BNY Mellon: Joins trade finance blockchain network Marco Polo
- BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets
- Joined a consortium working to introduce blockchain technology into international trade finance
- Through its participation in the Marco Polo Network now able to more efficiently insert liquidity into the international supply chain
- The Marco Polo Network is a consortium of approximately 45 banks that provides an open software platform for trade
- It is a cloud-based blockchain-powered network that allows the seamless, secure, and fast exchange of trade data assets
- Utilizing Marco Polo will not only provide financing to suppliers but will also have real-time visibility into trade finance instruments
