Trade Finance

Trade Finance

Finance

Inside the high-stakes battle between digital dollars and Swift's massive money engine

Crypto executives say new blockchain payment infrastructure could make Swift obsolete. Bankers say its 11,500-institution network gives it the power to absorb the technology instead.

Swift logo on an office wall.

Tech

Live updates: Bitcoin slips back to $63,000; MSCI threatens to exclude Strategy from indices

WTI crude tops $82 a barrel, adding inflation pressure and weighing on risk assets as bond yields rise.

BTC price past 24 hours

Finance

South Korea trading giant puts receivables onchain in tokenization test with LG CNS

POSCO International and LG CNS is tapping Injective network to tokenize live commercial invoices, another sign blockchain rails are moving deeper into corporate finance.

South Korea (Photo by Daniel Bernard on Unsplash/Modified by CoinDesk)

Finance

DeFi won't win over big banks until it fixes its hacking problem, executives say

Lenders are particularly interested in blockchain's back-office applications, but security failures are blocking wider adoption.

The panel at Proof of Talk in Paris.

Finance

Commodity traders are getting debanked due to Iran war, pushing them to rely on stablecoins

As banks retreat from trade finance amid Iran-linked risk fears, non-bank lenders and traders are increasingly turning to stablecoins for settlement, according to Haycen’s Luke Sully.

Shipping vessel at sea (Getty Images/Unsplash+/Modified by CoinDesk)

Finance

Africa Embraces Stablecoins Via IOTA to Unlock $70B Pan-Continent Trade Tech

Formed in partnership with the Tony Blair Institute and the WEF, the initiative aims to overhaul trade with USDT payments across 55 African nations.

Globe showing Africa (James Wiseman/Unsplash, modified by CoinDesk)

Finance

XDC Network Acquires Contour to Expand Stablecoins and Tokenization in Trade Finance

XDC said it's reviving the once-shuttered blockchain platform to help banks and businesses streamline trade financing from documentation to settlements.

XDC co-founder Ritesh Kakkad (XDC)

Finance

Haycen Secures Stablecoin Issuance License in Bermuda

The company provides stablecoin-based products for non-bank lenders in global trade.

a containter ship seen from abvoe

Finance

Northern Trust to Provide Custody, Cash Management Services for Stablecoin Issuer Haycen

Haycen provides stablecoin-based solutions for non-bank lenders in global trade.

(Shutterstock)

Finance

Tokenized RWA Platform Huma Finance Gets $38M Investment, Plans Expansion to Solana and Stellar’s Soroban

Huma's payment-finance platform aims to address the liquidity needs of trade financing using blockchain technology for faster settlement.

Founders of Huma Finance and Arf (PRNewsfoto/Huma Finance, Arf)