Trade finance institution Crédit Agricole CIB successfully completed a series of transactions on the Marco Polo Network with leading global corporate Voith and German bank LBBW. It marks the beginning of several tests to utilize Marco Polo’s full set of trade instruments.
Crédit Agricole CIB has come on board the Marco Polo Network in March 2020 to leverage blockchain technology to grant clients access to wider ecosystems in trade finance and working capital solutions, especially on digitisation of trade with a new open account payment method as well as receivables and payables financing. The French bank has been a partner of Voith for 15 years.
