HSBC Bangladesh has executed the first-ever cross-border blockchain letter of credit transaction in Bangladesh, in a development that would reduce LC processing time from the standard 5-10 days to ...

HSBC issued a letter of credit for U.S. food and agriculture firm Cargill using blockchain. It used a platform developed by blockchain start-up R3 called Corda. The exchange was performed in 24 hours, ...

The Hong Kong and Shanghai Banking Corporation (HSBC) along with Bangladesh Bank has initiated foreign currency (FCY) transaction solution through real-time gross settlement (RTGS) clearing of the ...

NEW DELHI: HSBC India and ING Bank Brussels have executed a blockchain enabled, live trade finance transaction jointly with Reliance Industries and Tricon Energy. The companies said that this is an ...

The Bangladesh arm of HSBC, one of the world’s largest banks, has completed the country’s first cross-border blockchain trade finance transaction. According to a press release on Tuesday, the ...

HSBC India and HSBC UAE have successfully executed a blockchain enabled, live trade finance transaction between ArcelorMitttal Nippon Steel India Limited (AM/NS India) and Universal Tube & Plastic ...

According to a press release on Tuesday, the digitized letter of credit (LC) transaction brought a notable reduction in the processing time compared to traditional methods – down from the average of ...