Letter of Credit transactions
- Global News
Citi India Advances Trade Digitization Efforts with First Successful Blockchain LC Transaction on Contour
Citi India has successfully carried out its initial blockchain-powered Letter of Credit (LC) deal on Contour for Cummins India Limited,…
Read More » - MENA News
Egypt QNB AlAhli Bank tests Blockchain Contour trade finance platform with CargoX
The European Bank for Reconstruction and Development (EBRD), and Egypt’s QNB AlAhli bank have facilitating three test letters of credit…
Read More » - Crypto Exchanges
Oman Orpic Energy completes second R3 Corda Blockchain LC transaction
OQ, known as Orpic Group a Oman rooted energy company has announced that it has successfully completed the second financial…
Read More » - Global News
HSBC completes financing transaction on we.trade blockchain platform
HSBC has financed its first transaction on we.trade, a blockchain-based platform for open account trade in Europe. According to the bank,…
Read More » - Global News
Standard Charter Bank Executes first cross border LC on Voltron Blockchain
Standard Chartered Bank has successfully executed a pilot transaction for PTT Group, PTT International Trading Pte Ltd and IRPC Public…
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Landmark retail group and HSBC Utilize Blockchain trade finance in UAE
Landmark Group and HSBC have completed a first-of-its-kind transaction that connected two independently-built blockchain platforms, proving their interoperability and showing…
Read More » - MENA News
MENA Banks participate in R3 Voltron Blockchain trial
The Voltron initiative, built on R3’s Corda blockchain platform, has completed global trials which saw over 50 banks and corporates…
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