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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
China’s Central Bank Proposes a Blockchain-based Trade-Finance Platform
14.5.2020
China’s central bank, along with other government bodies, proposed a blockchain trade financing information platform
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
Citigroup Raises Investment in Ethereum-Based Trade Finance Startup
22.3.2020
Citi announces additional investment in Komgo, also begins to integrate its trade processing system with platform’s blockchain
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
Standard Chartered Invests More Money in Newly Rebranded Trade Finance Startup
28.1.2020
Standard Chartered has invested in Contour, the recently-rebranded Voltron blockchain trade finance platform digitizing letters of credit for financial institutions
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
R3’s Marco Polo Runs Largest Trade Finance Trial With Over 70 Members
16.12.2019
R3’s trade finance network Marco Polo completes its largest trade finance trial involving more than 70 firms
R3 Completes Trade Finance Blockchain Trial With More Than 70 Organizations
16.12.2019
The trade finance blockchain consortium claims that it completed more than 700 funding requests with around 340 participants
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
The bloodbath continues
25.11.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 25 November, 2019 “Respect for ourselves guides our morals, respect for others guides our manners.” - Laurence Sterne In today's newsletter, we will be covering: Oman seeing first trade finance transaction on blockchain Philippines...
The bloodbath continues
25.11.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 25 November, 2019 “Respect for ourselves guides our morals, respect for others guides our manners.” - Laurence Sterne In today's newsletter, we will be covering: Oman seeing first trade finance transaction on blockchain Philippines...
Oman Sees First Trade Finance Transaction on Blockchain
23.11.2019
Oman Oil and Orpic Group and HSBC Bank Oman SAOG carry out the country’s first blockchain trade finance transaction
ITFC Raises Its Trade Finance and Development Efforts in OIC Countries
12.11.2019
International Islamic Trade Finance Corporation (ITFC) has announced that in the third quarter of 2019, it helped in boosting growth in these nations by financing transactions to the tune of $2.2 billion. It is a significant development and shows the sort of financial commitment that has been made...
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
South Korea Aims to Put Trade Finance on the Blockchain by 2021
15.10.2019
The government-backed program will bring trade and contract data into distributed ledgers