Today, the Singapore-based Contour trade finance network announced it appointed Joshua Kroeker, as its Chief Product Officer. Kroeker was HSBC’s former global lead for blockchain for commercial banking. Contour, previously known as Voltron or Letter of Credit blockchain, was incorporated earlier this year and was founded by HSBC, ING and Standard Chartered, among others.
While at HSBC, Kroeker and his team were also involved in blockchain trade finance platforms we.trade and Hong Kong’s eTradeConnect. Kroeker was a Director at HSBC in Hong Kong and has now moved to Singapore, where Contour is based.
Back in 2018, the blockchain letter of credit project went through a bit of a lull. Kroeker was involved in HSBC taking the lead to move the initiative forward. For a while, the bank paid the bills for the ongoing development by blockchain firm CryptoBLK to get the platform to a stage where its advantages could be demonstrated to other banks.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
