ADCB launch real time trade finance for customers on dltledgers Blockchain platform

ADCB launch real time trade finance for customers on dltledgers Blockchain platform

The UAE’s Abu Dhabi Commercial Bank (ADCB) has digitised trade finance for its customers using the Singapore-based dltledgers Blockchain platform. ADCB today reported completion of its first live end-to-end trade in Blockchain, moving cross border goods for Western Red Spring Canadian Wheat worth USD 6.5m (AED 25m), from Canada to Bangladesh. ADCB is the first bank in UAE to run the end-to-end Blockchain trade finance transaction with full document automation through the dltledgers platform, offering corporate customers efficiencies and faster access to cash.

Blockchain startup processes $1 billion in trade finance

Blockchain startup processes $1 billion in trade finance

Yesterday Singapore based dltledgers announced that in the last 18 months it has processed more than $1 billion in trade finance on its blockchain trade platform. The company wants to “uberize” the trade finance model. It also recently secured a $2.5 million pre-Series A financing from Walden International.

StanChart makes its first Singapore trade finance deal using blockchain

StanChart makes its first Singapore trade finance deal using blockchain

Standard Chartered’s Singapore unit has pulled off its first cross-border trade finance transaction on a blockchain-based platform, after previous initiatives by other arms of the global lender. StanChart tapped startup Distributed Ledger Technologies’ platform to complete an agri-business supply chain deal in one day, instead of the normal five to seven, the bank announced on Thursday.

Euromoney.com says Asia finds a block in blockchain

Euromoney.com says Asia finds a block in blockchain

Original article on Euromoney.com. published on 28th Dec 2018.  Here is a short excerpt and we are quote: “But some developments have nothing to do with the bank consortia. For example, DBS – which is, in most respects, a tech leader – does not appear in these...