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Bangladesh Advances Trade Digitization with Blockchain-Based Green LC

Summary by CoinTrust

Prime Bank PLC and Dhaka Bank PLC have successfully concluded the Proof of Concept (POC) for Green LC, marking a significant achievement in trade digitization. This initiative has resulted in the execution of Bangladesh’s first Inland Letter of Credit (LC) on a blockchain platform developed locally, signaling a transformative shift in digital trade operations. The initiative aligns with the directive issued by Bangladesh Bank (FE Circular 06, da…

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Bangladesh Advances Trade Digitization with Blockchain-Based Green LC

Prime Bank PLC and Dhaka Bank PLC have successfully concluded the Proof of Concept (POC) for Green LC, marking a significant achievement in trade digitization. This initiative has resulted in the execution of Bangladesh’s first Inland Letter of Credit (LC) on a blockchain platform developed locally, signaling a transformative shift in digital trade operations. The initiative aligns with the directive issued by Bangladesh Bank (FE Circular 06, da…

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CoinTrust broke the news in 1 day ago on Tuesday, March 11, 2025.

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