by paper — not verified reality
→
SettlX
e-Documents + Physical Verification
Buyer-instructed pre-shipment inspection. When used, Outspection range of inspectors validate conditions on-the-ground — fortifying document value. What you see is what you get.

No Check → No Payment.

Escrow. Physical Verification. Fiat + Stablecoin Settlement.
Connected for the first time.

$20T+
Global Commodity Trade
$50B+
Addressable Market
4,900+
Inspection Partners
100+
Years Trading Experience

Partner Ecosystem

Banque Delubac·Outspection Marketplace·Conexus International

Founders with 100+ years in global trade transactions.

The Team

4 senior industry executives, 100+ years combined — Commodity Trading,
Trade Finance, Blockchain and Corporate Law.
Built by operators who lived the problem.

Louis Dreyfus  ·  Trafigura  ·  Bunge  ·  BTG Pactual  ·  Total  ·  Barak Fund  ·  Conexus

Get in touch

Ready to settle differently?

If you trade commodities across borders — or invest in the infrastructure that makes trade work — we’d like to speak with you.

Website
www.settlx.co
Location
Cape Town, South Africa
Recognition
Finalist — SMART Global Grains Trade Challenge 2026

Contact SettlX

Let’s start a
conversation.