Hong Kong’s central bank rolls out blockchain-based trade finance

Hong Kong Monetary Authority has already signed 21 banks, including HSBC and Standard Chartered, for the new system which will go live in August

Hong Kong Monetary Authority, in partnership with fintech company OneConnect (owned by China-based Ping An Group), has launched a blockchain-powered trade finance system, says a Financial Times report.

Also Read: Blockchain will force banks to change their feudal mindset

The Hong Kong regulator has already on-boarded 21 banks, including HSBC and...

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