If approved, Commerzbank, which has over 18 million customers and around 70,000 institutional clients, aims to serve as a digital currency exchange by offering custody and trading services.
Commerzbank, one of Germany’s leading commercial banks, on developing trials to have a new blockchain to be used in digitizing trade finance arrangements.
Commerzbank’s foray into digital currencies may increase adoption, given that it has nearly 11 million small-business and private customers in Germany and 30% foreign trade transactions.
Deutsche Börse and Commerzbank have successfully completed the first-ever proof-of-concept (POC) for a repo transaction using the blockchain.
Commerzbank believes its created the best automated lorry payment system in the world.
In an effort to build an intuitive payments ecosystem, Germany's four major banks embarked on a study that would see them settling transactions using "deposit tokens" minted on a blockchain.
Led by its Chairman Xi Jinping, China is all in on blockchain as Bahamas explores CBDC. Regulators are also stepping up their game as blockchain makes its mark
The test bridges the gap between mainstream finance and blockchain technology without relying on a central bank digital currency.
The Swiss banking giant’s decision to join SIX Digital Exchange stems from the desire to incorporate digital assets into its services for retail and institutional clients.
