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Trade Finance

sumitomo
Markets
News
Japan's Third Largest Bank Completes Blockchain Trade Finance Test
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.
sumitomo
By Richard Meyer
Oct 22, 2019 at 5:00 a.m. UTC
Oct 22, 2019
NewsTrade FinanceR3
trade-finance
Markets
Ubs
Banking Giant UBS Goes Live on We.Trade Blockchain for Trade Finance
Swiss financial giant UBS has started full-fledged transactions on we.trade, a blockchain-based trade finance platform.
trade-finance
By Ian Allison
Oct 9, 2019 at 10:00 a.m. UTC
Oct 9, 2019
UBSNewsTrade FinanceSociété Généralewe.trade
mercedes-car
Markets
News
Daimler Carries Out First Transaction on Marco Polo Blockchain Trade Network
Automaker Daimler has carried out its first commercial transaction on the blockchain-based Marco Polo trade finance network.
mercedes-car
By Daniel Palmer
Sep 25, 2019 at 10:00 a.m. UTC
Sep 25, 2019
NewsTrade FinanceMarco PoloR3 CordaBusiness News
bank-of-america-6
Markets
Bank of america
Bank of America Joins Marco Polo Blockchain Trade Network
The sixth-largest U.S. company has joined Marco Polo, a consortium working to bring efficiencies to international trade using blockchain tech.
bank-of-america-6
By Daniel Palmer
Sep 19, 2019 at 1:00 p.m. UTC
Sep 19, 2019
Bank of AmericaBankingNewsTrade FinanceR3Supply ChainMarco PoloBusiness News
hsbc-hk
Markets
China
HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit
HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan.
hsbc-hk
By Daniel Palmer
Sep 3, 2019 at 8:12 a.m. UTC
Sep 3, 2019
ChinaBankingHSBCNewsTrade FinanceCapital MarketsBusiness News
marco_polo_travels
Markets
Banking
R3's Marco Polo Trade Blockchain Takes Another Step Toward Production
The trade finance blockchain platform has passed another milestone in its development, with a successful pilot of real-time payment triggers.
marco_polo_travels
By Ian Allison
Aug 14, 2019 at 12:07 p.m. UTC
Aug 14, 2019
BankingNewsTrade FinanceSupply Chainwe.tradeMarco PoloR3 CordaBusiness News
ship-and-containers-trade
Markets
Investment
New Zealand's ASB Bank Takes Stake in Trade Finance Blockchain Startup
ABS has invested a "significant" amount in TradeWindow, a startup working to put trade finance on a blockchain.
ship-and-containers-trade
By Daniel Palmer
Aug 13, 2019 at 1:10 p.m. UTC
Aug 13, 2019
investmentVenture CapitalNew ZealandBankingNewsTrade FinanceSupply ChainInvestmentsBusiness News
fuel-tanker
Markets
News
Standard Chartered Completes First Transaction on Blockchain Trade Platform Voltron
Standard Chartered Bank has completed its first international letter of credit transaction on the open-industry blockchain trade platform Voltron.
fuel-tanker
By Daniel Palmer
Aug 7, 2019 at 10:00 a.m. UTC
Aug 7, 2019
NewsStandard Chartered BankTrade FinanceOilBusiness News
shutterstock_536182882
Markets
Retail
Russian Retailer Dixy Using Ethereum Tech to Streamline Trade Finance
Grocery chain Dixy has partnered with a blockchain startup to greatly reduce the time it takes to pay suppliers
shutterstock_536182882
By Anna Baydakova
Jun 5, 2019 at 9:00 a.m. UTC
Jun 5, 2019
RetailPaymentsRussiaStartupsMerchantsNewsTrade FinanceBusiness News
shipping-trade-finance-2
Markets
Bitfury
Bitfury, Tech Firm Mphasis Plan Blockchain Disruption in Trade Finance
Blackstone-owned IT firm Mphasis has partnered with blockchain tech firm Bitfury to automate and tokenize trade finance processes.
shipping-trade-finance-2
By Yogita Khatri
May 29, 2019 at 1:00 p.m. UTC
May 29, 2019
BitFuryNewsTrade FinanceCapital MarketsSupply ChainTokenizationBusiness News