Browsing the "Trade Finance" Tag

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

| Daniel Palmer

HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan.

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

| Ian Allison

The trade finance blockchain platform has passed another milestone in its development, with a successful pilot of real-time payment triggers.

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

| Daniel Palmer

ABS has invested a "significant" amount in TradeWindow, a startup working to put trade finance on a blockchain.

Standard Chartered Completes First Transaction on Blockchain Trade Platform Voltron

| Daniel Palmer

Standard Chartered Bank has completed its first international letter of credit transaction on the open-industry blockchain trade platform Voltron.

Russian Retailer Dixy Using Ethereum Tech to Streamline Trade Finance

| Anna Baydakova

Grocery chain Dixy has partnered with a blockchain startup to greatly reduce the time it takes to pay suppliers

Bitfury, Tech Firm Mphasis Plan Blockchain Disruption in Trade Finance

| Yogita Khatri

Blackstone-owned IT firm Mphasis has partnered with blockchain tech firm Bitfury to automate and tokenize trade finance processes.

Over 50 Banks, Firms Trial Trade Finance App Built With R3’s Corda Blockchain

| Yogita Khatri

ABN Amro, Standard Chartered and around 50 other firms have participated in tests of Voltron, a trade finance platform built with R3's Corda.

We.Trade Co-Founder Mancone Is Leaving the Enterprise Blockchain Firm

| Ian Allison

Roberto Mancone is leaving we.trade, the live trade finance blockchain platform which he helped grow into a legal entity comprising 14 banks.

Top 3 Japanese Bank to Roll Out Services on Marco Polo Blockchain

| Yogita Khatri

Sumitomo, Japan’s third-largest bank by total assets, will launch blockchain-based trade finance services in the second half of this year.

China’s Foreign Exchange Regulator Piloting Blockchain in Trade Finance

| Daniel Palmer

The agency that regulates and manages China's foreign exchange reserves will trial a blockchain system addressing inefficiencies in cross-border…