$TCS Token Listed on Kraken to Facilitate Freight Invoice Settlement
TCS Blockchain, a Wyoming-based trade finance provider for the transportation industry, has listed its digital asset $TCS on Kraken. This listing enables USD spot trading and provides liquidity to support freight invoice settlements. Transportation companies can now exchange invoice collection rights for $TCS tokens, which they can sell directly for USD via Kraken, bypassing traditional financial intermediaries. The initiative aims to reduce the high costs associated with delayed payments in the trucking industry—where carriers often wait 30-180 days for payment and must rely on invoice factoring. TCS claims users save between 50-90% by using its blockchain-based solution, which also reduces operational complexity and counterparty risk. $TCS is an ERC-20 token built on the Polygon network with a capped supply of fifty billion tokens. Most have been held in treasury since 2022, with new supply released as users settle invoices and sell $TCS for USD.
Topics: blockchain digital asset settlement transportation finance