Global banks and traders recently announced plans to launch the
first blockchain-based platform to finance commodity trading.
According to reports, a Switzerland-based venture will run the
platform and develop it in partnership with a leading blockchain
technology company. The platform is set to go live later this year
for the energy industry and then expand into agriculture and metals
by early next year. Also this week, one of Wall Street's
largest banks announced that it is moving forward with plans to
offer a trading desk that will support various derivatives tied to
digital assets, while another major Wall Street bank said it is
exploring bitcoin derivatives products.
On Sept. 19, 2018, a top 10 national bank joined a blockchain
network that offers real-time cross-border payments. The network
includes some of the world's leading financial institutions and
now has more than 100 clients across the globe, and is currently
operating in 40 countries. And the South
