Treasury Management Internation Logo

UniCredit completes first transaction via blockchain based trading platform


– UniCredit today announced the successful completion of its first international transaction via blockchain-based trading platform

The first of its kind in the German market, the transaction involved one of UniCredit’s corporate clients, navabi GmbH, an internationally active plus size online retailer, using the platform to place an order with a Spanish supplier.

On the Spanish side, Banco Santander SA enabled a smooth transaction.

Many banks and companies are looking for a more efficient and cost-effective way to trade internationally. Being the sole bank in Italy to offer, UniCredit provides small and medium-sized enterprises access to an extremely simple application for the efficient, cost-effective and secure execution of national and international trading transactions.

Based on blockchain technology, maps the entire transaction process (end-to-end) and leverages so-called ‘Smart Contracts’. These can be used, for example, to automatically activate payments as soon as previously defined conditions, such as the dispatch of goods, have been fulfilled. This makes transactions considerably faster and more transparent as well as easier and safer, especially with new trading partners.

Gianfranco Bisagni, UniCredit’s Co-Head of Corporate and Investment Banking, said: “ is a success story in bank collaboration and we are delighted to announce our first transaction. Over time, we are confident that the platform will redefine trade relationships between SMEs and increase the connectivity of the financial ecosystem as a whole – something our clients stand to firmly benefit from.” was established by UniCredit together with other eight European banks, to address the expectations of their customers to make cross-border trade more straightforward.

The platform, which has been running its pilot phase until now, is expected to be available for a broader market, including corporate customers of the affiliated banks, in the next months.

Before the end of the year, expects to recruit additional banking partners in order to give companies access to international markets that have not yet been covered.


Most recent episodes

The Future of ESG in Treasury

In this podcast, Melissa Moi, Peter Jameson and Venkat ES from Bank of America join TMI’s Eleanor Hill to determine where the ESG journey is heading next. Our expert panel consider how changing regulation, technology solutions and metrics including ESG KPIs...


HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...


HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...


The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...


HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....


Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...


HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...


Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...


Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...


Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...