Trade Finance

DBS Bank Partners with Singapore Government to Launch Blockchain Trade Platform

Asian banking giant DBS and multinational commodity trading firm Trafigura Group are tapping blockchain to facilitate global trade. Alongside the…

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Japan’s Third Largest Bank Completes Blockchain Trade Finance Test

Sumitomo Mitsui Banking Corporation (SMBC), the third largest bank by assets in Japan, is set to begin utilizing R3’s Marco…

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Banking Giant UBS Goes Live on We.Trade Blockchain for Trade Finance

Swiss financial giant UBS has started full-fledged transactions on we.trade, a blockchain-based trade finance platform that’s nearing wide adoption by…

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Daimler Carries Out First Transaction on Marco Polo Blockchain Trade Network

Automaker Daimler has carried out its first transaction on the blockchain-based Marco Polo trade finance network. The pilot commercial trade…

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Bank of America Joins Marco Polo Blockchain Trade Network

Bank of America has joined Marco Polo, a consortium working to bring efficiencies to international trade using blockchain technology. Founded…

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HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit

HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan. The bank said Tuesday that the…

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R3’s Marco Polo Trade Blockchain Takes Another Step Toward Production

Marco Polo, the trade finance blockchain network launched in 2017 by R3 and TradeIX, is moving slowly but surely toward…

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New Zealand’s ASB Bank Takes Stake in Trade Finance Blockchain Startup

A New Zealand bank has invested a “significant” amount in a startup working to put trade finance on a blockchain. Announced…

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Standard Chartered Completes First Transaction on Oil Industry Blockchain Platform Voltron

Standard Chartered Bank has announced the successful completion of the first international letter of credit (LC) transaction on the oil…

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