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Supply@Me teams up with VeChain (VET) to transform financing for SMEs

By:
on May 15, 2024
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  • The strategic partnership enhances fintech for trading & manufacturing firms.
  • The entities are developing a high-end platform for generating non-debt cash flow.
  • VET prices maintained sideways actions with a bearish touch.

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The SYME Annual Report reveals more optimistic updates for crypto project VeChain (VET) and its investors.

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Finance and logistics platform Supply@ME joined forces with VeChain to transform supply chain financing for small and midsize enterprises. 

According to the report, the companies are developing a new blockchain-powered platform for generating money without debt. 

Supply@ME Chairman Albert Ganyushin commented on the deal, highlighting surged interest in real-world asset tokenization and why their company views it as a massive opportunity. 

He added that the Group’s strategic alliance with VeChain -cemented by structuring a security coin framework – showcases the practicality of tokenizing inventory. 

“The viability of tokenization of inventory had already been demonstrated by the Group’s strategic partnership with VeChain Foundation and was further solidified by the progress made in structuring a security token framework.”

VET price outlook

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The native coin battled bearishness during this writing, down 0.01% on its daily price chart. 

VET mimics broad crypto market performance, but one analyst forecasts explosive growth for the altcoin. 

Ali Martinez observed a recurring fractal setup on VeChain’s monthly chart, setting the asset for notable bounce-backs in the summer before exponential growth in the fall. 

VeChain has ruled the real-world assets tokenization sector in 2024. Maintaining the trend means significant project expansion and impressive price performance for VET in the coming sessions.

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