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Trade Finance
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.
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.
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.
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.
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.
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.
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.
Accenture Will Board Corporates Onto Marco Polo Shipping Blockchain
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.
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.
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.
