On Friday, Spain’s CaixaBank announced it launched the
we.trade blockchain trade finance solution for its business clients.
CaixaBank is the third-largest lender by market value in Spain and holds €387 billion ($432 billion) in assets as of 2018. It has operations in about 127 countries.
we.trade is a digital platform
launched by nine founding banks — Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Société Générale (SocGen) and UniCredit. These banks were joined by CaixaBank, Erste Bank, and UBS, bringing its
shareholder count to 12. Eurobank was the first non-shareholder member that is not a subsidiary of an investor.
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