Citi India has completed its first blockchain-enabled letter of credit (LC) transaction with diversified industrials manufacturing company Cummins India Limited (Cummins). The transaction was ...

WILMINGTON, Del., Dec. 3, 2025 /PRNewswire/ -- Lloyds and WaveBL, a blockchain-based platform for digital trade documents, have successfully completed a digital Letter of Credit (LC) transaction. The ...

Commerzbank is reportedly the first German bank to have completed a blockchain-based Letter of Credit (LC) transaction for its client, Ascentex Exim LLP, a Singapore-based textile trader, on Contour, ...

Most issuers of, and beneficiaries under, letters of credit are familiar with the impact a tenant bankruptcy has on the continued effectiveness of draws under the LC. Assuming a “direct draw” letter ...

A blockchain letter of credit transaction in the oil industry has been sent by Standard Chartered with Thai state-owned oil giant PTT Group. Standard Chartered announced that it has successfully ...

The Letter of Credit (LC) confirmation market plays a pivotal role in facilitating international trade transactions by mitigating risks for both exporters and importers. LC confirmation involves a ...

Banking and financial services giant HSBC has completed the first yuan-denominated letter of credit transaction on a blockchain using the Voltron trade finance platform. Banking and financial services ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Built on R3’s Corda, bank-backed Contour’s network focuses on ...