Commerzbank processes FX Transaction through Blockchain

Blockchain Technology Market News

Commerzbank and Thyssenkrupp processed a €500,000 transaction with the use of R3’s Corda blockchain technology. The Divisional Board Member of the Commerzbank AG mentioned, “Reconciliation is a major issue for banks when trading FX. The deal demonstrates how the use of distributed ledger can transform and digitalize the process in this space.”

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