A blockchain and distributed ledger technology company is launching a platform to increase access to capital markets funding for small companies and open the private debt market to more investors. New York-based Cadence specializes in helping small to medium sized companies securitize short term cash flows such as invoices or other trade receivables. In turn, the companies are able to cover things like payroll and inventory with the proceeds of the securitization. Cadence structures...

Blockchain technology will be a wide ranging structural improvement to underlying infrastructure of the securitization market, said panellists on Wednesday, but the technology is going to need a “proof of concept” before institutions will be convinced to move away from legacy systems. Speakers compared blockchain to the advent of email, and told the audience that in the future, issuing deals using the traditional methods will be akin to conducting business via fax today. Securitization issued...