;

LC LITE work: Streamlining LCs on blockchain

The Letter of Credit (LC) market accounts for $2.3 trillion and has always been dominated by banks. But now, LC LITE has rolled out technological alternatives to LCs by putting loan documentation flow on its new blockchain-based platform, with one major commodity trader already on-board.

Hello stranger, fancy seeing you here…

Unfortunately you’ve stumbled across our paid-for content but that’s not a problem, join the TXF Essentials community today for unrestricted access to:
  • Daily news and analysis from our TXF experts
  • Access to TXF data dashboards and Smart Search
  • Market reports and bi-annual long reads
  • And much much more…

Comments (1)

  • Whitman Knapp
    Whitman Knapp, GTBInsights LLC 5 March 2019

    What is the legal framework supporting the payment element of a trade transaction on the digital ledger?

Sign in to post a comment. If you don't have an account register here.

X

TXF China brings an exclusive group of senior structured finance professionals together in Shanghai for a day of collaborative discussion of regional opportunities and productive network building.

TXF China 2019