Trade Finance

Trade Finance

Pananalapi

Indian Trade Finance Startup Raises $3.7M in Token Sale Led by Arrington XRP

Persistence has closed a $3.7 million token round led by Arrington XRP Capital and including Alameda Research, Terra and others.

Container ship outside Hong Kong

Merkado

World's Biggest Mining Firm Makes First Ore Trade on a Blockchain

BHP has completed its first trial trade transaction of iron ore with China's Baosteel using blockchain technology.

(Shutterstock)

Pananalapi

MakerDAO Weighs Accepting Real-World Assets as Crypto Loan Collateral

Decentralized finance may soon boast a real-world use case as MakerDao considers accepting freight invoices as collateral for dai loans.

Credit: Shutterstock

Pananalapi

IBM Takes 7% Stake in Trade Finance Blockchain Network We.Trade

IBM has become a shareholder in we.trade, the blockchain-based trade-finance platform jointly owned by 12 European banks.

TRADING PLACES: IBM is taking a more active role in we.trade, the trade finance platform. (Credit: Shutterstock)

Merkado

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.

Credit: Daniel Fung/Shutterstock.com

Tech

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.

Da Nang City, Vietnam (Credit: Shutterstock)

Patakaran

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.

People's Bank of China's headquarters in Beijing

Merkado

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.

Accenture image via Shutterstock

Pananalapi

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.

BNY Mellon, Bank

Merkado

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.

(Shutterstock)