December 16, 2019 R3 completes an open-account trade finance trial.

The trial was conducted on the Corda platform, and is characterized by R3 as its largest ever. Specifically, approximately 340 participants from 70 organizations across 25 countries made around 700 funding requests, completed on the ‘Marco Polo’ accounts receivable platform. Participants included banks, such as the Boston-based Citizens Bank, Dutch ABN AMRO, and Hong-Kong Bank of East Asia, as well as corporations from multiple industries, including BMW, the International Islamic Trade Finance Corporation, and S├╝dFactoring.