Bank of Communications launches cross-border trade service solution based on CBETS blockchain infrastructure

The Bank of Communications (BoCom) has launched a cross-border trade service solution based on the 'CBETS' (数币达) blockchain infrastructure. The solution aims to optimize cross-border settlement and compliance by utilizing on-chain verification and smart contracts to improve the efficiency of capital, information, and document flows. It provides services such as cross-border payments and trade verification for enterprises and regulators, while supporting the integration of digital RMB and cross-border financial infrastructure.