Banking Giant UBS Goes Live On We.Trade Blockchain For Trade Finance

Updated : 2019-10-09T23:50:21

Swiss financial giant UBS has started full-fledged transactions on we.trade, a blockchain-based trade finance platform that’s nearing wide adoption by its member banks.

UBS confirmed it went live on we.trade at the beginning of October, facilitating services to small and mid-sized enterprises (SMEs). A spokesperson said: “We’re reaching out to clients on a one-to-one basis to educate them on the new platform and walk them through the process.”