Trade Finance Is (Finally) Going On-Chain
2025-07-20 18:39:19
Main Idea
Trade finance is transitioning to blockchain technology, with U.S. Bank completing its first fully digital trade finance transaction, signaling a shift from paper-based processes.
Key Points
1. U.S. Bank completed its first fully digital trade finance transaction using WaveBL, a blockchain for encrypted document exchange.
2. The Digital Container Shipping Association (DCSA), representing nine major shipping companies, supports this shift to digital trade finance.
3. The global trade finance gap is estimated at $1.5 trillion, which blockchain technology could help reduce.
4. The move towards blockchain in trade finance aligns with broader trends of tokenization, including U.S. Treasuries.
5. The shift reflects institutional adoption of blockchain, complementing existing efforts by financial giants like J.P. Morgan Chase, Visa, and Mastercard.
Description
Trade finance, a trillion-dollar industry, is the latest sign of institutional adoption of blockchain
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