Fusion Bank Issues First Blockchain-Based Cross-Border Loan

According to Odaily, Fusion Bank, a Hong Kong virtual bank strategically invested in by Tencent, has announced the successful issuance of its first overseas loan through a blockchain-based cross-border data verification platform. This marks the first commercial loan granted after cross-border verification of credit information. The platform utilizes blockchain technology and data codes for document verification, ensuring that original data files are neither transmitted nor stored across borders.