Trade Finance

Citi launches Token Services for Cash for institutional clients

It is expected to facilitate multi-million dollar cross-border liquidity and payments.

DBS inks MOU with China trade promotion council to boost Asia trade, investment

DBS’ foreign direct investment unit will work with Chinese enterprises.

Tokenization of trade assets to bridge financing gap

Blockchain technology could decentralize finance operations and allow easier credit access.

StanChart beefs up leadership of trade and transaction banking teams

SC appointed new banking heads based in Singapore and Germany.

Siam Commercial Bank rolls out online international trade service

Transactions can be made without the need to submit original documents.

OCBC, UOB to benefit from US-driven supply chain relocation to ASEAN

Multinationals are likely to hasten their ASEAN expansion.

Malaysia's bid for BRICS membership to spur banking overhaul

However, challenges abound when moving away from U.S. and SWIFT reliance.

Thailand and Japan renew bilateral swap agreement.

The size of the BSA remains at $3b or its equivalent in yen.

China’s XTransfer gains in-principle approval for Singapore MPI license 

XTransfer plans to launch e-business wallet services in the Lion City.

Trade finance assets poised for tokenisation: StanChart

Trade finance could make up 16% of the estimated $30.1t market.

Korean regulators visit Hong Kong to discuss short-selling monitoring 

South Korean reps met with investment banks and the CEO of SFC Hong Kong.

Indonesia, UAE team up to promote local currency use in bilateral transactions

UAE and Indonesia's non-oil trade grew to $3.1b between 2017 and 2023.

Standard Chartered names three leaders to global transaction banking team

The three new hires are previously from J.P. Morgan, DBS, and Bank of America.

Citi, ABD ink deal to enhance supply chain financing for SMEs in Asia

It is expected to support over $100m of additional trade across APAC.