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.

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