blockchain trade finance transaction FTSE / NASDAQ NEWS 

HSBC Completes Blockchain Trade Finance Transaction on Corda Platform

HSBC says it has completed the world’s first ‘commercially viable’ blockchain trade finance transaction with Dutch lender ING, for the U.S. food and agricultural group Cargill. HSBC’s claim that the Corda blockchain platform, developed by blockchain start-up R3, is ready for commercial use by the $9tn market for trade finance. Vivek Ramachandran, HSBC’s head of innovation and growth for commercial banking said, “The next stage is actually encouraging as many participants as possible to sign up to the utility”.

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financial industry securities transaction INFLUENCERS NEWS 

Credit Suisse and ING complete €25 million securities transaction using Blockchain Technology

The financial industry begins to use Blockchain Technology for a securities transaction. In this unprecedented transaction, two important banks, Credit Suisse Group AG and ING Groep completed a 20 million euros ($30.5 m) securities transaction, demonstrating how blockchain technology can help make the securities lending process faster and more capital efficient.

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