Tag: Blockchain and DLT
This was a transaction between Mexico and Spain, in which Barcelona-based Frime bought more than 25 tons of frozen tuna from Pinsa Congelados, of Maztlan, México. The payment was made using a letter of credit issued by BBVA in Spain and processed by Mexican outpost BBVA Bancomer.
The initiative, called Marco Polo (www.marcopolo.finance) comprised of a group of the world’s leading banks, together with trade finance technology specialist TradeIX and enterprise software firm R3, are piloting their trade finance solution leveraging distributed ledger technology following a successful proof-of-concept.
Innovative trade finance network Tradeteq will become a value added service (VAS) provider to the Singapore government’s digitalised international trade platform, the Networked Trade Platform (NTP). Developed by Singapore Customs and the Government Technology Agency of Singapore, the NTP is a one-stop trade and logistics ecosystem which supports digitalisation efforts and connects players across the […]
Anglo-Gulf Trade Bank was established as the world’s first digitally-enabled trade bank to help address a global trade finance gap estimated at US$1.5 trillion.* The company is based in the Abu Dhabi Global Market (ADGM), the international finance centre in the capital of the United Arab Emirates, and has plans to open additional offices in the United Kingdom, Saudi Arabia, India and Asia, subject to regulatory approvals.
LONDON: Innovative trade finance market network Tradeteq has appointed Dr. Deborah Nutter to its Advisory Board. Dr. Nutter is the Senior Associate Dean and Professor of Practice of The Fletcher School of Law and Diplomacy of Tufts University in Massachusetts. Her role at Tradeteq will be to advise the company on geopolitical issues that impact […]
CryptoOracle Co-Founder claims “decentralisation is a better way forward than the current state of market concentration.” Lou Kerner on Israel’s blockchain scene, invoice financing and decentralisation CryptoOracle’s co-founder, Lou Kerner, and the Israeli blockchain scene go back a long way. The American crypto expert is currently ranked among Medium’s “Top 50 most influential crypto bloggers” […]
Heading towards the end of 2018, we thought that China’s developments in blockchain and trade finance were fairly quiet in comparison to the rest of the world. But just when we thought their commitment to distributed ledger technology was slow and infrequent, China Banking Association announced the launch of their China Trade and Finance Interbank […]
Earlier this week, Ripple announced that Euro Exim Bank, a specialised UK-based trade institution, was the first bank to publically announce that it will be using Ripple’s XRP cryptocurrency to facilitate cross-border transactions. Euro Exim Bank partner with Ripple to facilitate cross-border payments for trade finance customers Euro Exim Bank have announced that they will be […]
Last week HSBC announced that it had settled over three million foreign exchange transactions since the launch of ‘FX Everywhere’ in the last year. A move to orchestrate cross-border FX payments using new technologies and through improving efficiencies and payments across internal balance sheets, TFG investigates the meaning of this in the world of trade […]
