UAE based InvoiceMate in collaboration with The Internet Computer (ICP) blockchain has successfully tokenized over 100 K invoices worth more than $220 million. InvoiceMate, is a platform for invoice tokenization recognized by Deloitte.

As per the press release, this achievement marks a significant advancement in decentralized finance (DeFi) and highlights the transformative potential of ICP’s blockchain technology in real-world assets (RWAs).

ICP’s decentralized network, known for its scalability, security, and interoperability and its innovative architecture provides an ideal ecosystem for the tokenization of real-world assets, revolutionizing traditional finance. Over 1,850 businesses have benefited, with more than 101,000 invoices tokenized, demonstrating ICP’s capacity to handle large-scale financial processes efficiently and securely.

InvoiceMate, in partnership with ICP, transforms traditional invoices into digital assets, empowering SMEs globally. “InvoiceMate is proud to collaborate with ICP in tokenizing over $220 million worth of invoices,” said Muhammad Ibrahim, head of Web3 and innovation at InvoiceMate. “This milestone underscores our commitment to driving innovation in finance and empowering businesses of all sizes.”

Supported by the Dfinity Foundation, ICP is a decentralized network protocol that revolutionizes the internet by providing a scalable, secure, and interoperable platform for blockchain-based applications. Its architecture allows for the seamless tokenization of real-world assets, unlocking new possibilities for DeFi and financial inclusion.