Banking and financial services giant HSBC has completed the first yuan-denominated letter of credit transaction on a blockchain using the Voltron trade finance platform. Banking and financial services giant HSBC has completed the first yuan-denominated letter of credit transaction on a blockchain using the Voltron trade finance platform. As Reuters reported on Sept. 2, HSBC […]
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Kavita Gupta, former ConsenSys ventures head, joins security token offering project Dusk Network that aims to help companies tokenize their equity shares. Former blockchain firm ConsenSys’ ventures head Kavita Gupta joined security token project Dusk Network. As industry news outlet The Block reported on Aug. 30, Gupta joined Dusk Network, an Amsterdam-based startup trying to […]
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A blockchain association has been jointly formed by the Santiago Stock Exchange, Central Securities Depository and the Global Trade Directory. The Santiago Stock Exchange (STE), Central Securities Depository (DCV) and the Global Trade Directory (GTD) announced a new blockchain association. Latin America focused business intelligence firm BNamericas reports on Aug. 27 that STE, DCV and […]
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Global banking giant HSBC becomes the first bank to finance a transaction on European blockchain trade platform we.trade. Multinational banking giant HSBC has reportedly become the first bank to complete financing transaction on European blockchain trade platform we.trade. Since we.trade started the project back in 2017, HSBC recently financed a transaction on the platform within […]
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Barclays halts business with Coinbase as exchange needs an innovative bank to tailor to its AML and KYC needs, but will U.K. customers be better off now? It is being reported that Barclays, the London-based global bank, recently stopped banking for Coinbase, the United States-based crypto exchange. Coinbase reportedly found a quick replacement in the […]
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Global banking giant HSBC has tested out its blockchain-based trade finance platform Voltron and reduced transaction time by 40%. Global banking giant HSBC has tested out its blockchain-based trade finance platform Voltron and reduced transaction time by 40%, the Chartered Institute of Procurement & Supply reported on July 10. To arrange a shipment between Hong […]
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SWIFT will enable blockchain-based platforms to use its global payments innovation platform. The Society for Worldwide Interbank Financial Telecommunications (SWIFT) will allow distributed ledger technology (DLT) firms to use its global payments innovation (GPI) platform, according to a recently published report. In the report, SWIFT revealed that it will soon allow GPI payments on DLT-base […]
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HSBC has deployed tokenization tech in its receivables infrastructure for corporate clients in India. Major global banking group HSBC has implemented tokenization technology into its receivables infrastructure for corporate clients in India, according to an announcement on June 18. The British multinational financial services company has reportedly launched its Digital Accounts Receivable Tool (HSBC DART), […]
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The Utility Settlement Coin (USC) project has the potential to disrupt the banking sector with crypto payments. On June 3, the Utility Settlement Coin (USC) project, one of the most ambitious crypto-based initiatives in mainstream finance, announced that it had taken the next step in its progression: the creation of a new company called Fnality […]
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Nordea is expanding its blockchain-based we.trade platform to small and medium-sized enterprise clients. Nordic private banking institution Nordea is expanding its offering of the blockchain-based trading platform we.trade to its small and middle-sized business customers (SMEs), according to a press release on May 9. The platform will purportedly help address trust deficits extant in current […]
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