Marco Polo Onboards Three New Members to Its Trade Finance Network
Marco Polo Network is a joint undertaking with tech firm TradeIX, enterprise software company R3, and other 20 international financial institutions. The initiative provides a multi-asset class platform that offers broker dealer services, multi currency transactions, including equities, options, futures, and other related services. In an official announcement, the company revealed that it was joined by financial services provider for the Bavarian and German economies, BayernLB, one of the leading banks in the German city of Frankfurt, Helaba, and the largest back office service provider within the Savings Banks Finance Group, S-Servicepartner. In March, Switzerland’s principal stock exchange, SIX Swiss Exchange, chose to use blockchain consortium R3’s Corda Enterprise platform for its blockchain-based digital exchange. In February, the Wall Street Blockchain Alliance joined blockchain consortium R3 to develop applications and solutions on their Corda platform.