GSBN joins Hong Kong Monetary Authority’s Project Ensemble
Global Shipping Business Network (GSBN) has officially joined the Hong Kong Monetary Authority’s (HKMA) Project Ensemble to test its electronic Bill of Lading (eBL).
Under Project Ensemble, eBLs are issued over GSBN’s blockchain infrastructure which also facilitates trade finance activities between corporates and financial institutions.
These eBLs are tokenised by Ant Digital Technologies and wrapped on their own blockchain to enable trade finance payments to flow through via tokenised deposit and wCBDC.
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