HSBC issues credit certificate on blockchain in Malaysia

According to Cointelegraph, HSBC announced the successful issuance of a credit certificate (LC) on a blockchain in Malaysia. The news media Fintech News Malaysia reported on this progress, pointing out that the transaction involved in the packaging company was from a Singapore chemical company, the transaction was issued by HSBC Bank of Malaysia, and the designated bank was HSBC Bank of Singapore. According to the report, this is the eleventh blockchain-driven transaction conducted by HSBC and the first such pilot conducted by its Malaysian branch.