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Insights That Shape Global Trade Today and Tomorrow

Stay informed with expert analysis, product updates, and trends driving the digital transformation of global trade

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LOI - Syndrome or Solution?
Piotr Cichocki May 2026  Secro Inc. – Maritime & Trade Solutioning, Managing Director    LOI. Syndrome or Solution?  Letters of Indemnity in commodity trade: what digitalization can – and cannot – fix.  I. The instrument nobody wants and everybody uses  Ask any commodity trader, shipowner,...
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Why commodity trade’s digitalization keeps arriving at the wrong destination - and what to do about it
Piotr Cichocki April 2026 Secro Inc. – Maritime & Trade Solutioning, Managing Director „I love standards. There are so many of them.” Why commodity trade’s digitalization keeps arriving at the wrong destination – and what to do about it. Three platforms. Four standards bodies. Five working...
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China's Maritime Code took effect on May 1st 2026 - its first rewrite since 1993
China’s Maritime Code took effect on May 1st 2026 – its first rewrite since 1993. For the first time, electronic bills of lading are legally recognized in China under statute. For anyone handling BLs on China trades – in a bank’s documentary team, a commodity trader’s operations...
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Secro tokenized bill of lading offers an improved standard for digital securitization in the cross border trade of primary commodities
Legacy E-Bills of Lading Traditional e-bills of lading, introduced by various providers since the early 2000s, base their legal validity on a private multi-party agreement known as the “rulebook.” Despite their potential, these legacy e-bills have seen limited adoption, with a current usage...
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Quantitative Analysis - Improving CCF, RWA, WACC with Secro Tokenized Bill of Lading
In this analysis, we compared two scenarios for a bank’s $100 million portfolio of commodity trade finance loans: one where 100% of the portfolio is secured with Secro tokenized e-bills of lading (eBL) and another where only 70% of the portfolio is secured due to the use of couriered paper bills...
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Advantages for Borrowers Using Secro Tokenized eBL
Borrowers in commodity trade finance can significantly benefit from using Secro tokenized electronic bills of lading (eBL) over traditional paper-based bills of lading. Firstly, Secro tokenized eBL ensures faster processing times. The electronic transfer of title is instantaneous, reducing delays associated...
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SECRO® 2026. All Rights Reserved.

Andrew Sanaghan
LinkedIn
COO

Experienced fintech and banking leader with a strong track record in scaling businesses and driving digital transformation. He most recently served as Managing Director at My Pulse, a SAAS data analytics provider, rapidly scaling the company from concept to revenue generation. Previously, as COO and Global Head of Financial Services at Validis, he led major growth initiatives. Andrew has also held senior roles at Deloitte, Lloyds Banking Group, and HSBC, with deep expertise in commercial banking and technology-driven solutions.

Giovanni Agostinelli
LinkedIn
Strategic Advisor

Giovanni “Gio” Agostinelli brings investment-grade technology assessment expertise that directly accelerates Secro clients’ scaling success. As Partner at Sway Ventures, Giovanni has mastered the art of identifying breakthrough technologies before they achieve widespread recognition, backing companies like Outbuild, Measurabl, Slingshot Aerospace, and Tally Technologies through their critical growth phases. His rigorous due diligence framework helps Secro clients answer the questions that matter most: Is this technology truly transformative? Can it scale commercially across global markets? What does successful adoption look like? Drawing from cross-sector experience spanning renewable energy infrastructure at ThomasLloyd Group to enterprise IT software investments, Giovanni provides Secro clients with the same analytical rigor and commercial scaling intelligence that guides multi-million dollar technology investment decisions across the US and Europe, enabling them to transform proven innovations into industry-wide solutions with confidence.

Nakul Malhotra​
LinkedIn
Strategic Advisor

Nakul Malhotra is Vice President of Emerging Opportunities at Wilhelmsen Group, leading corporate venturing across internal venture building, external innovation partnerships and early-stage maritime VC investments. A marine engineer by training with over 30 years of international maritime commercial, operational and management experience, he holds qualifications in marine engineering, business management and has direct seafaring experience.

Active in the global maritime innovation ecosystem, Nakul serves on multiple boards and advisory boards, mentors in incubators and accelerators worldwide, and is a Fellow or Chartered Fellow of leading professional maritime institutions. He contributes to industry committees including the Singapore Shipping Association’s Digital Transformation Committee and the Maritime Innovation Committee of the Royal Institution of Naval Architects, and is an Investment Committee member for the Maritime and Port Authority of Singapore’s MINT Fund. He is a strong advocate for sustainability, inclusion and the fusion of maritime domain expertise with emerging technologies.

Christophe Salmon
LinkedIn
Strategic Advisor

Christophe Salmon was CFO of Trafigura from 2015 to 2024. He previously led commodity finance at BNP Paribas. At Trafigura, he managed global finance operations and helped strengthen the firm’s capital structure before retiring, handing over to successor Stephan Jansma.