Ireland
we.trade is a blockchain trade platform owned by 9 European banks, focused on facilitating secure and efficient trade transactions for commercial clients and their banks. Launched in 2017 in Ireland, the platform has garnered significant attention due to its innovative use of distributed ledger technology and smart contracts. This collaborative initiative has attracted the interest and support of leading financial institutions such as HSBC, Santander Bank, and CRiF, who recently made a €5.50M Debt Financing investment in the company in February 2021.
The platform's strategic approach in bridging the gap between corporate clients and banks within the context of international trade has positioned it as a pivotal player in the intersection of Blockchain, Financial Services, Fintech, and Information Technology industries. This has resulted in the participation of nine European banks servicing clients across 11 different countries, with further expansion expected as additional banks integrate we.trade into their services. The platform's user-friendly interface and agility in executing transactions have contributed to its appeal and market viability.
