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Global Trade
Back to Digital Banking![](/-/jssmedia/media/china/images/campaigns/global-trade-03.jpg?h=414&iar=0&w=640&hash=F1D424B4E218A8399E931CC79E0B13D0)
Cross-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.