Banks involved in this month’s trial included Dutch bank ABN AMRO, Mexican bank Banorte, Boston-based Citizens Bank, Frankfurt-based Commerzbank, Hong-Kong based Bank of East Asia and the Saudi British Bank. Other corporations involved included BMW, Saudi Arabia-based International Islamic Trade Finance Corporation, financial services institute SüdFactoring (subsidiary of German bank Landesbank Baden-Württemberg), Tokyo-based trading company Sumitomo Corporation, SBI Holdings (investment arm of Japanese financial giant SBI Group) and R3 Corda Japanese venture SBI R3 Japan.
R3 Completes Trade Finance Blockchain Trial With More Than 70 Organizations
