Trade Finance

Russia’s Telecom Giant MTS Invests $11.7M in Blockchain Trade-Finance Service

MTS bought 51% of Factorin, a Russia-based trade-finance service.

Business  ·  27 July 2021

R3 Corda Now Has a Bridge to Public Blockchains With Arrival of Ethereum-Based XDC

Former RBS bankers from blockchain startup LAB577 built the bridge.

Business  ·  30 March 2021
Custody

Aegis Custody Clears Hurdle in Bid for South Dakota Trust Charter

Aegis Custody wants to build a tokenized bridge between U.S. investors and trade finance opportunities in Asia.

Business  ·  11 December 2020
Arrington XRP Capital

Indian Trade Finance Startup Raises $3.7M in Token Sale Led by Arrington XRP

Persistence has closed a $3.7 million token round led by Arrington XRP Capital and including Alameda Research, Terra and others.

Business  ·  13 October 2020
Mining

World’s Biggest Mining Firm Makes First Ore Trade on a Blockchain

BHP has completed its first trial trade transaction of iron ore with China's Baosteel using blockchain technology.

News  ·  29 June 2020
Hyperledger Fabric

IBM Takes 7% Stake in Trade Finance Blockchain Network We.Trade

IBM has become a shareholder in we.trade, the blockchain-based trade-finance platform jointly owned by 12 European banks.

Business  ·  21 May 2020
Standard Chartered Bank

Standard Chartered Claims First Yuan-Based Letter of Credit Issued on a Blockchain

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.

News  ·  13 May 2020
Trade Finance

Vietnam’s HDBank Taps Blockchain Network to Streamline Bank Credit for Corporates

The bank has signed on to a blockchain-based trade finance network from Contour with the aim of bringing corporate settlements into the digital realm.

Tech  ·  8 May 2020
China

China Injects $4.7M Into Central Bank’s Blockchain Trade Finance Platform

Thirty-eight banks have started using the platform since it entered the test phase in September 2018.

Policy & regulation  ·  9 March 2020
Trade Finance

BNY Mellon Aims to Go Live ‘ASAP’ on Trade Finance Blockchain Marco Polo

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.

Business  ·  26 November 2019
News

DBS Bank Partners With Singapore Government to Launch Blockchain Trade Platform

Asian banking giant DBS and multinational commodity trading firm Trafigura Group are tapping blockchain to facilitate global trade.

Markets  ·  8 November 2019
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.

Markets  ·  22 October 2019
News

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.

Markets  ·  9 October 2019
R3 Corda

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.

Business  ·  25 September 2019
Banking

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.

Business  ·  19 September 2019