Commerzbank and Bangkok Bank have jointly executed a Europe to Asia trade transaction using the Marco Polo trade finance blockchain platform.
Launched in 2017, Marco Polo is utilizing R3’s Corda blockchain to allow banks to easily integrate into trade orchestrations, bringing in ERP,
German banking giant Commerzbank and Deutsche Boerse, the operator of the Frankfurt Stock Exchange, have successfully executed legally binding settlement of a repo transaction using blockchain technology.
The repo transaction is based on a public note of KfW Bank Group amounting to EUR 10 million ($11.3M USD) and a seven-day term with a negative interest rate of -0.5%.
German banking giant Commerzbank, in collaboration with German automotive manufacturing company Continental and tech firm Siemens, has successfully completed a money market security transaction pilot using blockchain.
Money market securities are short-term assets typically with a maturity of one year or less.
The Spanish National Securities Market Commission (CNMV) has announced that it has been collaborating with a group of financial institutions on a blockchain project over the past year.
The CNMV is the Spanish government agency responsible for the financial regulation of the securities markets.
Anna Flach has been hired to scale the marketing function at EquiChain, a London-based FinTech specializing in blockchain technology for capital markets
Flach will be responsible for the development and implementation of the overall marketing and communications strategy, working alongside the executive team to drive the FinTech’s growth.
Four major banks have joined UBS and IBM to build a new global trade platform based on blockchain technology.
The platform, named Batavia, is built on the IBM Blockchain Platform powered by the Hyperledger Fabric Blockchain framework. The project aims to help organizations build multi-party,
Germany’s Commerzbank, in collaboration with KfW Banking Group and MEAG, has successfully replicated a euro commercial paper (ECP) transaction via blockchain.
The participants jointly traded an ECP issued by KfW, and simultaneously replicated the transaction in a blockchain.
