ResearchIndustry2026-10-04
Bonded Digital Warehouse Receipt Pledge at T+0 Frees ¥100.5m on a 50kt Rubber Cargo
A browser-side SHA-256 fingerprint lets title be verified before documents are presented, so banks cut pledge lending from T+3 to T+0; on a 50kt natural-rubber cargo worth ¥100.5m, working-capital turnover rises from 9x to over 10x.