Trade Finance


Finance

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.

Corda Network is the public offshoot of R3's enterprise blockchain efforts.

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.

south dakota

Finance

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.

Container ship outside Hong Kong

Markets

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.

(Shutterstock)

Finance

MakerDAO Weighs Accepting Real-World Assets as Crypto Loan Collateral

Decentralized finance may soon boast a real-world use case as MakerDao considers accepting freight invoices as collateral for dai loans.

Credit: Shutterstock

Finance

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.

TRADING PLACES: IBM is taking a more active role in we.trade, the trade finance platform. (Credit: Shutterstock)

Markets

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.

Credit: Daniel Fung/Shutterstock.com

Tech

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.

Da Nang City, Vietnam (Credit: Shutterstock)

Policy

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.

People's Bank of China's headquarters in Beijing

Markets

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.

Accenture image via Shutterstock

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