Articles with tag: blockchain trade finance

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Citigroup raises investment in ethereum-based trade finance startup Komgo

23 Mar 2020 | E-invoicing, SCF & E-procurement

US-based bank Citi has upped its investment in the Ethereum-based decentralised trade financing startup Komgo.

Komgo, Citi, Citi Bank, Citi Group, Ethereum, blockchain trade finance, trade finance, startup, banking, US, United States,

China Everbright Bank uses Ant Blockchain for supply chain finance

19 Mar 2020 | E-invoicing, SCF & E-procurement

China Everbright Bank has announced that it has launched a supply chain finance blockchain, with Ant Blockchain Duo Chain solution.

China Everbright Bank, Ant Blockchain Duo Chain, supply chain finance, coronavirus, China, Asia, APAC, CEB, Contour Letter of Credit, Contour, Voltron, blockchain, blockchain trade finance

Standard Chartered joins IBM and Maersk's blockchain shipping platform

17 Mar 2020 | E-invoicing, SCF & E-procurement

Standard Chartered has joined TradeLens, the US-based blockchain shipping platform created by IBM and Denmark-based logistics company Maersk.

Standard Chartered, TradeLens, partnership, US, United States, trade finance, blockchain trade finance, Internet of Things, intermodal providers, customs authorities, freight forwarders, logistics,

MUFG executes blockchain letter of credit using komgo

13 Jan 2020 | E-invoicing, SCF & E-procurement

Japan-based MUFG Bank has completed its first live blockchain transaction on the commodity trade finance platform, komgo.

komgo, MUFG, letter of credit, trade finance, blockchain trade finance platform, trade finance platform, MUFG Bank, ABN AMRO, BNP Paribas, Citi, Crédit Agricole Group, Gunvor, ING, Koch Supply & Trading, Macquarie, Mercuria, Natixis, Rabobank, Shell, SGS, Société Générale

Oman records Its first blockchain trade finance transaction

25 Nov 2019 | E-invoicing, SCF & E-procurement

According to the Oman Observer, Oman Oil and Orpic Group and HSBC Bank have entered into blockchain trade finance deal

Oman Oil, Orpic Group, HSBC Bank, blockchain trade finance deal, trade finance, distributed ledger technology, DLT, Middle East, Oman, Abu Dhabi, oil industry

China Construction Bank launches trade finance blockchain platform

11 Oct 2019 | E-invoicing, SCF & E-procurement

China Construction Bank has officially released its blockchain platform for trade finance, BCTrade2.0 Blockchain Trade Finance Platform.

China Construction Bank, product launch, trade finance blockchain platform, blockchain platform, trade finance, BCTrade2.0, Blockchain Trade Finance Platform, China, Asia, APAC,

Chinas central bank DLT trade finance platform processes USD 4.5 bln

08 Jul 2019 | E-invoicing, SCF & E-procurement

People’s Bank of China’s blockchain trade finance platform has announced it has processed USD 4.5 billion in foreign exchange transactions.

Peoples Bank of China, China, Asia, APAC, trade finance, blockchain trade finance, trade finance platform, distributed ledger technology, cross-border financing

Bangkok Bank, Commerzbank run trade transaction on Marco Polo network

30 May 2019 | E-invoicing, SCF & E-procurement

Marco Polo members Bangkok Bank and Commerzbank have jointly executed an international trade transaction using distributed ledger technology (DLT).

Bangkok Bank, Commerzbank, trade finance, Marco Polo, DLT, blockchain trade finance, blockchain, distributed ledger technology, R3, Corda

Marco Polo welcomes BayernLB, Helaba, S-Servicepartner as new members

30 Apr 2019 | E-invoicing, SCF & E-procurement

Germany-based banks BayernLB, Helaba, and S-Servicepartner have joined the Marco Polo trade finance network for piloting and evaluating purposes.

BayernLB, Helaba, S-Servicepartner, Marco Polo, Germany, trade finance, bank, commercial bank, banking, Europe, North and South America, Middle East, APAC, R3. Corda, blockchain, blockchain trade finance platform, trade finance consortium

ANZ leads regulators towards trade finance blockchain

04 Apr 2019 | E-invoicing, SCF & E-procurement

Regulators in Hong Kong, Singapore and China have announced working with ANZ Banking Group to digitise trade finance through blockchain technology.

ANZ, Hong Kong, Singapore, China, ANZ Banking Group, eTradeConnect, trade finance platform, blockchain, blockchain trade finance platform, Australia, APAC, eTradeConnect platform

Marco Polo lowers barriers to entry for blockchain trade finance

28 Mar 2019 | E-invoicing, SCF & E-procurement

Blockchain trade finance network Marco Polo has lowered its upfront financial commitment, thus signing up 17 banks, with 14 made public so far.

Marco Polo, trade finance, trade finance consortium, blockchain trade finance, financial commitment, entry fees, Commerzbank, TradeIX, blockchain, DLT, Germany, Europe

HSBC settled USD 250 bln in trades with distributed ledger tech

15 Jan 2019 | E-invoicing, SCF & E-procurement

Banking group HSBC has announced it had settled more than USD 250 billion in transactions using distributed ledger technology (DLT).

HSBC, blockchain, distributel ledger technology, DLT, blockchain trade finance, trade finance, HSBC FX Everywhere

Goldman, Morgan Stanley go live with CLS IBM-powered blockchain

29 Nov 2018 | E-invoicing, SCF & E-procurement

CLS, the bank-owned currency trading utility, and IBM have gone live with their blockchain-based payment netting service.

Goldman Sachs, Morgan Stanley, CLS, IBM Blockchain, partnership, world, North America, Europe, Australia, trade finance, IBM-powered blockchain trade finance, payment versus payment, forex market, Bank of China,

Singapore, India complete first blockchain-powered trade finance

21 Nov 2018 | E-invoicing, SCF & E-procurement

BNP Paribas and HSBC Singapore have completed Singapore’s first blockchain-enabled LC transaction between mining company Rio Tinto and Cargill.

BNP Paribas, HSBC Singapore, first blockchain transaction, cross-border transaction, B2B payments, Singapore, India, Rio TInto, Cargill, R3, Corda, blockchain trade finance, trade finance, letter of credit, LC

dltledgers launches SaaS trade finance blockchain platform

20 Nov 2018 | E-invoicing, SCF & E-procurement

Singapore-based technology provider dltledgers has launched its Software as a Service platform with 124 trading partners in production.

dltledgers, product launch, Singapore, SaaS, trade finance, B2B payments, blockchain platform, distributed ledger technology, blockchain transaction, blockchain trade finance platform, digital Bill of Lading, smart contracts, end-to-end payments