We.Trade Blockchain Trade Financer Welcomes UBS, CaixaBank And Erste Group is a leading blockchain-powered digital trade services provider. Recently, three major banks from the former Batavia consortium decided to start working with this platform. Erste Group, CaixaBank, and UBS joined as banking partners and shareholders. They will join other existing banks on the platform: HSBC, Deutsche Bank, Natixis, Rabobank, Societe Generale, Unicredit, and Nordea. The result is that the number of shareholders now stands at 12.

    This joint endeavor will ensure that companies can access the unique market reach of this platform and use the network for international trade need. This will ensure that has a foothold in 13 nations.

    This Is Good For

    Following the successful launch of in June, the additional banking partners will strengthen its position as the largest blockchain power trade financing company. The shareholder bank identified significant similarities with the former Batavia banks. This is because they have developed similar solutions using IBM on the Hyperledger Fabric. An open source blockchain framework that is hosted by the Linux Foundation. Is Enjoying A Lot Of Success is still expanding, and it is evaluating additional partners from the banking and non-banking world. It wants them to join the vision of creating an interoperable platform. The addition of these three banks will extend the reach of geographically. It will now be available in Belgium, Austria, Denmark, France, Finland, Germany, Norway, Spain, Switzerland, Sweden, Italy, and the UK. addresses the needs of companies to make cross-border trade easy through the extension of its digital trade network. The distribution force of being part of the international banking network positions the platform as an innovator in the trade finance world. This also makes it a leading partner for market adoption and expansion outside Europe.

    What Officials At Had To Say

    According to the COO of Roberto Mancone, the platform was happy to welcome the three banks as users and shareholders. This is a confirmation of the announced roadmap of the platform. According to him, this would keep them on track with their strategy to expand their global coverage network over the coming quarters with both banking and nonbanking partners.

    Mar Santana Rollán, Director of Foreign Trade and Exchange at CaixaBank said that by being part of, they could provide international corporate clients with great digital trade solutions. It would allow them to consolidate their fully customer-centered innovation model.

    Ingo Bleier, Head of Group Corporates at Erste Group said he was glad the group had joined as an equal shareholder. He said that the deal would allow them to combine their knowledge of blockchain-based trade services, which they have built up within the Batavia consortium to make the platform available to their clients.

    Andy Kollegger, the Head of CIC products and services at UBS said that the company was happy to join forces with He said that the bank was sure the corporates in Switzerland would benefit from this platform when they engage in international trade.

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