Abu Dhabi Islamic Bank Completes Trade Finance Distribution Transaction Using Blockchain

Blockchain, Innovation, News | April 20, 2020 By:

Abu Dhabi Islamic Bank (ADIB), an Islamic bank based in the United Arab Emirates (UAE), has successfully completed a secondary market transaction using TradeAssets, a blockchain-powered trade finance e-marketplace.

In a press release, ADIB said that it sold part of its trade finance portfolio to banks in multiple jurisdictions,