NatWest onboard with Marco Polo initiative

NatWest has joined Marco Polo, a trade finance blockchain platform consortium set up by R3 and TradeIX.

The UK’s third largest bank lines up alongside BNP Paribas, Commerzbank, ING, Standard Chartered Bank, Natixis, Bangkok Bank, SMBC, DNB and OP Financial Group on the platform, which launched in 2017.

Rival offering, we.trade, which is built on Hyperledger Fabric and has nine banks onboard, recently went live. Marco Polo, however, is still in pilot phase, although it is set to enter production in the fourth quarter.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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