Trade Finance
Standard Chartered Claims First Yuan-Based Letter of Credit Issued on a Blockchain
The bank said the blockchain letter-of-credit transaction – between mining giant Rio Tinto and Chinese firm Baosteel – was the first to be denominated in yuan.
Vietnam's HDBank Taps Blockchain Network to Streamline Bank Credit for Corporates
The bank has signed on to a blockchain-based trade finance network from Contour with the aim of bringing corporate settlements into the digital realm.
China Injects $4.7M Into Central Bank's Blockchain Trade Finance Platform
Thirty-eight banks have started using the platform since it entered the test phase in September 2018.
Accenture Will Board Corporates Onto Marco Polo Shipping Blockchain
Accenture plans to help TradeIX create new use cases beyond banking for buyers and sellers within trade finance after backing the Marco Polo tech partner.
BNY Mellon Aims to Go Live 'ASAP' on Trade Finance Blockchain Marco Polo
Bank of New York Mellon has joined the Marco Polo trade finance consortium running on R3’s Corda, becoming the 28th bank to do so.
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.
Japan's Third Largest Bank Completes Blockchain Trade Finance Test
The third largest bank by assets in Japan, is set to begin utilizing R3's Marco Polo trade finance blockchain on a commercial basis by the end of 2019.
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.
Daimler Carries Out First Transaction on Marco Polo Blockchain Trade Network
Automaker Daimler has carried out its first commercial transaction on the blockchain-based Marco Polo trade finance network.
Bank of America Joins Marco Polo Blockchain Trade Network
The sixth-largest U.S. company has joined Marco Polo, a consortium working to bring efficiencies to international trade using blockchain tech.
