Enigio Time

Based in Stockholm, Sweden, Enigio was established in 2012 by founders Göran Almgren, Hans Almgren, and Mats Stengård. The founders' backgrounds in technology and finance, particularly Göran Almgren's experience at NASDAQ OMX and Mats Stengård's extensive IT and product development career, provided a strong foundation for the company. The initial impetus for Enigio was to digitize promissory notes, a significant paper-based asset for Swedish banks. This evolved into the company's core mission: to digitize global trade by creating a standardized solution for digital original documents.

Enigio's flagship product, trace:original, is a SaaS B2B technology that creates digital original documents with the legal properties of paper. The solution operates on an open network, meaning that once a document is created, it can be freely transferred to anyone without requiring recipients to subscribe to a platform or ecosystem. This is a key differentiator from closed-platform digital trade solutions. Only the creator of the document needs to be an Enigio customer. The technology uses a distributed ledger to act as a cryptographic notary, recording proof of the document's integrity and history without storing any confidential business data on the ledger itself. The document itself, a portable PDF file, contains all business data, signatures, and transaction history. This ensures the document is secure, verifiable, and legally compliant with frameworks like the UNCITRAL Model Law on Electronic Transferable Records (MLETR) and the UK's Electronic Trade Documents Act.

The company targets a broad market, including banks, corporations, freight forwarders, and logistics providers involved in global trade and finance. Its business model centers on the issuance of these digital documents, generating revenue when a user creates a trace:original document. The solution handles various types of negotiable instruments and documents of title, such as bills of lading, promissory notes, and bills of exchange. By digitizing these traditionally paper-intensive workflows, Enigio enables significant reductions in processing times, costs, and environmental impact, while increasing security and efficiency. The company has received patents in several key markets, including the USA, UK, China, and the EU, and has attracted investment from firms like Lloyds Banking Group and MOOR Holding to fuel its international expansion. Keywords: digital trade documents, trace:original, electronic transferable records, paperless trade, trade finance technology, digital bill of lading, eBL, promissory note digitization, SaaS, DLT for trade, document of title, MLETR compliance, supply chain finance, logistics technology, cryptographic notary, digital original, open network trade, freight documentation, financial technology, Göran Almgren, Mats Stengård, Stockholm fintech