Today TradeIX
announced that three German financial institutions, Bayern LB, Helaba and S-Servicepartner have joined the
Marco Polo blockchain trade finance network to run pilots and evaluate the platform. This brings the number of members of the network to 20. The network is powered by R3’s Corda technology with software provided by TradeIX.
The solutions offered via the network include open account, traditional and structured trade finance solutions.
Bayern LB is the eighth largest bank in Germany and is 94% owned by the state of Bavaria. Helaba is a major regional bank in Germany based in Frankfurt and S-Servicepartner provides back office financial services solutions to 270 German savings banks.
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