Trade Finance

R3’s Marco Polo Trade Blockchain Takes Another Step Toward Production

Marco Polo, the trade finance blockchain network launched in 2017 by R3 and TradeIX, is moving slowly but surely toward…

New Zealand’s ASB Bank Takes Stake in Trade Finance Blockchain Startup

A New Zealand bank has invested a “significant” amount in a startup working to put trade finance on a blockchain. Announced…

Standard Chartered Completes First Transaction on Oil Industry Blockchain Platform Voltron

Standard Chartered Bank has announced the successful completion of the first international letter of credit (LC) transaction on the oil…

Russian Retailer Dixy Using Ethereum Tech to Streamline Trade Finance

A new ethereum-based trade finance platform has been launched in Russia with the third largest retail player in the country…

Bitfury, Tech Firm Mphasis Plan Blockchain Disruption in Trade Finance

IT firm Mphasis, which is owned by private equity multinational Blackstone, has partnered with blockchain tech firm Bitfury with the…

Over 50 Banks, Firms Trial Trade Finance App Built With R3’s Corda Blockchain

ABN Amro, Standard Chartered, ING and around 50 other banks and companies have participated in tests of a trade finance…

We.Trade Co-Founder Mancone Is Leaving the Enterprise Blockchain Firm

Roberto Mancone, the charismatic chief operating officer of trade finance platform we.trade, is leaving the company. One of the co-founders…

Top 3 Japanese Bank to Roll Out Services on Marco Polo Blockchain

Sumitomo Mitsui Banking Corporation (SMBC), Japan’s third-largest bank by total assets, will launch blockchain-based trade finance services in the second…

China’s Foreign Exchange Regulator Piloting Blockchain in Trade Finance

The agency that regulates and manages China’s foreign exchange reserves has developed a blockchain system aimed to address inefficiencies in…

Marco Polo Blockchain Built on R3’s Corda Sees First Live Trades

The first two real-world transactions have been conducted on Marco Polo, the trade finance blockchain built on R3’s Corda platform.…

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