Ant unveils blockchain platform for cross-border trade

Friday, 25. September 2020 09:11

World's biggest fintech startup Ant Group announced on Friday it has launched a blockchain-powered platform for cross-border trade settlements. The platform called "Trusple" is based on the company’s own blockchain technology Antchain and it enables traders to get automatically generated smart contracts of their trading orders.

Ant plans to raise approximately $35 billion in the dual IPO. The company said earlier this week it aims to raise $17.5 billion in the Hong Kong portion of its forthcoming initial public offering (IPO). The company's filing for IPO was recently approved by the Shanghai Stock Exchange as well.

Related Links: Alibaba Group Holding Ltd.
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