trade finance – DIGIT INFO

HKMA Project Ensemble partners with Brazil, Thailand for tokenization

DIGIT — Mon, 28 Oct 2024 18:46:24 +0000

The Hong Kong Monetary Authority launch Project Ensemble in March and now has at least three countries participating.

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Blockchain can shield banks from billion-dollar trade finance scandals, says exec

DIGIT — Fri, 04 Sep 2020 11:50:00 +0000

Blockchain can help the trade finance industry prevent billion-dollar scandals and ease trade financing, says expert.

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DBS Bank Joins Global Blockchain Network to Digitize Trade Settlement

DIGIT — Mon, 11 May 2020 07:36:00 +0000

Singapore-based DBS bank joins blockchain trade-finance network Contour to disrupt its letters of credit settlement process.

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Standard Chartered, Siemens Partner on Blockchain Pilot to ‘Fully Digitize’ Bank Guarantees

DIGIT — Thu, 30 Aug 2018 14:29:00 +0000

Inefficiencies in bank guarantees forms focus of blockchain pilot by Standard Chartered, Siemens and trade finance platform TradeIX

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HSBC Deems Blockchain Infrastructure for Trade Finance Commercially Viable

DIGIT — Tue, 15 May 2018 14:00:56 +0000

Blockchain technology can be a viable tool when put in the right hands. HSBC is one of the many banks exploring the boundaries of this innovative technology. The company recently conducted and completed its first trade finance deal using a distributed ledger. It’s a very positive development for the blockchain industry, as global adoption seems imminent. HSBC Has a Major Breakthrough It is evident financial institutions all over the world are quite keen on how blockchain technology can transform and revolutionize their business models in the future. As of right now, a lot of tests are taking place, but not too many

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Batavia, UBS and IBM’s Joint Platform, Completes First Live Trade

DIGIT — Fri, 20 Apr 2018 22:00:25 +0000

Batavia, a blockchain trade finance platform, has successfully completed its first live corporate cross-border transaction. The platform is a joint venture between tech giant IBM and leading banks including Swiss bank UBS, European financial services firm Erste Group, the Spanish CaixaBank, German giant CommerzBank, and Bank of Montreal. This initial transaction saw the platform facilitate the exchange of cars from Germany to Spain and raw materials from Austria to Spain. A Watershed Moment The success of the pilot was an important milestone for Batavia and involved the facilitation of the full trade cycle. In a process that’s powered by smart contracts,

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