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European Banks Complete First Blockchain Financial Trades

FTSE / NASDAQ NEWS

Nine Major European Banks Complete First Blockchain Financial Trades with ‘we.trade’

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A consortia of nine major European banks including HSBC, Santander and Société Générale, have announced the successful completion of the first ten blockchain financial trades, made using their jointly developed blockchain platform, we.trade. The trade solution, built on IBM’s Hyperledger Fabric blockchain, is aimed to be a game changer for SME commercial banking clients within Europe. Available across eleven countries, COO Roberto Mancone confirmed it will begin licensing to other banks over the coming months, expanding its reach globally.