The Hong Kong unit of Bank of China has picked technology from smartTrade for its electronic foreign exchange platform; the firm was chosen due to its solid reputation in the industry, in particular the banking community. In a statement, Bank of China’s head of corporate finance and business development Wang Xiaodong said that “blockchain is an important new tool for financial institutions around the world as it can help them improve
The Hong Kong unit of Bank of China has picked technology from smartTrade for its electronic foreign exchange platform; the firm was chosen due to its solid reputation in the industry, in particular the banking community. Chinese banks have been gradually expanding into the electronic foreign exchange space with their increasing balance sheets and growing client needs.