New Zealand’s ASB Bank Takes Stake in Trade Finance Blockchain Startup

New Zealand’s ASB Bank Takes Stake in Trade Finance Blockchain Startup – CoinDesk

A New Zealand bank has invested a “significant” amount in a startup working to put trade finance on a blockchain. Announced Tuesday, ABS Bank – an institution owned by the Commonwealth Bank of Australia – said it backed the TradeWindow platform after taking part in a pilot utilizing its tech to carry out a trade between a Korean importer and a New Zealand meat exporter last year.