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.
Persistence has closed a $3.7 million token round led by Arrington XRP Capital and including Alameda Research, Terra and others.
BHP has completed its first trial trade transaction of iron ore with China's Baosteel using blockchain technology.
Aegis Custody wants to build a tokenized bridge between U.S. investors and trade finance opportunities in Asia.
Decentralized finance may soon boast a real-world use case as MakerDao considers accepting freight invoices as collateral for dai loans.
IBM has become a shareholder in we.trade, the blockchain-based trade-finance platform jointly owned by 12 European banks.