Şişecam issues first Working Capital Note™ under multi-million dollar facility, launching new phase of liquidity strategy
This is a Press Release from our Partner, ETR Digital London / Istanbul – January 21st Şişecam, the specialist glass and chemicals manufacturer, has completed the issuance of its first Working Capital Note™ (WCN) under a multimillion-dollar working capital facility. The transaction took place on 30 December 2025 and was financed by İşbank, issued via the Faturalab platform and enabled by ETR Digital’s award-winning Flownote™️ technology. It represents the first live use of this structure within Şişecam’s treasury operations and establishes the…
Franklin
Can Stablecoins Fix FX Risk?
Written by Sharyn Tan (Views are my own) Stablecoins are often positioned as a breakthrough for cross-border payments and treasury operations. By enabling near-instant, programmable settlement, they dramatically shorten settlement times — and with that, surely too the window for foreign exchange (FX) risk. But here’s the harder question: Similar to liquidity traps, do stablecoins actually eliminate FX…