Natixis joins blockchain-based trade finance initiative Marco Polo

French banking giant Natixis has joined Marco Polo, a trade finance initiative run by enterprise software firm R3 and trade finance technology specialist TradeIX.

“We are delighted to become a member of the Marco Polo network and offer trade and supply chain finance solutions leveraging blockchain technology. This initiative belongs to Natixis’ continuous transformation plan, which is putting digital technology and innovation at the core of its strategy to improve the experience of its clients,” said Anne-Cécile Delas, Global Head of Global Transaction Banking at Natixis.

“Blockchain’s potential to transform the trade finance ecosystem has always been clear. With the Marco Polo network on our Corda platform we are moving forward from potential to reality. We are pleased to welcome Natixis on board,” said David E. Rutter, CEO of R3.

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