The HKMA and mainland Chinese regulators announced a cross-border blockchain platform to link cargo logistics data with electronic bills of lading, aiming to cut paperwork and friction in trade finance. The move signals stronger regulatory coordination to integrate Chinese supply chains with global markets.
Lloyds is replacing physical paperwork with blockchain and AI systems across trade and lending to speed transactions and cut costs. The bank says it will explore tokenized deposit products with an eye toward launch by 2027.
Tether is moving into commodity trade finance with $1.5 billion in loans across oil, cotton and wheat, using its $200 billion reserves to offer faster USDT-based financing and compete with banks.