Russia’s largest bank joins blockchain trade finance platform

[Lenipiw]

The Swiss arm of Russia’s largest bank is exploring blockchain-based trade finance. A subsidiary of Sberbank, Russia’s largest bank, has joined a blockchain-based platform for commodity trade finance.

Sberbank Switzerland AG has signed an agreement with Swiss trade finance platform Komgo to apply its blockchain-powered trade finance service.

Representatives from Sberbank Switzerland told Cointelegraph that the collaboration with Komgo addresses the growing digitization of trade finance.
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