Commerzbank replicates FX

alt="Commerzbank trade with blockchain"

Commerzbank replicates FX trade with blockchain


Commerzbank has instantaneously replicated an FX forward using blockchain in a trade with German industrial group, thyssenKrupp. The successful use of blockchain eliminated the need for transaction reconciliation between the two parties because the trade was stored as a single immutable record. Commerzbank and thyssenKrupp’s FX forward deal was a EUR/PLNFX trade which amounted to […]

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