Trade Finance
POSCO International, LG CNS Select Injective (INJ)for Trade Finance PoC
POSCO International and LG CNS choose Injective (INJ)for tokenizing trade receivables, signaling blockchain's role in reshaping global trade finance.
HKMA Launches Cargox Pilot to Boost SME Trade Finance
The HKMA's Cargox Pilot Programme aims to digitalize trade finance, helping SMEs access funding via advanced data integration and CDI infrastructure.
HKMA Signs Blockchain Trade Deal With Shanghai to Build Cross-Border Platform
Hong Kong and Shanghai sign MoU to develop blockchain-powered cross-border trade finance platform, connecting electronic bills of lading with CBDC infrastructure.
HKMA Unveils 20-Point Trade Finance Roadmap Under Project CargoX
Hong Kong's central bank releases Project CargoX recommendations targeting digital trade infrastructure and SME financing access across Asia.
IOTA's Salus Platform Aims to Close $2.5 Trillion Trade Finance Gap
IOTA's Salus platform leverages blockchain technology to address inefficiencies in the trade finance sector, particularly in the critical minerals market, aiming to bridge a $2.5 trillion funding gap.
Tether Expands Trade Finance with First Middle Eastern Crude Oil Deal
Tether has successfully completed its inaugural Middle Eastern crude oil transaction, marking a significant step in its trade finance division's global expansion.
HSBC Undertakes Blockchain-based Trade Finance Transacntion for Automotive Sector in the Middle East
Through the blockchain technology supported by the Contour platform, HSBC conducted a trade finance transaction between SAIC Motor and Taajeer Group.
Trade Finance Platform We.Trade on the Brink of Liquidation, Report says
We.trade, a trade finance platform, established as a joint venture among multinational firms, including 12 banks is on the brink of liquidation, local media reports.
UAE Rolls Out Blockchain-Powered Trade Finance Platform to Fight Fraud
The United Arab Emirates (UAE) has launched a blockchain-enabled trade finance platform dubbed UAE Trade Connect to curb economic crimes like money laundering, under-invoicing, and fraud.
China’s First National Level Blockchain Cross-Border Financial System Goes Live
China Guangfa Bank (CGB), a major Chinese bank, has officially launched the blockchain-based cross-border financial service platform on June 15, with the guidance of the Guangdong Branch of the State Administration of Foreign Exchange.