CIMB Bank Berhad Singapore has partnered with iTrust to start offering blockchain trade financing of up to one hundred million dollars for corporate clients. iTrust provides a functional platform focusing on blockchain technology and the Internet of Things (IoT), which is why CIMB has decided to use the company’s expertise. Blockchain trade financing Thanks to this partnership, the first blockchain trade financing transaction has been successfully completed. This first transaction comes in connection with dairy products import into China, CIMB expects this transaction to generate significant flows, some to the amount of one hundred million dollars. What iTrust brings to
