Global Trade
Back to Digital BankingCross-border letter of credit blockchain transaction
We assisted Shenzhen MTC Co., Ltd (Shenzhen MTC) to complete the world’s first cross-border RMB-denominated blockchain-based Letter of Credit (“LC”) transaction. We successfully completed the first cross-border Letter of Credit (“LC”) blockchain transaction in China, in a move that takes the digitisation of China’s trade another step closer to becoming a commercial reality.