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ADCB: Joins UAE trade finance blockchain consortium

ADCB: Joins UAE trade finance blockchain consortium

  • ADCB joined its consortium of leading UAE banks utilizing its blockchain platform to help de-risk trade finance
  • UTC is the fintech blockchain platform of e& enterprise formerly known as Etisalat Group
  • UTC’s multi-award-winning platform aspires to be the national trade finance platform and is already enhancing its capabilities
  • The signing ceremony was held at the offices of e& enterprise in Dubai and was attended by senior management from both organisations
  • UTC blockchain platform will be a key enabler for banks to increase lending to SMEs
  • All consortium member banks play an equal and active role in the steering and
    governance of the UTC platform
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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