Search
Citigroup Unveils Citi Token Services for Cash Management and Trade Finance
20.9.2023
Citigroup has announced the creation and piloting of Citi Token Services for cash management and trade finance. “Citi Token Services will integrate tokenized deposits and smart contracts into Citi’s global network, upgrading core cash management and trade finance capabilities,”...
Citigroup Unveils Token Services for Institutional Clients
19.9.2023
In a pilot, Citi used smart contracts to serve the same purpose as bank guarantees and letters of credit working with shipping company Maersk and a canal authority
Aegis Custody Clears Hurdle in Bid for South Dakota Trust Charter
11.12.2020
Aegis Custody wants to build a tokenized bridge between U.S. investors and trade finance opportunities in Asia
Indian Trade Finance Startup Raises $3.7M in Token Sale Led by Arrington XRP
13.10.2020
Persistence has closed a $3.7 million token round led by Arrington XRP Capital and including Alameda Research, Terra and others
Blockchain can shield banks from billion-dollar trade finance scandals, says exec
4.9.2020
Blockchain can help the trade finance industry prevent billion-dollar scandals and ease trade financing, says expert
World’s Biggest Mining Firm Makes First Ore Trade on a Blockchain
29.6.2020
BHP has completed its first trial trade transaction of iron ore with China's Baosteel using blockchain technology
MakerDAO Weighs Accepting Real-World Assets as Crypto Loan Collateral
4.6.2020
Decentralized finance (DeFi) may soon boast a real-world use case as MakerDao considers accepting freight invoices as collateral for DAI loans
IBM Takes 7% Stake in Trade-Finance Blockchain Network We.Trade
21.5.2020
IBM has become a shareholder in we.trade, the blockchain-based trade-finance platform jointly owned by 12 European banks
Standard Chartered Claims First Yuan-Based Letter of Credit Issued on a Blockchain
13.5.2020
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
DBS Bank Joins Global Blockchain Network to Digitize Trade Settlement
11.5.2020
Singapore-based DBS bank joins blockchain trade-finance network Contour to disrupt its letters of credit settlement process
Vietnam’s HDBank Taps Blockchain Network to Streamline Bank Credit for Corporates
8.5.2020
The bank has signed up 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
9.3.2020
Thirty-eight banks have started using the platform since it entered the test phase in September 2018
HSBC: Blockchain Platform Will Keep Trade Finance Smooth Despite Coronavirus
5.3.2020
The platform’s backers claim that using the blockchain can keep trade financing running smoothly even in times of global crises like the coronavirus
Accenture Will Board Corporates Onto Marco Polo Shipping Blockchain
17.12.2019
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
26.11.2019
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
8.11.2019
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
22.10.2019
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
9.10.2019
Swiss financial giant UBS has started full-fledged transactions on we.trade, a blockchain-based trade finance platform that’s seeing growing adoption
Daimler Carries Out First Transaction on Marco Polo Blockchain Trade Network
25.9.2019
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
19.9.2019
The sixth-largest U.S. company has joined Marco Polo, a consortium working to bring efficiencies to international trade using blockchain tech