Ant Group launches blockchain trade platform with bank partners
Singapore
ANT Group has launched a blockchain trade platform that has roped in banking partners, in a nod to big tech tying up with big banks to tackle the pain points of trade finance.
Called Trusple, the platform uses the blockchain technology of Ant's blockchain business AntChain to facilitate trade and trade financing. It hopes to serve as a platform for distributors and suppliers to trade their products and access trade financing digitally in real-time.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly