Articles with tag like: blockchain trade finance

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Citigroup raises investment in ethereum-based trade finance startup Komgo

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

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

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

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

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

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

Chinas central bank DLT trade finance platform processes USD 4.5 bln

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

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

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

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 lowers barriers to entry for blockchain trade finance

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

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

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

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

Singapore, India complete first blockchain-powered trade finance

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

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

Natixis joins Marco Polo, the Trade Finance Network powered by Blockchain Technology

News | E-invoicing, SCF & E-procurement | 31 May 2018

Natixis has announced that it has joined the trade finance network Marco Polo, in to offer blockchain-powered trade finance solutions to its clients.

Natixis, Marco Polo, Trade Finance Network, blockchain, blockchain trade finance, blockchain scf