Trade Finance
Russia's Telecom Giant MTS Invests $11.7M in Blockchain Trade-Finance Service: Report
MTS bought 51% of Factorin, a Russia-based trade-finance service, for $11.7 million.
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.
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.
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.
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.
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.
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.
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.
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.
