R3 Completes Trade Finance Blockchain Trial With More Than 70 Organizations

Technology

Banks involved in this month’s trial included Dutch bank ABN AMRO, Mexican bank Banorte, Boston-based Citizens Bank, Frankfurt-based Commerzbank, Hong-Kong based Bank of East Asia and the Saudi British Bank. Other corporations involved included BMW, Saudi Arabia-based International Islamic Trade Finance Corporation, financial services institute SüdFactoring (subsidiary of German bank Landesbank Baden-Württemberg), Tokyo-based trading company Sumitomo Corporation, SBI Holdings (investment arm of Japanese financial giant SBI Group) and R3 Corda Japanese venture SBI R3 Japan.

Products You May Like

Articles You May Like

Should you refinance your mortgage? Here are three signs it’s time, real estate experts say
Cash savers still have an opportunity to beat inflation amid cloudy forecast for interest rate cuts
‘Lose-lose situation’: New Swiss bank laws could derail UBS’ challenge to Wall Street giants
Vietnamese property tycoon sentenced to death in country’s largest financial fraud, state media reports
Goldman Sachs reports earnings before market open — here’s what the Street expects

Leave a Reply

Your email address will not be published. Required fields are marked *