推进数字贸易：阿联酋贸易科技监管沙盒洞见

In collaboration with the Ministry of Foreign Trade,United Arab Emirates, and Abu Dhabi Departmentof Economic Development W H I T EP A P E RS E P T E M B E R2 0 2 5 Contents Foreword3 Executive summary4 Introduction5 1.2 Enigio: Legally recognized digital originals11 2 Identity and trust systems for SME trade finance13 2.1 Empeiria: Verifiable data and digital product passports2.2 IOTA: Tokenizing trade data and digital identity for trade finance1314 4 Digital guarantees and payment settlement4.1 Medad Holdings: Stablecoin-based trade settlement4.2 Haifin: Digitalizing bank guarantees191921 5 Policy recommendations22 5.3 Credit assessment and SME inclusion25 Conclusion28 Contributors29 Endnotes31 Disclaimer This document is published by theWorld Economic Forum as a contributionto a project, insight area or interaction.The findings, interpretations andconclusions expressed herein are a resultof a collaborative process facilitated andendorsed by the World Economic Forumbut whose results do not necessarilyrepresent the views of the World EconomicForum, nor the entirety of its Members,Partners or other stakeholders.©2025 World Economic Forum. All rightsreserved. No part of this publication maybe reproduced or transmitted in any formor by any means, including photocopyingand recording, or by any informationstorage and retrieval system. Foreword in global trade. The results demonstrated thatwhen innovation is met with regulatory openness,remarkable efficiency gains can be achieved – fromfaster documentation and real-time settlements toexpanded access to trade finance for small andmedium-sized enterprises. At the same time, theinitiative highlighted critical areas where regulatoryclarity, legal harmonization and robust risk-sharingmechanisms should be considered essential tounlocking broader impact. Global trade stands at the threshold of a new era.Emerging technologies are rapidly reshaping themovement of goods, services and capital acrossborders, unlocking opportunities to make trademore inclusive, efficient and resilient. Yet the fullpromise of digital trade will be realized only whenbold innovation is matched by agile, forward-thinking regulation. Jasem Al Awadhi Acting Director-Generalof Economic Affairs atAbu Dhabi Department ofEconomic Development(ADDED) Maryam Alloz Chief of Staff to the Ministerof Foreign Trade, Ministry ofForeign Trade, United ArabEmirates The TradeTech Regulatory Sandbox marks apioneering step on this journey. Jointly led bythe United Arab Emirates Ministry of ForeignTrade, the Abu Dhabi Department of EconomicDevelopment (ADDED) and the World EconomicForum, this initiative convened start-ups, regulatorsand partners from the public and private sectorsto test breakthrough technologies – including AI,blockchain, tokenized finance and stablecoins – in areal-world trade environment. This white paper distils the key lessons and policyrecommendations emerging from the sandboxexperience. It is designed to inform regulators,innovators and global trade leaders navigatingsimilar challenges around the world. More broadly, itillustrates how public–private collaboration can drivenot only the adoption of new technologies but alsothe evolution of smarter, more adaptive regulation. Tim Stekkinger Head, TradeTech GlobalInitiative, World EconomicForum We extend our sincere gratitude to all participatingcompanies, regulators and partners who madethis initiative possible. The path to digital trade iscomplex, but with collaboration, transparency anda shared commitment to modernization, a moredynamic and inclusive global trading system iswithin reach. The UAE – well-known for its proactive approachand frameworks that strike the right balancebetween fostering innovation and maintainingrobust regulatory oversight to ensure stability,protection of stakeholders’ interests and mitigationof systemic risks – was chosen as the dynamic hubfor this endeavour. Over the course of several months, eight innovativecompanies collaborated closely with four UAEregulators to address long-standing frictions Executive summary The success of the TradeTech sandbox showsthat innovation and regulation can work sideby side, streamlining international trade. Beyond technical performance, the sandboxunderscored the importance of regulatoryreadiness. Unlocking the full benefits of theseinnovations requires not only technologicalmaturity but also policy alignment and enablinglegal frameworks. To that end, the report presentsconcrete, forward-looking policy recommendations:broader adoption of the United Nations Commissionon International Trade Law (UNCITRAL) Model Lawon Electronic Transferable Records (MLETR), formalrecognition of decentralized identity and verifiablecredentials and the development of regulatorypathways for tokenized trade assets, digital bankguarantees and stablecoin-based settlement tools. Global trade is undergoing historic changes. Whiledigital technologies have transformed virtually e